ACCT2140 MOD4 CH16 HW LK

CH 16 Homework Module Four ACCT2140 Lois King

EX 16-5
Statement of Cash Flows
For the Year Ended December 31, 2014
Cash flow from operating activities:

Net Income

$92,000

Adjustments to reconcile net income to net cash flow from operating activities:

Depreciation

18,600

Changes in accounts receivable:

Increase in accounts receivable

(1,200)

Decrease in inventory

1,900

Increase in prepaid expenses

(500)

Increase in accounts payable

3,100

Decrease in wages payable

(2,200)

Net cash flow from operating activities:

111,700
Cash flows from financing activities

Less: Wages payable

2,200

Net cash flow used for financing activities

109,500
Increase in cash

2,500
Cash at beginning of year

44,200
Cash at end of year

46,700

EX 16-16
a.

JONES SODA CO.

Cash Flows from Operating Activities

(in thousands)

Cash flows from operating activities:

Net income

$1,330

Adjustments to reconcile net income to net

cash flow from operating activities:

Depreciation

193

Stock-based compensation expense

20

Changes in current operating assets and liabilities:

Increase in accounts receivable

(1,328)

Increase in inventories

(1,550)

Increase in prepaid expenses

(124)

Increase in accounts payable

686

Net cash flow used in operating activities

($773)

b.
After calculating the results per the adjustments and changes of the Cash Flows from Operations Activities, it has been concluded that there is a loss of $773.

PR 16-2A
PORTABLE LUGGAGE COMPANY
Statement of Cash Flows

For the Year Ended December 31, 2008

Cash flows from operating activities:

Net income $ 204,800

Adjustments to reconcile net income to