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  • BITAVARRA c3 p3

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    Lady Margarette Bitavarra
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    The statement of changes in equity shows decreases in accounts receivable and accruals but an increase in inventory and accounts payable from 12/31/X7 to 12/31/X8, resulting in an overall increase in equity of $1,397. The statement of cash flows indicates the company had $11,225 in cash from operating activities but used $6,068 in investing activities to purchase fixed assets, and $5,755 in financing activities included paying off debt and dividends but raising $4,800 from stock sold, resulting in a total net cash decrease of $598.

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    BITAVARRA_c3_p3

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    The statement of changes in equity shows decreases in accounts receivable and accruals but an increase in inventory and accounts payable from 12/31/X7 to 12/31/X8, resulting in an overall increase in equity of $1,397. The statement of cash flows indicates the company had $11,225 in cash from operating activities but used $6,068 in investing activities to purchase fixed assets, and $5,755 in financing activities included paying off debt and dividends but raising $4,800 from stock sold, resulting in a total net cash decrease of $598.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    15 views2 pages

    BITAVARRA c3 p3

    Uploaded by

    Lady Margarette Bitavarra
    The statement of changes in equity shows decreases in accounts receivable and accruals but an increase in inventory and accounts payable from 12/31/X7 to 12/31/X8, resulting in an overall increase in equity of $1,397. The statement of cash flows indicates the company had $11,225 in cash from operating activities but used $6,068 in investing activities to purchase fixed assets, and $5,755 in financing activities included paying off debt and dividends but raising $4,800 from stock sold, resulting in a total net cash decrease of $598.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Latigoe Inc.

    Statement of Changes in Equity


    For the period ended 12/31/X8

    12/31/X7 12/31/X8 Change


    Accounts Receivable $ 7,943.00 $ 5,614.00 $ 2,329.00
    Inventory $ 12,408.00 $ 13,653.00 $ (1,245.00)
    Accounts Payables $ 1,699.00 $ 2,208.00 $ 509.00
    Accruals $ 950.00 $ 754.00 $ (196.00)
    $ 1,397.00

    Latigoe Inc.
    Statement of Cash Flow
    For the period ended 12/31/X8

    Operating Activities
    Net Income $ 5,560.00
    Depreciation $ 4,268.00
    Changes in Equity $ 1,397.00
    Cash from Operating Activities $ 11,225.00

    Investing Activities
    Increase in Fixed Assets $ (6,068.00)
    Cash from Investing Activities $ (6,068.00)

    Financing Activities
    Decrease in Debt $ (7,655.00)
    Dividends Paid $ (2,900.00)
    Stock Sold $ 4,800.00
    Cash From Financing $ (5,755.00)

    Net Cash Flow $ (598.00)

    Reconciliation
    Beginning Cash $ 3,245.00
    Net Cash Flow $ (598.00)
    Ending Cash $ 2,647.00

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