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    Warner Company Statement of Cash Flows

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    Kailash Kumar
    The document provides a statement of cash flows for a company for the year ended December 31, 2017. It shows cash flows from operating, investing and financing activities, with net cash provided by operating activities of $38,500 and net cash used by financing activities of $32,000, resulting in a net increase in cash of $15,000 for the year.

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    Warner Company Statement of Cash Flows

    Uploaded by

    Kailash Kumar
    192 views2 pages
    The document provides a statement of cash flows for a company for the year ended December 31, 2017. It shows cash flows from operating, investing and financing activities, with net cash provided by operating activities of $38,500 and net cash used by financing activities of $32,000, resulting in a net increase in cash of $15,000 for the year.

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    Warner Company Statement of Cash Flows

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    The document provides a statement of cash flows for a company for the year ended December 31, 2017. It shows cash flows from operating, investing and financing activities, with net cash provided by operating activities of $38,500 and net cash used by financing activities of $32,000, resulting in a net increase in cash of $15,000 for the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    192 views2 pages

    Warner Company Statement of Cash Flows

    Uploaded by

    Kailash Kumar
    The document provides a statement of cash flows for a company for the year ended December 31, 2017. It shows cash flows from operating, investing and financing activities, with net cash provided by operating activities of $38,500 and net cash used by financing activities of $32,000, resulting in a net increase in cash of $15,000 for the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Statement of Cash Flows

    For the Year Ended December 31, 2017

    Cash flows from operating activities


    Cash received from customers $ 236,000 $ 236,000
    Less:cash payments
    to suppliers $ 179,000
    for operating expenses $ 6,500
    For interest $ 3,000
    for income taxes $ 9,000 $ 197,500
    Net cash provided by operating activities $ 38,500

    Cash flows from investing activities


    Sale of equipment $ 8,500
    Net cash provided by investing activities $ 8,500

    Cash flows from financing activities


    Issue of common stock $ 4,000
    redemption of bonds $ (16,000)
    payment of dividends $ (20,000)
    Net cash used by financing activities $ (32,000)

    Net increase in cash $ 15,000


    Cash at beginning of period $ 20,000
    Cash at end of period $ 35,000

    (b) Free cash flow


    Net cash provided by operating activities $ 38,500
    Less:capital expenditures $ -
    Cash dividends $ (20,000)
    Free cash flow $ 18,500
    1)Cash receipts from customers
    Sales $ 242,000.00
    Deduct:increase in accounts receivable $ (6,000.00)
    (14000-20000)
    Cash receipt from customers $ 236,000.00

    2)
    Cah payments to suppliers
    cost of goods sold $ 175,000.00
    Add:increase in inventory $ 8,000.00
    (28000-20000)
    Cost of purchases $ 183,000.00
    Deduct:increase in accounts payable $ (4,000.00)
    (19000-15000)
    cash payment to suppliers $ 179,000.00

    3)
    Cash payments for operating expenses
    Operating expenses $ 24,000.00
    Deduct:depriciation $ (17,500.00)
    Cash payments for operating activities $ 6,500.00

    4)
    Cash payment for income taxes
    Income tax expense $ 8,000.00
    Add:decrease in income tax payable $ 1,000.00
    (8000-7000)
    Cash payment for income taxrs $ 9,000.00

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