The text book I am using is Hospitality Industry Financial Accounting (4th edition). I am in chapter 17 -- Statement of Cash Flows now.Problem 3 asks me to prepare a schedule of cash flows from operating activities for 20x4.The scenario is :The Westland Inn had net earnings of $65,000 during 20X5. Included on its income statement for 20X5 were depreciation and amortization expenses of $150,000 and $5,000, respectively. Its current accounts on its comparative balance sheet showed the following:                                                                                    December 31 .                                                                                     20x4                 20x5    Cash                                                                    $10,000            $12,000Marketable Securities                                        $25,000           $27,000Accounts Receivable                                         $45,000            $40,000Inventory                                                              $15,000            $17,000Prepaid Expense                                                 $10,000             $8,000Accounts Payable                                                $25,000            $30,000Accrued Payroll                                                    $8,000              $10,000Income Taxes Payable                                         $10,000             $8,000Current Maturities of Long-Term Debt              $15,000              $18,000Dividends Payable                                                $5,000               $8,000In addition, sales of equipment, marketable securities, and investments during 20X5 were as follows:1. Equipment that cost $20,000 with accumulated depreciation of $12,000 was sold for $5,000.2. Investments that cost $20,000 were sold for $25,000.3. Marketable securities that cost $10,000 were sold for $8,000.I need to prepare a schedule of cash flows from operating activities for 20x4.

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Asked Oct 23, 2019
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The text book I am using is Hospitality Industry Financial Accounting (4th edition). I am in chapter 17 -- Statement of Cash Flows now.

Problem 3 asks me to prepare a schedule of cash flows from operating activities for 20x4.

The scenario is :

The Westland Inn had net earnings of $65,000 during 20X5. Included on its income statement for 20X5 were depreciation and amortization expenses of $150,000 and $5,000, respectively. Its current accounts on its comparative balance sheet showed the following:

                                                                                    December 31 .     

                                                                                20x4                 20x5    

Cash                                                                    $10,000            $12,000

Marketable Securities                                        $25,000           $27,000

Accounts Receivable                                         $45,000            $40,000

Inventory                                                              $15,000            $17,000

Prepaid Expense                                                 $10,000             $8,000

Accounts Payable                                                $25,000            $30,000

Accrued Payroll                                                    $8,000              $10,000

Income Taxes Payable                                         $10,000             $8,000

Current Maturities of Long-Term Debt              $15,000              $18,000

Dividends Payable                                                $5,000               $8,000

In addition, sales of equipment, marketable securities, and investments during 20X5 were as follows:

1. Equipment that cost $20,000 with accumulated depreciation of $12,000 was sold for $5,000.

2. Investments that cost $20,000 were sold for $25,000.

3. Marketable securities that cost $10,000 were sold for $8,000.

I need to prepare a schedule of cash flows from operating activities for 20x4.

 

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