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XACC/291 principles of Accounting 11
Mary E. Lambert
August 28, 2015
Week 8
Exercise E13-8
Taguchi Company Statement of Cash Flows(Indirect method)
December 31, 2011
Operating Activities (Cash Flows)
Net Income……….103,000
Operating Cash Activities (Adjustments to receive Net Income to Net Cash)
Accounts Receivable (Increase)………9,000
Inventory(Decrease)………..19,000
Accounts Payable (Decrease) …..8,000
Totals (Decrease)………18,000
Operating Activities (Net Cash)…………..121,000
Investing Activities (Cash Flows)
Land(Sell)…………..25,000
Equipment(Purchased)…………60,000
Investing Activities (Net Cash) …………….85,000
Financing Activities (Cash Flows)
Bonds(Redemption)………..50,000
Common Stock (Sale)……………42,000
Dividends (payments)………..45,000
Financing Activities (Net Cash) ……………37,000
Cash (Net Increase)…………51,000
Beginning Period (Cash)………..22,000
Ending Period (Cash)………..73,000
Investing and Financing Activities (Non-Cash)……0
Exercise E14-3
Horizontal Analysis:
Assets: Amount Percent
Current Assets: $6,000 7.5%
Plant Assets: $9,000 10%
Intangibles: $13,000 32.5%
Total Assets: $10,000 4.8%
Liabilities and Stockholders’ Equity:
Current Liabilities: $6,000 12.5%
Long-term Liabilities: $7,000 4.7%
Stockholders’ Equity: $3,000 25%
Total Liabilities and Stockholders’ Equity $10,000 4.8%
Vertical Analysis: Amount Percent
Current Assets: $74,000 37%
Plant Assets: $99,000 49.5%
Intangibles: $27,000 13.5%
Total Assets:...