Cash Flow Template 2012 Update
2
____________Turner Inc.__________________ Statement of Cash Flow For the year ended Dec 31st , 2012 Cash flows from Operating Activities DIRECT INDIRECT Cash collections from customers 56,000 Net income Cash paid for merchandise (12,100) Adjustments to reconcile net income to net o Cash paid for operating expense (25,000) Amortization expense Cash paid for interest - Gain/Loss on Sale of Assets Cash paid for income taxes (2,700) Dividends Received - Goodwill amortization Change in prepaid rent Net inflow from operating: 16,200 Change in taxes payable Change in wages payable Change in accounts receivable Change in inventory Change in prepaid insurance Change in office supplies Change in accounts payable Change in interest payable Net inflow from operating: Net Cash inflow from operating activities Cash flows from Investing Activities Cash paid for equipment (6,000) Cash received on the sale of equipment 2,500 Cash paid for investments - Cash received on sale of investments - Net cash outflow from investing activities: Cash flows from financing activities: Cash paid for reduction of bonds/long term debt: - Cash received on issuance of bonds/long term debt - Cash received on issuance of shares 2,000 Cash paid for redemption of shares - Cash paid for dividends (6,100) Cash paid/received on short term debt Net cash outflow from financing activities Net increase in cash Cash Balance,1st Jan 2012 Cash Balance, 31st Dec 2012 Gain/Loss on Sale of Change in other (accrued)
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Transcript of Cash Flow Template 2012 Update
____________Turner Inc.__________________Statement of Cash Flow
For the year ended Dec 31st , 2012
Cash flows from Operating Activities
DIRECT INDIRECTCash collections from customers 56,000 Net incomeCash paid for merchandise (12,100) Adjustments to reconcile net income to net operating cash:
Cash paid for operating expenses (25,000) Amortization expenseCash paid for interest - Gain/Loss on Sale of AssetsCash paid for income taxes (2,700) Gain/Loss on Sale of InvestmentsDividends Received - Goodwill amortization
Change in prepaid rentNet inflow from operating: 16,200 Change in taxes payable
Change in wages payableChange in accounts receivableChange in inventoryChange in prepaid insuranceChange in office suppliesChange in accounts payableChange in interest payableChange in other (accrued) liabilitiesNet inflow from operating:
Net Cash inflow from operating activities
Cash flows from Investing ActivitiesCash paid for equipment (6,000)Cash received on the sale of equipment 2,500 Cash paid for investments - Cash received on sale of investments -
Net cash outflow from investing activities:
Cash flows from financing activities:Cash paid for reduction of bonds/long term debt: - Cash received on issuance of bonds/long term debt - Cash received on issuance of shares 2,000 Cash paid for redemption of shares - Cash paid for dividends (6,100)Cash paid/received on short term debt
Net cash outflow from financing activities
Net increase in cash
Cash Balance,1st Jan 2012Cash Balance, 31st Dec 2012
____________Turner Inc.__________________Statement of Cash Flow
For the year ended Dec 31st , 2012
10,000 Adjustments to reconcile net income to net operating cash:
2,000 1,000 - - - (200) - 2,000 (400) - - 1,800 - - 16,200
16,200
(3,500)
(4,100)
8,600
36,800 45,400
