- Question 2 Shill Company S 2021 Statement Of Cash Flows Is As Follows Cash Flows From Operating Activities Net Income A 1 (19.97 KiB) Viewed 38 times
- Question 2 Shill Company S 2021 Statement Of Cash Flows Is As Follows Cash Flows From Operating Activities Net Income A 2 (31.2 KiB) Viewed 38 times
- Question 2 Shill Company S 2021 Statement Of Cash Flows Is As Follows Cash Flows From Operating Activities Net Income A 3 (75.03 KiB) Viewed 38 times
- Question 2 Shill Company S 2021 Statement Of Cash Flows Is As Follows Cash Flows From Operating Activities Net Income A 4 (19.28 KiB) Viewed 38 times
- Question 2 Shill Company S 2021 Statement Of Cash Flows Is As Follows Cash Flows From Operating Activities Net Income A 5 (19.28 KiB) Viewed 38 times
- Question 2 Shill Company S 2021 Statement Of Cash Flows Is As Follows Cash Flows From Operating Activities Net Income A 6 (27.84 KiB) Viewed 38 times
- Question 2 Shill Company S 2021 Statement Of Cash Flows Is As Follows Cash Flows From Operating Activities Net Income A 7 (23.57 KiB) Viewed 38 times
- Question 2 Shill Company S 2021 Statement Of Cash Flows Is As Follows Cash Flows From Operating Activities Net Income A 8 (75.03 KiB) Viewed 38 times
Net cash used for financing activities NET DECREASE IN CASH Cash and equivalents January 1, 2021 Cash and equivalents December 31, 2021 ** Suplementary schedule Purchases of plant assets Less portion financed through issuance of long term debt Cash paid to acquire plant assets
Statement of cash flows question 2 Cash flows from OPERATING ACTIVITIES Net income 35.714 Add: Depreciation expense Decrease in inventory Increase in accounts payable Subtotal 8571 714 1.429 10.714 1.429 2.143 2.857 6.429 40.000 Less: Increase in accounts receivable Decrease in accrued expenses payable Gain on sales of marketable securities Subtotal Net cash provided by operating activities Cash flows from INVESTING ACTIVITIES Proceeds from sales of marketable securities Cash paid to acquire plant assets (see more explanation below) Net cash provided by investing activities Cash flows from FINANCING ACTIVITIES Dividends paid Payments to retire bonds payable Net cash used for financing activities NET DECREASE IN CASH 5.000 4.286 714 -20.000 -21.429 -1.429 -714 Cash and equivalents January 1, 2021 Cash and equivalents December 31, 2021 7.143 6.429 ** Suplementary schedule Purchases of law assets Less portion financed through issuance of long term.deht Cash paid to acquire plant assets 14.2861 10.000 4.286
Shill company's 2021 Statement of Cash Flows is as follows: Cash flows from OPERATING ACTIVITIES Net income Add: Depreciation expense Decrease in inventory Increase in accounts payable Subtotal Less: Increase in accounts receivable Decrease in accrued expenses payable Gain on sales of marketable securities Subtotal Net cash provided by operatine activities
Net cash provided by operating activities Cash flows from INVESTING ACTIVITIES Proceeds from sales of marketable securities Cash paid to acquire plant assets (see more explanation below **) Net cash provided by investing activities Cash flows from FINANCING ACTIVITIES Dividends paid Payments to retire bonds payable Net cash used for financing activities NET DECREASE IN CASH Cash and equivalents January 1, 2021 Cash and equivalents December 31, 2021 ** Suplementary schedule Purchases of plant assets Less portion financed through issuance of long term debt Cash paid to acquire plant assets
1. What was the company's free cash flow in 2021? 2. What were the major sources of cash from financing activities during 2021? Did the net effect of financing activities result in an increase or a decrease in cash during the year? 3. What happened to the total amount of cash and cash equivalents during the year? Assuming 2021 was a typical year, is the firm in a position to continue its dividend payments in the future? Explain 4. Look at the reconciliation of net income to net cash provided by operating activities, and explain the following: a. Net loss (gain) from the sale of marketable securities b. Increase in accounts receivable
Statement of cash flows question 2 Cash flows from OPERATING ACTIVITIES Net income 35.714 Add: Depreciation expense Decrease in inventory Increase in accounts payable Subtotal 8571 714 1.429 10.714 1.429 2.143 2.857 6.429 40.000 Less: Increase in accounts receivable Decrease in accrued expenses payable Gain on sales of marketable securities Subtotal Net cash provided by operating activities Cash flows from INVESTING ACTIVITIES Proceeds from sales of marketable securities Cash paid to acquire plant assets (see more explanation below) Net cash provided by investing activities Cash flows from FINANCING ACTIVITIES Dividends paid Payments to retire bonds payable Net cash used for financing activities NET DECREASE IN CASH 5.000 4.286 714 -20.000 -21.429 -1.429 -714 Cash and equivalents January 1, 2021 Cash and equivalents December 31, 2021 7.143 6.429 ** Suplementary schedule Purchases of law assets Less portion financed through issuance of long term.deht Cash paid to acquire plant assets 14.2861 10.000 4.286