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Chemalite (B)

Net income was $118,995 and non-cash expenses included depreciation of $61,625 and amortization of $25,000. Cash provided by operations was -$4510. Cash used for property and equipment was -$907,500, but $215,500 was received from asset sales, resulting in -$692,000 cash from investing. Cash from financing activities was $674,000 from debt and stock transactions. Overall, cash decreased -$103,510 leaving $9,490 at year-end.

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Aimane Beggar
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57 views1 page

Chemalite (B)

Net income was $118,995 and non-cash expenses included depreciation of $61,625 and amortization of $25,000. Cash provided by operations was -$4510. Cash used for property and equipment was -$907,500, but $215,500 was received from asset sales, resulting in -$692,000 cash from investing. Cash from financing activities was $674,000 from debt and stock transactions. Overall, cash decreased -$103,510 leaving $9,490 at year-end.

Uploaded by

Aimane Beggar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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Chemalite (B) Statement of Cash Flows Amount

Net income $118,995


adjustments to reconcile Income to Cash
Depreciation $61,625
Amortization $25,000
Deferred Tax Incom $26,730
Gain on sales of Fixed Assets -$24,250 not cash in
Cash provided by curent assets and liabilities $256,600
Account Receivable -$70,030
Inventories - Raw Materials -$20,450
Inventories - Finished Goods -$104,680
Prepaid Insurance -$65,000
Tax Payable -$950
Net Cash provided by Operating Activities -$4510
Property, Plant & Equipment (PP&E) -$907,500
Proceeds of Sale Machines $215,500
Net Cash Provided by Investing Activities -$692,000
Treasury Stock $26,000
Short-term Debt $200,000
Dividends Paid $10,000
Long-term Debt $510,000
Net Cash Provided by Financing Activities $674,000

Increase (decrease) in Cash -$103,510


Cash befinning of year $113,000
Cash ending of year $9,490

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