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P 13-9A - Solution

SINJH SA's operating activities provided €184,350 in cash as net income of €172,900 was adjusted for non-cash expenses like depreciation of €45,000 and changes in working capital. Investing activities used €93,500 due to purchases of long-term investments and equipment. Financing activities used €38,900 as cash dividends exceeded new share sales and bond redemptions, resulting in a net increase in cash of €51,950 for the year.

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72 views1 page

P 13-9A - Solution

SINJH SA's operating activities provided €184,350 in cash as net income of €172,900 was adjusted for non-cash expenses like depreciation of €45,000 and changes in working capital. Investing activities used €93,500 due to purchases of long-term investments and equipment. Financing activities used €38,900 as cash dividends exceeded new share sales and bond redemptions, resulting in a net increase in cash of €51,950 for the year.

Uploaded by

Michelle Gracia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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P 13-9A

SINJH SA
Statement of Cash Flows
For the Year Ended December 31, 2017

Cash flows from operating activities


Net income ........................................................................................... €172,900
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense ................................................................ €45,000
Gain on disposal of plant assets ................................................. (5,000)
Increase in accounts receivable ................................................. (59,800 )
Increase in inventory ................................................................. (9,650)
Increase in prepaid expenses ..................................................... (3,300)
Increase in accounts payable ..................................................... 44,700
Decrease in accrued expenses payable ......................................... (500) 11,450
Net cash provided by operating activities .................................... 184,350

Cash flows from investing activities


Sale of equipment................................................................................. 12,500
Purchase of long-term investments ...................................................... (26,000)
Purchase of equipment ......................................................................... (80,000)
Net cash used by investing activities .................................................... (93,500)

Cash flows from financing activities


Sale of ordinary shares ........................................................................ 45,000
Redemption of bonds .......................................................................... (40,000)
Payment of cash dividends .................................................................. (43,900)
Net cash used by financing activities ........................................... (38,900)

Net increase in cash ....................................................................................... 51,950


Cash at beginning of period ........................................................................... 48,400
Cash at end of period ..................................................................................... €100,350

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