Question: Plushy Home Cash Flow Statement - Indirect Method Directions: Complete the blanks in the cash flow statements with the appropriate numbers to prepare an indirect
Plushy Home Cash Flow Statement - Indirect Method Directions: Complete the blanks in the cash flow statements with the appropriate numbers to prepare an indirect cash flow statement for Plushy Home as of December 31, 2014 using the indirect method. Balance sheets from 2013 and 2014 are provided along with the income statement for 2014. Please use the information provided in those statements to arrive at your calculations for the cash flow statement. PLUSHY HOME COMPANY Hamer As of the 2018 1 5 5 $ 2. 18 5 Current Acco Popis Total Care Note and Inteny Thaina) | Total New Amet Cwritten Aceable Cew Ded Total Care No Create BLO 5 8.00 1 4. Owww wity hos oss Total Teled PLUSHY HOME COMPANY Balance Sheet As of December 31, 2014 Current Life Aceste s 5 Correo C Account www Total Current Asch 120.000 5 5 5 5 $ 1.000 599, Themed Total Crete S 150,000 NCA Fustum Botany (Accad Depo Total Ne Cervestust 11 390 Neo-Carrete La Tutules-Create 25 155 5 5 5 Contributed Capel Tutal 5 5 1122 Tutal Art Total d' Equity PLUSHY HOME COMPANY Income Statement For the year ending December 31, 2014 Total Revenue Cost of Goods Sold Gross Profit Salaries and was Marketing expenses Selling, General and Administrative Insurance expense Depreciation expense Operating Profit Interest Taxes Net Income s S 5 5 S S 5 s S s S S 890,000 (560,000) 330,000 (126,000) (35,000) 165,000) (8,000) (44,000) 52,000 (1.200) 3.100) 47,700 Plushy Home Cash Flow Statement - Indirect Method Directions: Complete the blanks in the cash flow statements with the appropriate numbers to prepare an indirect cash flow statement for Plushy Home as of December 31, 2014 using the indirect method. Balance sheets from 2013 and 2014 are provided along with the income statement for 2014. Please use the information provided in those statements to arrive at your calculations for the cash flow statement. PLUSHY HOME COMPANY Hamer As of the 2018 1 5 5 $ 2. 18 5 Current Acco Popis Total Care Note and Inteny Thaina) | Total New Amet Cwritten Aceable Cew Ded Total Care No Create BLO 5 8.00 1 4. Owww wity hos oss Total Teled PLUSHY HOME COMPANY Balance Sheet As of December 31, 2014 Current Life Aceste s 5 Correo C Account www Total Current Asch 120.000 5 5 5 5 $ 1.000 599, Themed Total Crete S 150,000 NCA Fustum Botany (Accad Depo Total Ne Cervestust 11 390 Neo-Carrete La Tutules-Create 25 155 5 5 5 Contributed Capel Tutal 5 5 1122 Tutal Art Total d' Equity PLUSHY HOME COMPANY Income Statement For the year ending December 31, 2014 Total Revenue Cost of Goods Sold Gross Profit Salaries and was Marketing expenses Selling, General and Administrative Insurance expense Depreciation expense Operating Profit Interest Taxes Net Income s S 5 5 S S 5 s S s S S 890,000 (560,000) 330,000 (126,000) (35,000) 165,000) (8,000) (44,000) 52,000 (1.200) 3.100) 47,700
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
