Calculate the following amounts using the indirect method


The following information is available for Barkley Company

Net income                                           $325,000               Beginning accounts payable                  $109,000

Depreciation expense                         107,000                 Ending accounts payable                           146,000

Beginning accounts receivable         420,000                 Purchase of long-term assets                        516,000

Ending accounts receivable               439,000                 Issuance of long-term debt                         250,000

Beginning inventory                            516,000                 Issuance of stock for cash                        160,000

Ending inventory                                 560,000                 Issuance of stock for plant assets            110,000

Beginning prepaid expenses              48,000                   Purchase of treasury stock                         64,000

Ending prepaid expenses                   42,000                   Sale of long-term investment at cost          39,000

Instructions

Calculate the following amounts using the indirect method. Clearly label the amount of each answer as net inflow or net outflow and show all calculations.

a. Cash flows from operating activities.

b. Cash flows from investing activities.

c. Cash flows from financing activities.

d. Net change in Cash.

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Accounting Basics: Calculate the following amounts using the indirect method
Reference No:- TGS01275003

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