1. Stanislaus Company Statement of Cash Flows For the year ended December 31,201

Question

1. Stanislaus Company Statement of Cash Flows For the year ended December 31,2016 Credit S240,200 Debit Net Income Cash flow from operating activities Depreciation expense Accounts receivable Inventory (+) Accounts payable (+) Short term notes payable (-) 31,600 (60,200) (33,600) 35,600 (37,800) (64,400) 175,800 Net cash provided by operating activitie:s Cash flow from investing activities Equipment purchase Sale of land (84,000) 42,800 Net cash used by investing activities (41,200) Cash flow from financing activities Payment of cash dividend (101,600) Net cash used by financing activities Cash net increase Cash at the beginning of the year Cash at the end of the year (101,600) 33,000 42,000 75,000

Explanation / Answer

Net Income : Net Income as per revenue account will be reported $ 240,200 Depreciation: Depreciation Expenses for the period is $ 31,600 Account Recivable : Account recievable is icrease by $ 60,200 during the period. Inventory : Inventory is increase during the period is $ 33,600 Account Payable : Account Payable is increase by $ 35,600 Short Term Note Payable: This will be reduced by $ 37,800 during the period. Equipment Purchase: During the period is equipment is purchased of $ 84,000 Sales of Land : Company will sale the land of $ 42,800 Dividend: Dividend is paid in the period is $ 101,600 The cash flow is the good because the Cash flow from operating is very good during the period = $ 175,800

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