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Category > Business & Finance Posted 09 May 2017 My Price 8.00

Statement of Cash FlowsAc€??Indirect Method

Statement of Cash FlowsAc€??Indirect Method

The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2014 and 2013, is shown as follows:

  Dec. 31, 2014 Dec. 31, 2013
Assets    
Cash $274,800   $259,160  
Accounts receivable (net) 99,550   93,080  
Inventories 281,030   275,590  
Investments 0   106,770  
Land 144,140   0  
Equipment 310,060   243,650  
Accumulated depreciation-equipment (72,590)   (65,700)  
  Total $1,036,990   $912,550  
     
Liabilities and Stockholders' Equity    
Accounts payable (merchandise creditors) $187,700   $179,770  
Accrued expenses payable (operating expenses) 18,670   23,730  
Dividends payable 10,370   8,210  
Common stock, $10 par 56,000   44,710  
Paid-in capital in excess of par-common stock 210,510   124,110  
Retained earnings 553,740   532,020  
  Total $1,036,990   $912,550  

The following additional information was taken from the records:

The investments were sold for $124,920 cash.

Equipment and land were acquired for cash.

There were no disposals of equipment during the year.

The common stock was issued for cash.

There was a $64,610 credit to Retained Earnings for net income.

There was a $42,890 debit to Retained Earnings for cash dividends declared.

Required:

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Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required.

Mavenir Technologies Inc.

Statement of Cash Flows

For the Year Ended December 31, 2014

Cash flows from operating activities:
           

  
     

$  
   

Adjustments to reconcile net income to net cash flow from operating activities:
           

  
     

  
   

  
     

  
   

Changes in current operating assets and liabilities:
           

  
     

  
   

  
     

  
   

  
     

  
   

  
     

  
   

Net cash flow from operating activities
         

$  

Cash flows from investing activities:
           

  
     

$  
   

  
 

$  
       

  
 

  
 

  
   

Net cash flow used for investing activities
         

  

Cash flows from financing activities:
           

  
     

$  
   

  
     

  
   

Net cash flow provided by financing activities
         

  

  
         

$  

Cash at beginning of the year
         

  

Cash at end of the year

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Status NEW Posted 09 May 2017 03:05 PM My Price 8.00

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