Please prepare a statement of cash flows (indirect method) for the accounting period of 2018 (1st of
Question:
Please prepare a statement of cash flows (indirect method) for the accounting period of 2018 (1st of January 2018 – 31st of December 2018), using the templates provided.
BACCI’S BAKERY Notes of the financial statements for 2018
Note 1: Land and Equipment During the fiscal year of 2018, the only purchases and sales of land and equipment were the following: x Sale of a dough-kneading machine that was originally purchased for CHF 1,800, the net book value of the machine was CHF 1,550 x Cash purchase of an oven, costing CHF 3,700. x Sale of land in cash originally purchased at CHF 6,800. A gain of CHF 1,700 was realized.
Note 2: Debts In 2018, Bacci’s Bakery wanted to expand its operations and took a new long-term loan from the bank. Bacci’s Bakery also reimbursed CHF 1,800 of the previous long-term loan.
Note 3: Stockholders’ Equity During 2018, Bacci’s Bakery made the following transactions related to Stockholders’ Equity: x Issued 400 shares of common stock with a par value of CHF 1. The stocks were sold to the stockholders with additional paid-in capital of CHF 6 per share. x Reissued half of the previously held treasury shares with a gain of CHF 1,200. x Declared CHF 280 of dividends for 2018.
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,