Ask Experts Questions for FREE Help !
Ask
    vicky55's Avatar
    vicky55 Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 5, 2014, 08:52 PM
    Preparing a Cash flow statement help please
    This is the information I have

    Balance Sheet
    End Beginning
    Cash 2225 3227
    Accounts receivable 83962 75165
    Inventories 169978 114465
    Prepaid expenses 13023 12402
    Other assets 1190 1471
    Notes payable 43500 19500
    Accounts payable 54331 45023
    Accrued salaries 8235 11687
    Other accrued expenses 13039 12977
    Income tax 4732 5352
    Common shares 17453 16346

    Income Statement
    Net Sales 656987 624568
    Cost of goods sold 543624 498790
    Amortization 7805 6895
    Selling and administrative 83,796 84,314
    Interest 4136 2297
    639361 592296
    Earnings before income tax 17626 32272
    Income taxes 7051 13071
    Net earnings 10575 19201

    Purchase of new property, plant and equipment 14790
    Property, plant and equipment sold produced a gain of 1169

    This is what I have done so far and I don't know what I'm doing wrong.

    Operating Activities
    Net earnings 10575
    Amortization expense 7805
    Accounts receivable (8797)
    Inventory (55513)
    Prepaid Rent (621)
    Other assets 281
    Accounts payable 9308
    Accrued salaries 3452
    Other accrued Expenses (62)
    Income Taxes 620
    Total Operating Activities (32952)

    Investing Activities
    Cash paid for purchase of new property (14790)
    Cash received from sale 1169
    Total Investing Activities (13621)

    Financing Activities
    Cash received from issuance of notes payable 24000
    Cash received from issuance of shares 1107
    Total finance activities 25107

    Net change (21446)
    Cash at the beginning 3227
    Cash at the end??
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
     
    #2

    Feb 23, 2014, 05:31 AM
    Your question is incomplete. Details of balances of non current assets is missing.
    There are other errors which will be disclosed when the question is complete.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Difference between cash flow and fund flow statement [ 1 Answers ]

What is difference between cash flow and fund flow statement

Difference between cash flow and fund flow statement? [ 2 Answers ]

Difference between cash flow and fund flow statement?

What is the difference between cash flow and funds flow statement [ 1 Answers ]

Difference between cash flow and funds flow statement

Preparing cash flow statement in indirect method [ 1 Answers ]

Could you please teach me how to prepare a cash flow statement in indirect method.


View more questions Search