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managerial accounting

The Wyoming Corp. had the attached information available from its accounting records for the current year. Additional information concerning each case is attached. REQUIRED: Prepare the "Cash Flows From Operating Activities" section of the statement of cash flows for Wyoming Corp. using only the data from Case 2 WYOMING CORP. DATA FOR PREPARATION OF STATEMENT OF CASH FLOWS FROM OPERATING ACTIVITIES FOR CURRENT YEAR CASE 2 300) CASE 1 Net Income For Current Year Gain (Loss) on Sale of Equipment (included in net income figure above) 5,000 S 500 Dividends Paid Increase (Decrease) in Cash Increase (Decrease) in Accounts Receivable Increase (Decrease) in Inventory Increase (Decrease) in Buildings (all due to purchases) Increase (Decrease) in Equipment (all due to purchases/sales of equipment) Increase (Decrease) in Accumulated Depreciation, Buildings (all due to depreciation expense) Increase (Decrease) in Accumulated Depreciation, Equipment (CASE 1: all due to depreciation expense) (CASE 2: $500 decrease due to sale of equipment, 5,000 10,000 5,000) 2,000 4,000) 6,000 10,000 15,000 50,000 100,000 5,000) 10,000 12,000 8,000 2,500 1,500 remainder of change due to depreciation expense) Increase (Decrease) in Accounts Payable Increase (Decrease) in Short Term Notes Payable (consider this an operating activity) Increase (Decrease) in Wages Payable Increase (Decrease) in Long Term Notes Payable Increase (Decrease) in Bonds Payable Increase (Decrease) in Common Stock Increase (Decrease) in Additional Paid In Capital 4,000) 3,000 5,000) 700) 2,500) 1,000 10,000 20,000) 100,000 10,000 0 70,000

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