Mortoson plc

Statement of Cash Flows

For the Year Ended December 31, 2019

Cash flows from operating activities

Cash received from customers 3,520 *
Less: Cash Payments
Purchase for merchandise 1,270 *
Salaries and benefits 725
Heat, light and power 75
Property taxes 80
Miscellaneous expense 10
Interest 30
Income taxes 808 * 2,937
Net cash provided by operating activities 583

Cash flows from investing activities

Sale of non-trading equity investment 40
Purchase of land -80
Purchase of buildings and equipment -310
Net cash used by financing activities -350

Net increase in cash 233

Cash at beginning period 100
Cash at end of period 333

Computations
Sales revenue 3,800
Deduct ending account receivable 780
Add beginning account receivable 500
Cash receipts from collecting customers 3,520

Cost of goods sold 1,200

Add ending inventory 720
Goods available for sale 1,920
Deduct beginning inventory 560
Purchases 1,360
Deduct ending account payable 420
Add beginning account payable 330
Cash purchases 1,270

Income taxes expense 818

Deduct ending income taxes payable 40
Add beginning income taxes payable 30
Income taxes 808
 Michaels Ltd
Statement of Cash Flows
For the Year Ended December 31, 2019

Cash flows from operating activities

Cash received from customers 1,152,450
Dividend received 2,400 1,154,850
Less: Cash payments
To suppliers 765,000
For operating expenses 226,350
For taxes 38,400
For interest 57,300
Net cash provided by operating activities 67,800

Cash flows from investing activities

Sale of short-term equity investment 12,000
(8.000+4.000)
Sale of land 58,000
(175.000-125.000 + 8.000)
Purchase of equipment -125,000
Net cash used by investing activities -55,000

Cash flows from financing activities

Issuance of ordinary shares 27,500
Payment of long term debt -10,000
Dividens paid -24,300
Net cash used by financing activities -6,800

Net increase in cash 6,000

Cash at beginning period 4,000
Cash at end of period 10,000

Sales revenue 1,160,000

Deduct ending account receivable 20,500
Add beginning account receivable 12,950
Cash receipts from collecting customers 1,152,450

Cost of goods sold 748,000

Add ending inventory 42,000
Goods available for sale 790,000
Deduct beginning inventory 35,000
Purchases 755,000
Deduct ending account payable 22,000
Add beginning account payable 32,000
Cash to suppliers 765,000
Operating expenses 276,400
Depreciation expense -40,500
Decrease in prepaid rent -9,000
Increase in prepaid insurance 1,200
Increase in office supplies 250
Increase in salaries and wages payable -2,000
Cash Payments for operating expenses 226,350

Income taxes expense 39,400

Deduct ending income taxes payable 5,000
Add beginning income taxes payable 4,000
Income taxes 38,400

Interest expense 51,750

Amortization bonds premium 5,550
Interest 57,300
Net cash flow from operating activities
Cash received from customers 524,850
Less: Cash payments
To suppliers 375,750
For operating expenses 105,675 481,425
Net cash provided by operating activities 43,425

Sales revenue 540,000

Deduct ending account receivable 70,500
Add beginning account receivable 60,000
Writeoff of accounts receivable (1.500+5.400-2.250) 4,650
Cash receipts from collecting customers 524,850

Cost of goods sold 380,000

Add ending inventory 30,000
Goods available for sale 410,000
Deduct beginning inventory 24,000
Purchases 386,000
Deduct ending account payable 35,000
Add beginning account payable 24,750
Cash to suppliers 375,750

Operating expenses 120,450

Depreciation expense -8,625
Increase in accrued payable -750
Bad debt expense -5,400
Cash Payments for operating expenses 105,675

Marcus AG
Statement of Cash Flows
For the Year Ended December 31, 2019

Cash flows from operating activities

Net income 42,500
Adjustments to reconcile net income
to net cash provided by operating activities
Depreciation expense 8,625
Gain on sale of investments -3,750
Loss on sale of machinery 800
Increase in account receivable -9,750
Increase in inventory -6,000
Increase in account payable 10,250
Increase in accrued payable 750 925
Net cash provided by operating activities 43,425
Cash flows from investing activities
Purchase of non-trading equity investment -8,750
(22.250-(38.500-25.000))
Purchase of machinery -15,000
(30.000-(18.750-3.750))
Sale of investments 28,750
Sale of machinery 2,200
Addition of building -11,250
Net cash used by investing activities -4,050
Cash flows from financing activities
Reduction long-term notes payable -10,000
Cash dividends -21,125
Net cash used by financing activities -31,125

Net increase in cash 8,250

Cash at beginning period 33,750
Cash at end of period 42,000
 Champan Company
Statement of Cash Flows
For the Year Ended May 31, 2019

Cash flows from operating activities

Cash received from customers 1,238,250
Less: Cash payments
To suppliers 684,000
To employees 276,850
For other expense 10,150
For interest 73,000
For income taxes 43,000 1,087,000
Net cash provided by operating activities 151,250

Cash flows from investing activities

Purchase of plant asset -28,000

Cash flows from financing activities

Issuance of ordinary shares 20,000
Cash dividends -105,000
Retire bonds payable -30,000
Net cash used by financing activities -115,000
Net increase in cash 8,250
Cash at beginning period 20,000
Cash at end of period 28,250

Note : Non-cash investing and financing activities

Issuance of ordinary shares for plant asset 70.000

Computations:
Sales revenue 1,255,250
Increase in accounts receivable 17,000
Cash received from customers 1,238,250

Cost of goods sold 722,000

Decrease in inventory -30,000
Increase in accounts payable -8,000
Cash to suppliers 684,000

Salaries and wages expense 252,100

Decrease salaries and wages payable 24,750
Cash to employees 276,850

Other expense 8,150

Increase in prepaid expense 2,000
Cash for other expense 10,150
 Interest expense 75,000
Increase in interest payable -2,000
Cash for interest 73,000

Champan Company
Statement of Cash Flow
For the Year Ended May 31, 2019

Cash flows from operating activities

Net income 130,000
Adjustments to reconcile net income
to net cash provided by operating activities
Depreciation expense 25,000
Decrease in inventory 30,000
Increase in prepaid expense -2,000
Increase in accounts receivable -17,000
Increase in accounts payable 8,000
Decrease in salaries and wages payable -24,750
Increase in interest payable 2,000 21,250
Net cash provided by operating activities 151,250