Business
Engineering
Math
Science
Social Science
Statement of cash flows A summary of cash flows for Parker Consulting Group for the year ended January 31, 20Y4, follows: Cash receipts: Cash received from customers $1,200,000 Cash received from issuing common stock 90,000 Cash payments: Cash paid for operating expenses 800,000 Cash paid for land 300,000 Cash paid for dividends 36,000 The cash balance as of February 1, 20Y3, was $66,000. Prepare a statement of cash flows for Parker Consulting Group for the year ended January 31, 20Y4.
Financial And Managerial Accounting
Solutions
Financial And Managerial Accounting
Statement of cash flows
A summary of cash flows for Parker Consulting Group for the year ended January 31, 20Y4, follows:
| Cash receipts: | |
| Cash received from customers | $1,200,000 |
| Cash received from issuing common stock | 90,000 |
| Cash payments: | |
| Cash paid for operating expenses | 800,000 |
| Cash paid for land | |
| 300,000 | |
| Cash paid for dividends | 36,000 |
The cash balance as of February 1, 20Y3, was $66,000.
Prepare a statement of cash flows for Parker Consulting Group for the year ended January 31, 20Y4.
Prepare the statement of cash flows for Company PCG for the year ended January 31, 20Y4.
Explanation of Solution
Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.
Prepare the statement of cash flows for Company PCG for the year ended January 31, 20Y4:
| Company PSG | ||
| Statement of Cash Flows | ||
| For the Year Ended January 31, 20Y4 | ||
| Particulars | Amount ($) | Amount ($) |
| Cash flows from (used for) operating activities: | Â | Â |
| Cash received from customers | $1,200,000 | &... |
Chapter 1 Solutions
Additional Business Textbook Solutions
Corporate Financial Accounting
Cornerstones of Financial Accounting
Financial & Managerial Accounting
Accounting Information Systems
STATISTICS F/BUSINESS+ECONOMICS-TEXT
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Probability and Statistics for Engineering and the Sciences
Fundamentals of Financial Management (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
Principles of Economics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Foundations of Business (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Financial Accounting
College Accounting, Chapters 1-27
Management, Loose-Leaf Version
Essentials of Economics (MindTap Course List)
Accounting Information Systems
Managerial Accounting: The Cornerstone of Business Decision-Making
Intermediate Accounting: Reporting And Analysis
College Accounting (Book Only): A Career Approach
MKTG 12:STUDENT ED.-TEXT
Contemporary Marketing
Financial & Managerial Accounting
Financial Accounting
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Accounting (Text Only)
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
Exploring Economics
Statistics for Business & Economics, Revised (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Corporate Financial Accounting
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Practical Management Science
Cornerstones of Cost Management (Cornerstones Series)
Purchasing and Supply Chain Management
Macroeconomics
Economics (MindTap Course List)
Economics For Today
Managerial Accounting
Microeconomics: Private and Public Choice (MindTap Course List)
Understanding Management (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Principles of Microeconomics
Micro Economics For Today
Economics: Private and Public Choice (MindTap Course List)
