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Category > Management Posted 10 Jul 2017 My Price 14.00

Interpreting Cash Flows from Operating Activities

E 13-7: Reporting and Interpreting Cash Flows from Operating Activities from an Analyst’s Perspective (indirect method) Chandrakanta Corporation completed its income statement and balance sheet for 2015 and provided the following information: Income Statement for 2015 Service Revenue $26,550.00 Expenses Salaries $20,500.00 Depreciation $3,500.00 Amortization of Copyrights $100.00 Other Expenses $4,850.00 $28,950.00 Net Loss ($2,450.00) Partial Balance Sheet 2015 2014 Accounts Receivable $4,000.00 $7,500.00 Salaries Payable $7,500.00 $500.00 Other Accrued Liabilities $500.00 $2,550.00 In addition, Chandrakanta bought a small service machine for $2,500. Required: 1. Present the operating activities section of the statement of cash flows for Chandrakanta Corportation using the indirect method. 2. What were the major reasons that Chandrakanta was able to report a net loss but positive cash flow from operations? Why are the reasons for the difference between cash flow from operations and net income important to financial analysts?E 13-5: Comparing the Direct and Indirect Methods

To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate which items are used with each method.  

 
                                        STATEMENT OF       
                                 CASH FLOW METHODS       
Cash Flows (and Related Changes)    Direct     Indirect       
1. Accounts Payable increase or decrease                 
2. Payments to employees                 
3. Cash collections from customers                  
4. Accounts Receivable increase or decrease                 
5. Payments to suppliers                 
6. Inventory increase or decrease                 
7. Wages payable, increase, or decrease                 
8. Depreciation expense                 
9. Net income                  
10. Cash flows for operating activities                  
11. Cash flows from investing activities                  
12. Cash flows from financing activities                 
13. Net increase or decrease in cash during                  
       the period              






















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Maurice Tutor
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Status NEW Posted 10 Jul 2017 07:07 AM My Price 14.00

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