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2022 Cash Flow Statements for Companies

The document presents the Statement of Cash Flow for SINJH Technology Inc. and Smart Info Company for the year ended December 31, 2022. SINJH Technology Inc. reported a total cash change of $42,400, resulting in a cash balance of $90,800, while Smart Info Company had a total cash change of $26,000, leading to a cash balance of $71,000. Both companies provided detailed breakdowns of cash flows from operating, investing, and financing activities.

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26 views2 pages

2022 Cash Flow Statements for Companies

The document presents the Statement of Cash Flow for SINJH Technology Inc. and Smart Info Company for the year ended December 31, 2022. SINJH Technology Inc. reported a total cash change of $42,400, resulting in a cash balance of $90,800, while Smart Info Company had a total cash change of $26,000, leading to a cash balance of $71,000. Both companies provided detailed breakdowns of cash flows from operating, investing, and financing activities.

Uploaded by

techcloudsales
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Problem: 1

SINJH Technology Inc.


Statement of Cash flow

For the year ended December 31, 2022

Particulars $ $
Cash flow from Operating Activities
Net Income 158,900
(-) Increase in A/R (92,800 – 33,000) (59,800)
(-) Increase in inventory (112,500 – 102,850) (9,650)
(-) Increase in prepaid expense (28,400 – 26,000) (2,400)
(+) Increase in A/P (112,000 – 67,300) 44,700
(-) Decrease in accrued expense payable (17,000 – 16,500) (500)
(+) Depreciation Expense 46,500
(+) Loss on Sale of Plant Assets 7,500
Net cash flow from operating activities 185,250

Cash flow from Investing Activities


New investments (138,000 – 114,000) (24,000)
Sale of plant asset 1,500
Purchase of plant asset (85,000)
Net cash flow from Investing Activities (107,500)
Cash flow from Financing Activities
Cash dividend paid (40,350)
Redemption of bond payable (150,000 – 110,000) (40,000)
Issue of common stock (220,000 – 175,000) 45,000
Net cash flow from Financing Activities (35,350)
Total Cash changes during the year 42,400
Cash Balance, January 1, 2022 48,400
Cash Balance, December 31, 2022 90,800
Problem - 2

Smart Info Company

Statement of Cash flow

For the year ended December 31, 2022

Particulars $ $
Cash flow from Operating Activities
Net Income 37,000
(+) Decrease in A/R (62,000 – 44,000) 18,000
(-) Increase in inventory (151,450 – 142,000) (9,450)
(+) Decrease in prepaid expense (21,000 – 15,280) 5,720
(+) Increase in A/P (47,730 – 40,000) 7,730
(+)Depreciation Expense 42,000
(+) Loss in sale of equipment (10,000 – 6000) 4,000
Net cash flow from operating activities 105,000

Cash flow from Investing Activities


Sale of land (130,000 – 105,000) 25,000
Sale of equipment 6,000
Purchase of equipment (95,000)
Net cash flow from Investing Activities (64,000)
Cash flow from Financing Activities
Cash dividend paid (15,000)
Net cash flow from Financing Activities (15,000)
Total Cash changes during the year 26,000
Cash Balance, January 1, 2022 45,000
Cash Balance, December 31, 2022 71,000

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