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Tugas PA Bab 16
Tugas PA Bab 16
The net income reported on the income statement for the current year was $255,800.
Depreciation recorded on equipment and a building amounted to $53,500 for the year.
Balances of the current asset and current liability accounts at the beginning and end of the
year are as follows:
Cash $ 42,000 $ 44,200 Accounts receivable (net) 65,400 67,000 Inventories 125,900
112,600 Prepaid expenses 5,800 6,000 Accounts payable (merchandise creditors) 61,400
67,500 Salaries payable 8,300 7,900
a. Prepare the cash flows from operating activities section of the statement of cash flows,
using the indirect method.
b. If the direct method had been used, would the net cash flow from operating activities
have been the same? Explain.
Answer
55,700
311,500
19,400
b. Yes. The amount of cash flows from operating activities reported on the
statement of cash flows is not affected by the method of reporting such flows.
Ex. 16–19
The income statement of Heart Grain Bakeries, Inc. for the current year ended June
30 is as follows:
Sales $645,000
Cost of merchandise sold 367,800
Gross profit $277,200
Operating expenses: Depreciation expense $ 45,000
Other operating expenses 155,400
Total operating expenses 200,400
Income before income tax $ 76,800
Income tax expense 25,400
Net income $ 51,400
Changes in the balances of selected accounts from the beginning to the end of the
current year are as follows:
Increase Decrease*
Accounts receivable (net) $12,000*
Inventories 4,200
Prepaid expenses 2,500*
Accounts payable (merchandise creditors) 8,400*
Accrued expenses (operating expenses) 2,300
Income tax payable 3,600*
Prepare the cash flows from operating activities section of the statement of cash
flows, using the direct method.
Answer
Exercise 16-20
The income statement for Wholly Bagel Company for the current year ended June 30 and balances
of selected accounts at the beginning and the end of the year are as follows:
Sales $265,000
Operating expenses:
Beginning
of
Answer:
Computation :
Problem 16-1A
The comparative balance sheet of Winner’s Edge Sporting Goods, Inc. for December 31, 2006 and
2005, is as follows:
Assets
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 464,100 $ 395,800
Accounts receivable (net) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 163,200 145,700
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 395,000 367,900
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 120,000
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160,000 0
Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 695,500
575,500
Accumulated Depreciation—Equipment . . . . . . . . . . . . . . . . . . . . . . . . (194,000)
(168,000)
$1,683,800 $1,436,900
Instructions
Prepare a statement of cash flows, using the indirect method of presenting cash flows from
operating activities.
Problem 16 – 2A
JAWABAN