Diaz Company had the following comparative balance sheet information at the end of Year 2 and Year 1: Diaz Company Comparative Balance Sheets Cash Accounts receivable Inventory Prepaid insurance Property, plant and equipment Accumulated depreciation Total Accounts payable Bonds payable Common stock Retained earnings Total Year 2 $ 31,900 44,200 165,600 11,900 73,800 (15,900) $ 311,500 Net cash flow from financing activities $ 17,800 91,900 141,900 59,900 $ 311,500 Required: Calculate Diaz's cash flow from financing activities for Year 2. Note: Enter cash outflows with a minus sign. Year 1 $ 29,900 48,100 157,900 11,800 58,100 (6,200) $ 299,600 Diaz reported net income for Year 2 of $41,900. There were no sales or disposals of property, plant, and equipment during the year. Diaz uses the indirect method to prepare the statement of cash flows. $ 19,900 121,900 121,900 35,900 $ 299,600
Diaz Company had the following comparative balance sheet information at the end of Year 2 and Year 1: Diaz Company Comparative Balance Sheets Cash Accounts receivable Inventory Prepaid insurance Property, plant and equipment Accumulated depreciation Total Accounts payable Bonds payable Common stock Retained earnings Total Year 2 $ 31,900 44,200 165,600 11,900 73,800 (15,900) $ 311,500 Net cash flow from financing activities $ 17,800 91,900 141,900 59,900 $ 311,500 Required: Calculate Diaz's cash flow from financing activities for Year 2. Note: Enter cash outflows with a minus sign. Year 1 $ 29,900 48,100 157,900 11,800 58,100 (6,200) $ 299,600 Diaz reported net income for Year 2 of $41,900. There were no sales or disposals of property, plant, and equipment during the year. Diaz uses the indirect method to prepare the statement of cash flows. $ 19,900 121,900 121,900 35,900 $ 299,600
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PB
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