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Balance Sheet
Assets Cash Accounts Reciveable Inventory Land Building: Less Accumulated Depreciation Equipment Less Accumulated Depreciation Patent Total Liabilities Accounts Payable Accured Expense Lease Liability-Land Shareholder Equity Common Stock Paid in Capital-ex of par Retained Earnings Total 3000 675 1500 5850 450 225 0 December 31,2012 375 450 525 600 900 -270 2250 -480 1500 5850
Statement of Income
Revenue
Sales Revenue Gain on Sale of Land
Expenses
Cost of Goods Sold Depreciation Expense:Building Depreciation Expense:Equipment Loss on sale of equipment Amoritization of Patent Operating Expense Net Income
Investing Activities
Purchase of Equipment Sale of Land Sale of Equipment Net Cash Flows Finance Activities Payment of Cash Dividends Net Cash Flow Net Increase in Cash Total
METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2013 ($ in 000s)
Account Cash Flow from Operating Activities
Cash flow from: Customers Cash outflow: To Supplier of Goods For Operating Expense Net Cash Flow
Debit
Credit
Investing Activities
Purchase of Equipment Sale of Land Sale of Equipment Net Cash Flows -900 165 15 -720
Finance Activities
Payment of Cash Dividends Net Cash Flow -450 -450
Net Increase in Cash Cash Balance, January 1,2013 Cash Balance, December 31,2013
d in 000's)
Changes
Debit 225 150 375 150 Credit December 31,2013 600 600 900 75 675 900 30 -300 300 2850 315 -525 300 1200 6900
900 270
300 75 150
225 450
150 75 975
2495 675 425 1395 900 165 15 -720 450 225 8155 -450 225
8155
Mike Roe Computers Cash flows from operating activities (direct method) derived from an income statement from operating activities (indirect method) 2013 ($ in millions)
A
Account Cash(Recived from Customers) Account Receivable Sales Revenue Debit $ 155 $ 5 $ 150 $ $ 90 6 $ 9 $ 87 $ 20 $ 3 $ 17 $ 6 $ $ $ 12 $ 2 $ 10 $ 13 $ $ 6 7 3 3 Credit
Cost of Goods Sold Inventory Accounts Payable Cash (paid to supplier of goods)
Income Tax Expense Income Tax Payable Cash (paid for Income Taxes)
Cash Flow from Operations Cash Recived from Customers Cash Paid to Suppliers Cash Paid to Employees Cash Paid to Interest Cash Paid to Insurance Cash Paid to Income Tax Net Cash Flow from Operating Activities