Soal TM 2 Pertemuan 21
Soal-soal
The Statement of Cash Flows
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SOAL TUGAS MANDIRI 21
E 18-1 Antoine Walteau Corporation had the following transactions during
2005.
(1) Issued $50,000 par value common stock for cash
(2) Collected $11,000 of account receivable
(3) Declared and paid a cash dividend of $25,000
(4) Sold a long-term investment with a cost of $15,000 for $15,000 cash.
(5) Issued $200,000 par value common stock upon conversion of bonds
having a face value of $200,000
(6) Paid $14,000 on accounts payable.
(7) Purchased a machine for $30,000, giving a long-term note4 in exchange.
Instructions:
Analyze the transactions above and indicate whether each transaction resulted
in a cash flow from (a) operating activities, (b) investing activities, (c) financing
activities, or (d) noncash investing and financing activities.
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SOAL TUGAS MANDIRI 21
E 18-3 The current sections of Blues Traveler Co, balance sheets at December
31, 2004 and 2005, are presented below.
Blues Traveler Co.
Comparative Balance Sheets (partial)
December 31
Current assets
Cash
Accounts receivable
Inventory
Prepaid expensed
Total current assets
Current liabilities
Accrued expenses payable
Account payable
Total current liabilities
2005
$
$
$
$
105,000
110,00
171,000
27,000
413,000
15,000
88,000
103,000
2004
$
$
$
$
99,000
85,000
186,000
32,000
402,000
500,00
92,000
97,000
Blues Traveler’s net income for 2005 was $163,000. Depreciation expense was
$30,000.
Instructions
Prepare the net cash provided by operating activities section of Blues Traveler’s
statement of cash flows for the year ended December 31, 2005, using the
indirect method.
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SOAL TUGAS MANDIRI 21
E 18-6 An analysis of comparative balance sheets, the current year’s income
statement, and the general ledger accounts of Homer Winslow Corp. uncovered
the following items. Assume all items involeve cash unless there is information
to the contrary.
(1) Issuance of capital stock.
(2) Amortization of patent
(3) Issuance of bonds for land
(4) Payment of interest on not payable
(5) Conversion of bonds into common stock
(6) Sale of land at a loss
(7) Receipt of dividends on investment in stock
(8) Purchases of land
(9) Payment of dividends
(10) Sale of building at book value
(11) Exchange of land for patent
(12) Depreciation
(13) Redemption of bonds
(14) Receipt of interest on notes receivable
Instructions
Indicate how the above items should be classified in the statement of cash
flows using the following four major classifications: operating activity (indirect
method), investing activity, financing activity and significant noncash investing
and financing activity.
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SOAL TUGAS MANDIRI 21
P 18-1A The income statement of Noah’s A rk os shown below
NOA’S ARK
Income Statement
For the Year Ended November 30, 2005
Sales
Cost of goods sold
Beginning inventory
Purchases
Goods available for sale
Ending inventory
Cost of goods sold
Gross profit
Operating Expenses
Selling expenses
Administrative expenses
Net income
$
$
$
$
6,800,00
$
4,900,000
1,900,000
$
1,050,000
850,000
2,000,000
4,300,000
6,300,000
1,400,000
450,000
600,000
Additional information:
1.
A ccounts receivable decreased $230,000 during the year
2.
Prepaid expenses increased $150,000 during the year
3.
A ccounts payable to suppliers of merchandise decreased $200,000 during
the year
4.
A ccrued expenses include depreciation expenses of $90,000
Instructions:
Prepare the operating activities section of the statement of cash flows using the
direct method.
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