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Statement of Cash FlowsAttached is a question with the solution. The task is very simple and should not take long. You are to edit the solution as if the question was slightly different. Update the statement of cash flows if for 2008 the Total assets were $876,205(instead of $830,295) and Accounts Payable were $148,670(instead of $102,760). If you want the formulas and any calculaTons, select the corresponding cell and press F2(FuncTon Key on key board),
It will show all calculaTons and formulas AutomaTcally
Available for sale securites
(noT cash equivalenTs)
Land, building, and equipmenT
NoTe payable (currenT)
±oTal liabilites and shareholders' equiTy
AddiTonal informaTon for 2009:
(1.) Sold available-for-sale securites costng $69,500 for $74,000.
(2.) EquipmenT costng $20,000 wiTh a book value of $5,000 was sold for $6,000.
(3.) Issued 6% bonds payable aT par, $200,000.
(4.) Purchased new equipmenT for cash $145,000.
(5.) Paid cash dividends of $20,000.
(6.) NeT income was $50,000.
SoluTon: ComputaTon of the Statement of Cash Flow (Indirect Method)
Statement of Cash Flow (Indirect Method)
±he Murdock CorporaTon
For the Year Ended
Gain on sale of Securites
Gain on sale of EquipmenT
Increase in receivables
Increase in InvenTories
Decrease in Prepaid insurance.
Decrease in AccounTs Payable.
Decrease in Salaries Payable.
Decrease in NoTe Payable.
Net cash provided by operaTng acTviTes
Cash ²ow from InvesTng AcTviTes
Proceeds from Sale of securites
Sale of EquipmenT
Net Cash Provided by InvesTng AcTviTes
Cash ²ow from Financing AcTviTes
Sale of bonds payable
Net Cash Provided by Financing AcTviTes
Net Changes in Cash ²ow
Opening Balance of Cash
Closing Balance of Cash
1. ±he Murdock Corporaton reporTed The following balance sheeT daTa for 2009 and 2008.
Prepare a sTaTemenT of cash Fows for 2009 in good form using The indirecT meThod for cash Fows from operatng actvites.
This question was answered on: May 23, 2022
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