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Given the information for Callye,Inc., prepare a statement of cash flows (in thousands) Increase in accounts receivable:...

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Finance

Given the information for Callye,Inc., prepare a statement ofcash flows (in thousands)

Increase in accounts receivable: $13 Dividends: $5

Increase in inventories: 25 Change in common stock: 0

Net income: 33 Increase in gross fixed assets: 55

Beginning cash: 15 Depreciation expense: 7

Increase in accounts payable: 20

Increase in accrued expenses: 5

Increase in long-term notes payable: 28

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4.1 Ratings (476 Votes)

Cash flow statement using indirect method
Callye Inc.
Cash flows statement (Indirect method)
(in thousands)
Cash flow from Operating activities
Net Income $33.00
Adjustments :
Depreciation Expense $7.00
Increase in Accounts Receivable -$13.00
Increase in Inventory -$25.00
Increase in Accounts Payable $20.00
Increase in Accrued Expenses $5.00
-$6.00
Net Cash available from Operating activities $27.00
Cash flow from Investing activities
Increase in gross fixed assets -$55.00
Net cash used for Investing activities -$55.00
Cash flow from Financing activities
Increase in long-term notes payable $28.00
Dividends -$5.00
Net Cash available from Financing activities $23.00
Net Cash Surplus (deficit) -$5.00
Add : Beginning Cash $15.00
Ending Cash balance $10.00

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Transcribed Image Text

Given the information for Callye,Inc., prepare a statement ofcash flows (in thousands)Increase in accounts receivable: $13 Dividends: $5Increase in inventories: 25 Change in common stock: 0Net income: 33 Increase in gross fixed assets: 55Beginning cash: 15 Depreciation expense: 7Increase in accounts payable: 20Increase in accrued expenses: 5Increase in long-term notes payable: 28

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