Managerial Accounting: Tools for Business Decision Making 7e + WileyPLUS Registration Card
7th Edition
ISBN: 9781119036432
Author: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Publisher: Wiley (WileyPLUS Products)
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Chapter 13, Problem 13.10AP
To determine
Statement of cash flows
Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company.
To prepare: The statement of cash flows using the indirect method.
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Prepare a statement of cash flows for the Maness Coporation, using the infromation shown in the balance sheets.
2017 2018 Changes
Assets
Cash $150 $125 $(25)
Accounts receiveable 350 375 25
Inventory 475 550 75
Total current assets 975 1,050 75
Gross fixed assets 2425 2750 325
Accumulated depreciation (1000) (1200) (200)
Net fixed assets 1425 1550 125
TOTAL ASSETS 2400 2600…
Use the following excerpts from Zowleski Company's financial information to
prepare a statement of cash flows (indirect method) for the year 2018.
Dec. 31,
Dec. 31,
2017
2018
Cash
Account Recelvable
Merchandise Inventory
Plant Assets
Accumulated Depreciation
Total Assets
$ 92,300
22,000
140,000
180,000
(25,000)
409,300
$ 85,000
22,900
131,000
150,000
(21,000)
367,900
Accounts Payable
Notes Payable
Common Stock
Retained Earnings
Total Liabilities and Equity
19,500
135,500
20,000
235,300
409,300
21,000
120,000
20,000
206,900
367,900
Additional information:
Net income for 2018
Depreciation expense for 2018 (accumulated depreciation increase)
Plant assets purchased (plant assets increase), financed by note
Notes payable increased by amount of plant asset purchase
Notes payable decreased by amount of principal note payments
28.400
4,000
30,000
30,000
14,500
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Use the following excerpts from Zowleski Company's financial information to prepare a statement of cash flows (indire
method) for the year 2018.
Dec. 31,
2018
Dec. 31,
2017
$ 92,300
22,000
140,000
180,000
(25,000)
409,300
$ 85,000
22,900
131,000
150,000
(21,000)
367,900
Cash
Account Receivable
Merchandise Inventory
Plant Assets
Accumulated Depreciation
Total Assets
Accounts Payable
Notes Payable
Common Stock
Retained Earnings
Total Liabilities and Equity
18,500
135,500
20,000
235,300
409,300
21,000
120,000
20,000
206,900
367,900
Additional information:
Net income for 2018
Depreciation expense for 2018 (accumulated depreciation increase)
Plant assets purchased (plant assets increase), financed by note
Notes payable increased by amount of plant asset purchase
Notes payable decreased by amount of principal note payments
28,400
4,000
30,000
30,000
14,500
Chapter 13 Solutions
Managerial Accounting: Tools for Business Decision Making 7e + WileyPLUS Registration Card
Ch. 13 - (a) What is a statement of cash flows? (b) Mark...Ch. 13 - Prob. 2QCh. 13 - Prob. 3QCh. 13 - Prob. 4QCh. 13 - Prob. 5QCh. 13 - Prob. 6QCh. 13 - Prob. 7QCh. 13 - Contrast the advantages and disadvantages of the...Ch. 13 - Prob. 9QCh. 13 - Prob. 10Q
Ch. 13 - Prob. 11QCh. 13 - Prob. 12QCh. 13 - Prob. 13QCh. 13 - Prob. 14QCh. 13 - Prob. 15QCh. 13 - During 2017. Doubleday Company converted 1,700.000...Ch. 13 - Prob. 17QCh. 13 - Prob. 18QCh. 13 - Prob. 19QCh. 13 - Prob. 20QCh. 13 - Prob. 21QCh. 13 - Prob. 13.1BECh. 13 - Classify items by activities. (LO 1), C Classify...Ch. 13 - Prob. 13.3BECh. 13 - Prob. 13.4BECh. 13 - Prob. 13.5BECh. 13 - Prob. 13.6BECh. 13 - Prob. 13.7BECh. 13 - Prob. 13.8BECh. 13 - Prob. 13.9BECh. 13 - Prob. 13.10BECh. 13 - The management of Morrow Inc. is trying to decide...Ch. 13 - Prob. 13.12BECh. 13 - Prob. 13.13BECh. 13 - Prob. 13.14BECh. 13 - Prob. 13.1DICh. 13 - Prob. 13.2DICh. 13 - Prob. 13.3DICh. 13 - Tabares Corporation had these transactions during...Ch. 13 - An analysis of comparative balance sheets, the...Ch. 13 - Cushenberry Corporation had the following...Ch. 13 - Prob. 13.4ECh. 13 - The current sections of Scoggin Inc.s balance...Ch. 13 - Prob. 13.6ECh. 13 - Rojas Corporations comparative balance sheets are...Ch. 13 - Here are comparative balance sheets for Velo...Ch. 13 - Prob. 13.9ECh. 13 - Compute net cash provided by operating...Ch. 13 - Suppose a recent income statement for McDonalds...Ch. 13 - Compute cash flow from operating activitiesdirect...Ch. 13 - The following information is taken from the 2017...Ch. 13 - You are provided with the following transactions...Ch. 13 - The following account balances relate to the...Ch. 13 - The income statement of Whitlock Company is...Ch. 13 - Prob. 13.4APCh. 13 - Prob. 13.5APCh. 13 - Prob. 13.6APCh. 13 - Prob. 13.7APCh. 13 - Prob. 13.8APCh. 13 - Prob. 13.9APCh. 13 - Prob. 13.10APCh. 13 - Prob. 13.11APCh. 13 - Prob. 13.1BYPCh. 13 - Prob. 13.2BYPCh. 13 - Comparative Analysis Problem: Amazon.com, Inc. vs....Ch. 13 - Prob. 13.4BYPCh. 13 - Prob. 13.5BYPCh. 13 - Prob. 13.7BYPCh. 13 - Ethics Case Wesley Corp. is a medium-sized...Ch. 13 - Prob. 13.9BYP
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