Use the two statement of cash flows, one for CVS and one for Profire Energy, shown in
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Use the two statement of cash flows, one for CVS and one for Profire Energy, shown in the Excel worksheet to create a common-size statement of cash flow. The companies use different methods so you'll use the common-size technique depending on whether the company uses. (one direct and one indirect)
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1 2 3 OPERATING ACTIVITIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) 4 Net income 5 Adjustments to reconcile net income to net cash provided by Depreciation and amortization expense 6 7 Gain on sale of fixed assets 8 Bad debt expense 9 Stock awards issued for services 10 Changes in operating assets and liabilities: 11 Accounts receivable 12 Income taxes receivable/payable 13 Inventories 14 Prepaid expenses 15 16 17 18 INVESTING ACTIVITIES Deferred tax asset/liability Accounts payable and accrued liabilities Net Cash Provided by Operating Activities 19 Proceeds from sale of equipment 20 Sale of investments 21 Purchase of fixed assets 22 Payments for acquisitions, net of cash acquired 23 Net Cash Used in Investing Activities 24 FINANCING ACTIVITIES 25 Value of equity awards surrendered by employees for tax liability 26 Cash received in exercise of stock options 27 Purchase of treasury stock 28 Principal paid towards lease liability 29 Net Cash Used in Financing Activities 30 Effect of exchange rate changes on cash 31 NET DECREASE IN CASH 32 CASH AT BEGINNING OF PERIOD 33 CASH AT END OF PERIOD 34 CASH PAID FOR: 35 Interest 36 Income taxes 37 NON-CASH FINANCING AND INVESTING ACTIVITIES: Issuance of common stock - Midflow acquisition 38 B C 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 $2,021,492 $6,080,762 1,467,007 (114,641) 315,256 390,826 1,965,207 (665,649) 1,630,632 (1,184,385) 524,367 1,363,090 7,713,202 116,785 1,494,568 (4,664,619) (4,384,175) (7,437,441) (242,497) 9,356 (2,743,534) (73,628) (3,050,303) 31,466 896,681 (117,693) 186,882 1,059,000 1999 6,497 1,793,281 $1,020,000 911,981 71,397 (3,417,671) (14,301) (12,275) (92,207) 5,552,556 219,063 140,356 (1,927,906) 0 (1,568,487) (737,024) 174,002 (4,670,134) 0 (5,233,156) (94,780) (2,743,076) (1,343,867) 10,101,932 7,358,856 11,445,799 10,101,932 0 2,163,826 $0 1 2 3 OPERATING ACTIVITIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) 4 Net income 5 Adjustments to reconcile net income to net cash provided by Depreciation and amortization expense 6 7 Gain on sale of fixed assets 8 Bad debt expense 9 Stock awards issued for services 10 Changes in operating assets and liabilities: 11 Accounts receivable 12 Income taxes receivable/payable 13 Inventories 14 Prepaid expenses 15 16 17 18 INVESTING ACTIVITIES Deferred tax asset/liability Accounts payable and accrued liabilities Net Cash Provided by Operating Activities 19 Proceeds from sale of equipment 20 Sale of investments 21 Purchase of fixed assets 22 Payments for acquisitions, net of cash acquired 23 Net Cash Used in Investing Activities 24 FINANCING ACTIVITIES 25 Value of equity awards surrendered by employees for tax liability 26 Cash received in exercise of stock options 27 Purchase of treasury stock 28 Principal paid towards lease liability 29 Net Cash Used in Financing Activities 30 Effect of exchange rate changes on cash 31 NET DECREASE IN CASH 32 CASH AT BEGINNING OF PERIOD 33 CASH AT END OF PERIOD 34 CASH PAID FOR: 35 Interest 36 Income taxes 37 NON-CASH FINANCING AND INVESTING ACTIVITIES: Issuance of common stock - Midflow acquisition 38 B C 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 $2,021,492 $6,080,762 1,467,007 (114,641) 315,256 390,826 1,965,207 (665,649) 1,630,632 (1,184,385) 524,367 1,363,090 7,713,202 116,785 1,494,568 (4,664,619) (4,384,175) (7,437,441) (242,497) 9,356 (2,743,534) (73,628) (3,050,303) 31,466 896,681 (117,693) 186,882 1,059,000 1999 6,497 1,793,281 $1,020,000 911,981 71,397 (3,417,671) (14,301) (12,275) (92,207) 5,552,556 219,063 140,356 (1,927,906) 0 (1,568,487) (737,024) 174,002 (4,670,134) 0 (5,233,156) (94,780) (2,743,076) (1,343,867) 10,101,932 7,358,856 11,445,799 10,101,932 0 2,163,826 $0
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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