a
Ex. 182
The following information is available for Yates Corporation:
Capital expenditures$115,000
Cash dividends65,000
Cash provided by operations200,000
Net income130,000
Sales revenue600,000
Instructions
Compute Yates Corporation's free cash flow.
a
Ex. 183
Jenner Company has begun a worksheet for preparing a statement of cash flows. The following additional information is provided:
1.Cash dividends of $15,000 were paid during the year.
2.Land which originally cost $60,000 was sold for $55,000.
3.Ordinary shares were issued at par value for cash.
Instructions
Complete the worksheet for Jenner Company.
JENNER COMPANY
Worksheet
Statement of Cash Flows
For the Year Ended December 31, 2014
BalanceReconciling ItemsBalance
Accounts Statement of Financial
Position12/31/13DebitsCredits12/31/14
Debits
Land60,000-0-
Equipment131,000145,000
Inventory90,000110,000
Accounts receivable40,00058,000
Cash 30,000 55,000
Total351,000368,000
Credits
Share capital-ordinary170,000180,000
Retained earnings 60,000 71,000
Bonds payable25,00010,000
Accumulated depreciation—
equipment81,00095,000
Accounts payable 15,000 12,000
Total351,000368,000
Statement of Cash Flows Effects
Operating activities
Net income26,000