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MatroZZZ [7]
3 years ago
13

Condensed financial data of Saffordville Company are shown below.

Business
2 answers:
Ann [662]3 years ago
5 0

Answer:

Explanation:

The statement of cash flow is given below;

                       SAFFORDVILLE COMPANY

                         CASH FLOW STATEMENT  

Cash flow from operating Activities  

Net Income                                                                                    $112660

Add or subtract that effect net income  

Depreciation                                                        $30500        $30500

Changes in operating Assets & Liabilities  

Cash(102700-33400)                                         $69300  

Accounts receivable(37000-60800)                $-23800  

Inventory(102650-126900)                               -$24250  

Equipment(205000-315000)                            -$110000  

Investments(107000-79500)                            $27500  

Accounts Payable(57000-48280)                    $8720  

Accrued expenses payable(15100-18830)      -$3730  

Bond payable(145000-70000)                         $75000  

Common stock(250000-200000)                   $50000  

Retained earnings(172600-107940)                 $64660  

New equipment purchased in cash               -$146000  

(assume that which is not considered

in given Balance sheet)

Cash Dividend                                                   -$48000        -$60600

(assume that which is not

considered in the given

Balance sheet)

Net Cash Balance as on 31.12.2017                                        $82560

konstantin123 [22]3 years ago
4 0

Answer:

The answer is attached

Explanation:

Because of the lots of workings and calculation, the question is solved in excel sheet and attached for ready reference.

                   

Download xlsx
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