Homework Answers
Answer:
| Cash Flow Statement (Indirect Method) | ($2,017) |
| Cash Flow from Operating Activities | |
| Increase in Retained earnings during 2017 | 18000 |
| Add: Cash dividends | 12000 |
| Add: Loss from sale of stock investments | 5000 |
| Add: Depreciation | 4000 |
| Add: Increase in Current Liabilities | 18000 |
| Less: Decrease in Current Liabilities | -8000 |
| Add: Decrease in Current Assets | 2000 |
| Less: Increase in Current Assets | -14000 |
| Net Cash Flow from Operating Activities | 37000 |
| Cash Flow from Investing Activities | |
| Sale proceeds from sale of stock investments | 13000 |
| Less: purchase of Equipments | -30000 |
| Net Cash Flow from Investing Activities | -17000 |
| Cash Flow from Financing Activities | |
| Issue of Common Stock | 17000 |
| Less: Cash Paid for dividends | -12000 |
| Net Cash Flow from Financing Activities | 5000 |
| Total Cash Flow from Activities | 25000 |
| Add: Opening Cash | 13000 |
| Closing Cash | 38000 |
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