12 May WHAT IS THE AMOUNT OF CASH FLOWS PROVIDED BY OPERATING ACTIVITIES TO BE PRESENTED ON THE STATEMENT OF CASH FLOWS?
Determine the missing amounts for each independent case below. Assume the
amounts given are at the end of the company’s first year of operation.
Company total total total total
Netincome Stockholders
Name Revenue Assets
Expensses Liabilites ( Loss ) Equity
Randolph $600,000 $450,000
$350,000 $130.000
Newman $105,000 $80,000 $10,000
$75,000
Wiseman
$190,000 $70,000 $30,000
$100,000
Martin $180,000 $ 215,000 $115,000 $75,000
van tassel
$55,000
$75,000 $19,000 $79,000
Solution :
2- Gail’s Greenhouse, Inc., a small retail store which sells house plants,
started business on January 1, 2010. At the end of January, 2010, the following
information was available:
Requirements:
A. Using the above information, prepare the income statement for Gail’s
Greenhouse for the month ended January 31, 2010.
B. What is the amount of cash flows provided by operating activities to be
presented on the statement of cash flows?
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Solution: 1-Determine the missing amounts for each independent case below. Assume the
amounts given are at the end of the company’s first year of operation.Company total total total total
Netincome Stockholders
Name Revenue Assets
Expensses Liabilites ( Loss ) Equity
Randolph $600,000 $450,000
$350,000 $130.000
Newman $105,000 $80,000 $10,000
$75,000
Wiseman
$190,000 $70,000 $30,000
$100,000
Martin $180,000 $ 215,000 $115,000 $75,000
van tassel
$55,000
$75,000 $19,000 $79,000
Solution :
2- Gail’s Greenhouse, Inc., a small retail store which sells house plants,
started business on January 1, 2010. At the end of January, 2010, the following
information was available:Requirements:
A. Using the above information, prepare the income statement for Gail’s
Greenhouse for the month ended January 31, 2010.
B. What is the amount of cash flows provided by operating activities to be
presented on the statement of cash flows?
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