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    Sharp Screen Films, Inc., Is Developing Its Annual Financial Statements Cash Flow

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    Kailash Kumar
    This financial statement summary provides an overview of a company's cash flows, income statement, and balance sheet for the current year. Key figures include net income of $43,450, cash provided by operating activities of $52,750, purchase of $60,850 in fixed assets, and a net increase in cash of $4,650, leaving a cash balance of $70,550 at year-end.

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    Sharp Screen Films, Inc., Is Developing Its Annual Financial Statements Cash Flow

    Uploaded by

    Kailash Kumar
    129 views4 pages
    This financial statement summary provides an overview of a company's cash flows, income statement, and balance sheet for the current year. Key figures include net income of $43,450, cash provided by operating activities of $52,750, purchase of $60,850 in fixed assets, and a net increase in cash of $4,650, leaving a cash balance of $70,550 at year-end.

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    bhi

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    This financial statement summary provides an overview of a company's cash flows, income statement, and balance sheet for the current year. Key figures include net income of $43,450, cash provided by operating activities of $52,750, purchase of $60,850 in fixed assets, and a net increase in cash of $4,650, leaving a cash balance of $70,550 at year-end.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    129 views4 pages

    Sharp Screen Films, Inc., Is Developing Its Annual Financial Statements Cash Flow

    Uploaded by

    Kailash Kumar
    This financial statement summary provides an overview of a company's cash flows, income statement, and balance sheet for the current year. Key figures include net income of $43,450, cash provided by operating activities of $52,750, purchase of $60,850 in fixed assets, and a net increase in cash of $4,650, leaving a cash balance of $70,550 at year-end.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    Current Year

    Cash $ 70,550
    Accounts receivable $ 19,150
    Merchandise inventory $ 25,750
    Property and equipment $ 213,450
    less:accumulated depriciation $ (62,700)
    $ 266,200

    Accounts payable $ 13,100


    Wages payable $ 7,200
    Note payable , long term $ 63,300
    Contributed capital $ 103,900
    Retained earnings $ 78,700
    $ 266,200

    Sales $ 211,000
    Cost of goods sold $ 108,000
    Depriciation expense $ 14,950
    Other expenses $ 44,600
    Net income $ 43,450

    Cash flow statement


    Cash flow from operating activities:
    Net income
    Adjustmens to reconcile net income to net cash provided by operating
    activities:
    Depriciation expense $ 14,950
    Decrease in accounts receivable $ 6,600
    Increase in merchandise inventory $ (5,450)
    Decrease in accounts payable $ (10,100)
    Decrease in wages payable $ 3,300

    Net cash provided by operating activities

    Cash flow from investing activities


    Cash payments to purchase fixed assets $ (60,850)
    Net cash used in investing activities

    Cash flows from financing activities


    Cash payments on long term note $ (12,700)
    cash payments fot dividends $ (10,950)
    cash receipts from issuing stock $ 36,400
    Net cash provided by financing activities
    Net increase in cash during the year
    cash balance jan 1
    cash balance dec31
    Debit Credit Prior year
    $ 4,650 $ 65,900
    $ 6,600 $ 25,750
    $ 5,450 $ 20,300
    $ 60,850 $ 152,600
    $ 14,950 $ (47,750)
    $ 216,800

    $ 10,100 $ 23,200
    $ (3,300) $ 3,900
    $ 12,700 $ 76,000
    $ 36,400 $ 67,500
    $ 32,500 $ 46,200
    $ 216,800

    $ 43,450

    $ 9,300
    $ 52,750

    $ (60,850)

    $ 12,750
    $ 4,650
    $ 65,900
    $ 70,550

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