Question: For direct method on cash flow, how to adjust on prepaid expenses when the balance sheet doesn't specify which prepaid expenses on company's balance sheet??
For direct method on cash flow, how to adjust on prepaid expenses when the balance sheet doesn't specify which prepaid expenses on company's balance sheet??
-ex: General Admin, interest income, interest expenses, depreciation
Current Assets:
Cash and cash equivalents................................. $109,810 $ 6,248
Short-term investments.................................... 15,256 --
Inventories............................................... 8,971 571
Prepaid expenses and other................................ 3,298 321
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Total current assets.............................. 137,335 7,140
Fixed assets, net........................................... 9,265 985
Deposits.................................................... 166 146
Deferred charges............................................ 2,240 --
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Total assets...................................... $149,006 $ 8,271
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable.......................................... $ 32,697 $ 2,852
Accrued advertising....................................... 3,454 598
Accrued product development............................... -- 500
Other liabilities and accrued expenses.................... 6,167 920
Current portion of long-term debt......................... 1,500 --
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Total current liabilities......................... 43,818 4,870
Long-term portion of debt................................... 76,521 --
Long-term portion of capital lease obligation............... 181 --
Stockholders' Equity:
Preferred stock, $0.01 par value:
Authorized shares -- 10,000,000
Issued and outstanding shares -- none and 569,396
shares in 1997 and 1996, respectively................. -- 6
Common stock, $0.01 par value:
Authorized shares -- 100,000,000
Issued and outstanding shares -- 23,937,169 and
15,900,229 shares in 1997 and 1996, respectively...... 239 159
Additional paid-in capital................................ 63,792 9,873
Deferred compensation..................................... (1,930) (612)
Accumulated deficit....................................... (33,615) (6,025)
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Total stockholders' equity........................ 28,486 3,401
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Total liabilities and stockholders' equity...... $149,006 $ 8,271
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