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3 years ago

The following information is available for Coronado Industries for the year ended December 31, 2017.

Business

1 answer:

klio [65]3 years ago

8 0

Answer:

Coronado Industries

Statement of Cash Flows

December 31, 2017

Cash flow from operating activities:

Net income $294,044

Depreciation expense $167,670

Change in current assets ($19,872)

- Increase in accounts receivable ($8,487)
- Increase in inventory ($11,385)

Change in current liabilities $1,035

- Decrease in accounts payable $3,830

+ Increase in taxes payable ($4,865)

Net cash flow generated by operating activities $442,877

Cash flow from investing activities:

Sale of land at book value $36,225

- Purchase of building ($299,115)

Net cash flow generated by investing activities ($262,890)

Cash flow from financing activities:

Bond issuance $207,000

- Purchase of treasury stocks ($26,910)

- Cash dividends ($12,420)

Net cash flow generated by financing activities $167,670

Net increase in cash $347,657

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4 years ago

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