Preparing the Cash Flow Statement Coca-Cola TO HAND IN NEXT CLASS (at beginning

Question

Preparing the Cash Flow Statement Coca-Cola TO HAND IN NEXT CLASS (at beginning of dass) Amt Dir 453 Incr 282 Incr A/R Inventory Prepayments PP&E; Accumulated depr A/P ST borrowing Other current liabs Bonds payable Common stock Retained earnings Cash at BOP= $1,078, and EOP-$1,531 Firm sold equipment during year for $70. Equip Cost was $150 with $80 in A/D Firm retired $150 in bonds at face with no gain or loss Firm declared and paid dividends of $1,006 during the year 2 Decr 38 Incr 1,291 Incr 210 Incr 347 Incr 411 Incr 248 Incr 195 Incr 1,104 Decr Ana Abuquerque, AC221 Financial Accounting 16

Explanation / Answer

Statement of cash flow Cash flows from operating activities Net Income (1755+1006) $2,761 Adjustments to convert net income to cash basis Depreciation expenses   (210+80) 290 Increase in Accounts receivable -282 Decrease in Inventory 2 Incraese in Prepayments -38 Increase in Accounts Payable 347 Increase in Other current liabilities       248.00 567 Net cash from operating activities     3,328.00 Cash flows from investing activities Purchase of Equipment (1291+150) -1441 Sale of Equipment 70 -1371 Net cash used investing activities (1,371.00) Cash flows from financing activities Borrowings Of Bonds Payable (150+195) 345 Repayment of Bonds payable -150 Incraese in ST borrowings 411 Repurchase of Treasury stock -1104 Payment of Dividends   -1006    (1,504.00) Net cash from financing activities (1,504.00) Net Increase in cash and cash equivalents       453.00 Cash and cash equivalents at beginning of period    1,078.00 Ending Balance       1,531.00

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