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    Lindsay, Inc. Statement of Cash Flows For Year Ended December 31, Year 4 Operations

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    Yu Babylan
    Lindsay Inc.'s statement of cash flows for the year ended December 31, Year 4 shows cash provided by operations of $83,700 through net income, non-cash expenses, and changes in working capital accounts. Cash used in investing activities was $76,100, which included proceeds from selling land and securities, but was primarily used to acquire equipment. Cash provided by financing activities was $114,000 from issuing bonds, though $16,000 was paid out in dividends. In total, cash increased by $121,600 over the year.

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    Lindsay, Inc. Statement of Cash Flows For Year Ended December 31, Year 4 Operations

    Uploaded by

    Yu Babylan
    37 views1 page
    Lindsay Inc.'s statement of cash flows for the year ended December 31, Year 4 shows cash provided by operations of $83,700 through net income, non-cash expenses, and changes in working capital accounts. Cash used in investing activities was $76,100, which included proceeds from selling land and securities, but was primarily used to acquire equipment. Cash provided by financing activities was $114,000 from issuing bonds, though $16,000 was paid out in dividends. In total, cash increased by $121,600 over the year.

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    Lindsay Inc.'s statement of cash flows for the year ended December 31, Year 4 shows cash provided by operations of $83,700 through net income, non-cash expenses, and changes in working capital accounts. Cash used in investing activities was $76,100, which included proceeds from selling land and securities, but was primarily used to acquire equipment. Cash provided by financing activities was $114,000 from issuing bonds, though $16,000 was paid out in dividends. In total, cash increased by $121,600 over the year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    37 views1 page

    Lindsay, Inc. Statement of Cash Flows For Year Ended December 31, Year 4 Operations

    Uploaded by

    Yu Babylan
    Lindsay Inc.'s statement of cash flows for the year ended December 31, Year 4 shows cash provided by operations of $83,700 through net income, non-cash expenses, and changes in working capital accounts. Cash used in investing activities was $76,100, which included proceeds from selling land and securities, but was primarily used to acquire equipment. Cash provided by financing activities was $114,000 from issuing bonds, though $16,000 was paid out in dividends. In total, cash increased by $121,600 over the year.

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    Lindsay, Inc.

    Statement of Cash Flows


    For Year Ended December 31, Year 4
    Operations
    Net Income
    Depreciation Expense

    $127,796
    2,500

    Bond Discount

    300

    Deferred Income Taxes

    672

    Gain on Sale of Land


    Gain on Sale of Marketable Securities
    Equity in Undistributed Earnings of Carter Company ($11,760 - $240)
    Increase in Accounts Payable

    (21,400)
    (4,800)
    (11,520)
    78,452

    Increase in Accounts Receivable

    (42,000)

    Increase in Inventory

    (45,300)

    Decrease in Warranty Payable

    (1,000)

    Cash Flow from Operations

    $83,700

    Investing
    Sale of Land
    Sale of Marketable Securities
    Acquisition of Equipment
    Cash Flow from Investing

    $64,000
    22,900
    (163,000)
    ($76,100)

    Financing
    Issue of Bonds

    $130,000

    Dividend Paid

    (16,000)

    Cash Flow from Financing


    Change in Cash
    Cash, Beginning of Year
    Cash, End of Year

    $114,000
    $121,600
    50,100
    $171,700

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