Cash, beginning of the year Operating Activity Net Income Plus: Depreciation Cortland, Inc. Cash Flow Statement For Year Ended 12/31/21 Change in Current Assets Accounts Receivable (inc) Inventory (dec.) Change in Current Liabilities Accounts Payable (inc.) Salary Payable (inc.) Net Cash from Operations Investment Activity Change in Fixed Assets (inc.) Net Cash from Investments Financing Activity Change in Notes Payable Change in Long Term Debt (dec.) Change in Common Stock (inc.) Dividends Paid (yes) Net Cash from Financing Net Increase or Decrease in Cash Cash End of Year Operating Cash Flow Free Cash Flow

Cash, beginning of the year Operating Activity Net Income Plus: Depreciation Cortland, Inc. Cash Flow Statement For Year Ended 12/31/21 Change in Current Assets Accounts Receivable (inc) Inventory (dec.) Change in Current Liabilities Accounts Payable (inc.) Salary Payable (inc.) Net Cash from Operations Investment Activity Change in Fixed Assets (inc.) Net Cash from Investments Financing Activity Change in Notes Payable Change in Long Term Debt (dec.) Change in Common Stock (inc.) Dividends Paid (yes) Net Cash from Financing Net Increase or Decrease in Cash Cash End of Year Operating Cash Flow Free Cash Flow

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 19E

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Net Cash Flow from Operating Activities The following are accounting items taken from Tyrone Shoelaces Required: a. Net income, 22,900 b. Payment for purchase of land, 4,000 c. Payment for retirement of bonds, 6,000 d. Depreciation expense, 7,800 e. Receipt from issuance of common stock, 7,000 f. Patent amortization expense, 2,700 g. Increase in accounts receivable, 3,400 h. Payment of dividends, 5,000 i. Decrease in accounts payable, 2,600 Required: Prepare the operating activities section of Tyrones statement of cash flows using the indirect method.
Cash flows from operating activitiesindirect method The net income reported on the income statement for the current year was 93,700. Depreciation recorded on store equipment for the year amounted to 31,200. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: a. Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method. b. Briefly explain why net cash flow from operating activities is different than net income.
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