The balance sheet for Plasma Screens Corporation along with additional information is provided
below:
The balance sheet for Plasma Screens Corporation along with additional information is provided
below:
Solution
Statement of CAsh Flow (Indiect Method)
For the Year Ended 31st dec 2012
Net Change in cash =$14500
Add Beginning CAsh in hand =$112000
Ending CAsh BAlance =$126500
Cash Flow From Opearating Activities Amount($)
Net Income 73000
Add Depreciation Expense 157000
Add Decrease in Accounts Receivable 15600
less Increase in inventory 15900
less increase in Prepaid rent 3000
Add Increase in Accounts PAyable 13100
less Decrease in Interest payable 6800
Add Increase in Income TAx payable 2500
Net CAsh Flow From Opearting Activitie s 235500
CAsh Flow From Investing Activities
Purchase of Equipment (104000)
Net CAsh Flow from Investing Activities (104000)