Comprehension check Direction: Write your answer for this activity in the answer sheet of the practice exercises. A. Given the statement of financial position and the statement of comprehensive income, make the statement of cash flows. The format of cash flow is given in the examples above. Angelie's Company Inc. Statement of Financial Position (in millions) ASSETS Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assets Noncurrent Assets Net Property, Plant, & Equipment Total Assets LIABILITIES & OWNER'S EQUITY Current Liabilities Accounts Payable Notes Payable Total Current Liabilities Noncurrent Liabilities Long-term Debts Owner's Equity Common Stocks Additional Paid-in Capital Retained Eamings Total Owner's Equity Total Liabilities & Owner's Equity 2021 P7, 160 690 2020 P4,100 1,200 1,000 800 8,650 6,300 7400 P16.050 9800 P16,100 2021 P430 1.200 2020 P450 900 1,630 1,350 800 950 7,000 1,000 5.620 7,000 1,000 5,800 13,620 P16.050 13,800 P16.100 Angelie's Company Inc. Statement of Comprehensive Income (in millions) 2021 P6,120 3,000 2,400 5,400 720 900 (180) 2020 Net Sales Less: Operating Costs (except depreciation and amortization) Depreciation and Amortization Total Operating Costs Operating Income or Earnings before Interest and Taxes (EBIT) Less Interest Eamings before Taxes (EBIT) Taxes (30%) Net Income Dividends P9,600 2,600 2,200 4,800 4,800 800 4,000 1,200 P2,800 P1,310 (P180) Spiritual food: "Yahweh's name is a strong tower: the righteous run to him, and are safe." Proverbs 18:10
Comprehension check Direction: Write your answer for this activity in the answer sheet of the practice exercises. A. Given the statement of financial position and the statement of comprehensive income, make the statement of cash flows. The format of cash flow is given in the examples above. Angelie's Company Inc. Statement of Financial Position (in millions) ASSETS Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assets Noncurrent Assets Net Property, Plant, & Equipment Total Assets LIABILITIES & OWNER'S EQUITY Current Liabilities Accounts Payable Notes Payable Total Current Liabilities Noncurrent Liabilities Long-term Debts Owner's Equity Common Stocks Additional Paid-in Capital Retained Eamings Total Owner's Equity Total Liabilities & Owner's Equity 2021 P7, 160 690 2020 P4,100 1,200 1,000 800 8,650 6,300 7400 P16.050 9800 P16,100 2021 P430 1.200 2020 P450 900 1,630 1,350 800 950 7,000 1,000 5.620 7,000 1,000 5,800 13,620 P16.050 13,800 P16.100 Angelie's Company Inc. Statement of Comprehensive Income (in millions) 2021 P6,120 3,000 2,400 5,400 720 900 (180) 2020 Net Sales Less: Operating Costs (except depreciation and amortization) Depreciation and Amortization Total Operating Costs Operating Income or Earnings before Interest and Taxes (EBIT) Less Interest Eamings before Taxes (EBIT) Taxes (30%) Net Income Dividends P9,600 2,600 2,200 4,800 4,800 800 4,000 1,200 P2,800 P1,310 (P180) Spiritual food: "Yahweh's name is a strong tower: the righteous run to him, and are safe." Proverbs 18:10
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.19MCE
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• Cash Flow (should follow the given format)
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