direct and indirect cash flow statement.
how to get the direct and indirect cash flow statement.Â
ACCT:2100 Introduction to Financial Accounting Statement of Cash Flow -- Example Timeless Company Statements of Financial Position (In thousands) 12/31/2015 12/31/2014 Current assets: Cash and cash equivalents $25,700 $6,000 Trading securities 2,950 2,500 Accounts receivable (net) 17,850 17,700 Notes receivable 1,500 4,000 Inventory 10,250 12,300 Prepaid income tax expense 1,350 1,100 Total current assets 59,600 43,600 Property, plant and equipment (net) 52,600 43,600 Intangible assets 250 400 Total assets $112,450 $87,600 Current liabilities Trade accounts payable $5,150 $5,500 Accrued wages payable 3,200 5,350 Interest payable 1,300 800 Current portion of note payable 1,500 Total current liabilities 11,150 11,650 Notes payable 5,750 Deferred revenue 7,500 4,500 Long-term debt 28,500 27,500 Total liabilities 52,900 43,650 Stockholders' equity: Common stock, no par 30,000 20,000 Retained earnings 31,550 23,950 Treasury shares (2,000) Total stockholders' equity 59,550 43,950 Total liabilities and stockholders' equity $112,450 $87,600
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Posted 09 Dec 2017 07:12 AM
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