Statement of Cash Flow
|
Chrisman Company |
|
Statement of Cash Flows |
|
|
For the Year Ended December 31, 2017 |
|
| Particulars | Amount |
| Net Income |
$34,500 |
| Adjustment to reconcile net income to net cash provided by operating activities: | |
| Depreciation expenses |
($47,300) |
| Increase in account receivables |
6,700 |
| Decrease in inventory |
(14,300) |
| Increase in prepaid rent |
4,100 |
| Increase accounts payable |
2,700 |
| Decrease in income taxes payable |
(2,700) |
| Net cash provided by operating activities |
($50,800) |
| Cash from Investing Activities | |
| Issuance of short-term notes payable |
13,500 |
| Cash Flows from Financing Activities | |
| Issuance of bonds payable |
(34,000) |
| Issuance of short-term notes payable |
13,500 |
| Issuance of common stock |
67,500 |
| Net cash provided by financing activities |
47,000 |
| Net decrease in cash |
($16,600) |
| Cash balance, Decrease 31, 2016 |
$13,500 |
| Cash balance, Decrease 31, 2017 |
($3,100) |
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