Crystal Meadows Case Study
Crystal Meadows of Tahoe, Inc. - Statement of Cash Flows
Year ended May 31, 1991
CASH FLOW FROM OPERATING ACTIVITIES Indirect Method Direct Method Net Income 1,418 Cash received from customers 26,025 Deprecitaion & Amortization 2,637 Paid to employees (8,911) Gain on Sale of Land (329) Paid for Rent (1,428) Decrease in Accounts Receiveable 59 Paid for Interest (1,073) Decrease in Prepaid expenses 6 Other operating & misc Expenses (9,188) Increase in Accouts Payable 245 Net cash inflow from operating activities 5,425 Increase in Accrued Land Rent 19 Increase in Accrued Compensation 152 Increase in Deferred Revenue 244 Increase in Income Taxes Payable 100 Increase in Other Accrued Liabilities 179 Increase in Deferred Income Taxes 479 Increase in Other Deferred Credits 216 Net cash inflow from operating activities 5,425
CASH FLOW FROM INVESTING ACTIVITIES Cash from Investing Activites Purchase of Equipment (5,146) Proceeds from sale of land 110 CAPX related to real estate held for sale (16) Investment in development stage resort (416) Collection of notes receivable 485 Sale of misc. assets 23 Loan to Toiyable Resort Company (85) Net cash outflow from investing activities (5,045)
CASH FLOW FROM FINANCING ACTIVITIES Cash From Financing Activities Payment of Dividends (112) Proceeds from issuance of common stock 33 Acquisition of new long-term debt 3,344 Payment of notes payable (2,820) Net cash inflow from financing
Year ended May 31, 1991
CASH FLOW FROM OPERATING ACTIVITIES Indirect Method Direct Method Net Income 1,418 Cash received from customers 26,025 Deprecitaion & Amortization 2,637 Paid to employees (8,911) Gain on Sale of Land (329) Paid for Rent (1,428) Decrease in Accounts Receiveable 59 Paid for Interest (1,073) Decrease in Prepaid expenses 6 Other operating & misc Expenses (9,188) Increase in Accouts Payable 245 Net cash inflow from operating activities 5,425 Increase in Accrued Land Rent 19 Increase in Accrued Compensation 152 Increase in Deferred Revenue 244 Increase in Income Taxes Payable 100 Increase in Other Accrued Liabilities 179 Increase in Deferred Income Taxes 479 Increase in Other Deferred Credits 216 Net cash inflow from operating activities 5,425
CASH FLOW FROM INVESTING ACTIVITIES Cash from Investing Activites Purchase of Equipment (5,146) Proceeds from sale of land 110 CAPX related to real estate held for sale (16) Investment in development stage resort (416) Collection of notes receivable 485 Sale of misc. assets 23 Loan to Toiyable Resort Company (85) Net cash outflow from investing activities (5,045)
CASH FLOW FROM FINANCING ACTIVITIES Cash From Financing Activities Payment of Dividends (112) Proceeds from issuance of common stock 33 Acquisition of new long-term debt 3,344 Payment of notes payable (2,820) Net cash inflow from financing