AMBROSE COMPANY Comparative Salance Sheets Accounts Recelvable 8,000 44.000 300.

Question

AMBROSE COMPANY Comparative Salance Sheets Accounts Recelvable 8,000 44.000 300.000(40,000 Accumulated Deprecation 8,000 48,0004,000 184000226000108000 $184,000 $ 68,000 $ 100,00 Bonds Payable redeemed for cash sol No equipment w Land was AMBROSE COMP Statement of Cash Flows For the Year Ended December 31, 2037 Net income Adjustments to reconole net income to net cash provided by operating acbivities ncrease in accounts receivable Decrease in accounts payable Net cesh prowided by operating actlvitles Cosb flows fom investing octivities Purchase of equipment et cash prowlded by investing actlvities Cash lows from financing activities Isuance of common stock Payment of cash dividends Redemption of bonds Net cash provided by investing activities Check is 92,000 44,000 136,000 Net increase in cash Cash at beginning of period Cash at end of period

Explanation / Answer

Ambrose Company - Statement of Cash flows for the year ended 31.12.2017 Particulars Details Amount Cash flow from Operating Activites: Net Income $186,000.00 Adjustment to reconcile net income to net cash provided by operating activities: Depreciation Expense $68,000.00 Increase in accounts receivables -$24,000.00 Decrease in inventory $44,000.00 Decrease in accounts payable -$8,000.00 Net cash provided by operating activities $266,000.00 Cash flow from Investing Activites: Sale of Land $40,000.00 Purchase of Equipment -$120,000.00 Net cash provided by investing activites -$80,000.00 Cash flow from Financing Activites: Issuance of common stock $84,000.00 Payment of cash dividends -$78,000.00 Redemption of bonds -$100,000.00 Net cash provided by financing activites -$94,000.00 Net Increase in Cash $92,000.00 Cash at beginning of period $44,000.00 Cash at end of period $136,000.00

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.