The following information corresponds to the years 2012 and 2013 of the company Villanueva Mtar, S.A. Additional

The following information corresponds to the years 2012 and 2013 of the company Villanueva Mátar, S.A.

Additional Information: During 2013, $ 7,500 of dividends were declared and there were no gains or losses from long-term transactions.
a) Prepare the statement of cash flows by the indirect method.

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Villanueva Mátar, S.A. Comparative statement of financial position as of December 31, 2013 and 2012 (In thousands of pesos) 2013 2012 Assets: Cash $ 25 500 $ 17 250 Accounts receivable 26 250 19 500 Inventories 24 750 28 500 Fixed assets 29 250 25 500 Accumulated depreciation (18 000) (17 250) Long-term investments 19 500 21 000 Total assets $107 250 $94 500 Liabilities and equity: Debts to pay $ 18000 $13 500 Various creditors 6 000 4 500 Obligations to pay 18 000 22 500 Social capital 28 500 25 500 Retained earnings 36 750 28 500 Total liabilities and capital $107 250 $94 500 Villanueva Mátar, S.A. Comparative statement of financial position as of December 31, 2013 and 2012 (In thousands of pesos) 2013 2012 Assets: Cash $ 25 500 $ 17 250 Accounts receivable 26 250 19 500 Inventories 24 750 28 500 Fixed assets 29 250 25 500 Accumulated depreciation (18 000) (17 250) Long-term investments 19 500 21 000 Total assets $107 250 $94 500 Liabilities and equity: Debts to pay $ 18000 $13 500 Various creditors 6 000 4 500 Obligations to pay 18 000 22 500 Social capital 28 500 25 500 Retained earnings 36 750 28 500 Total liabilities and capital $107 250 $94 500

Answer rating: 100% (QA)

Cash flow under indirect Method Net profit taken as base Add depreciation Cash flow Statement Indire... View the full answer