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					                            MAVENIR TECHNOLOGIES INC.
                      Statement of Cash Flows (indirect method)
                        For the Year Ended December 31, 2010

Cash flows from operating activities:
Net income                                                                         75,520
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation                                                                         9,200
Gain on sale of investments                                                        -20,000
Changes in current operating assets and liabilities:
Increase in accounts receivable                                                     -9,440
Increase in inventories                                                            -12,320
Increase in accounts payable                                                        11,760
Decrease in accrued expenses payable                                                -5,200
      Net Cash flow from operating activities
Cash flows from investing activities:
Cash received from sale of investments                                             140,000
Cash paid for purchase of Land                                                    -164,000
Cash paid for purchase of equipment                                                -76,000
     Net Cash used for investing activities
Cash flows from financing activities:
Cash received from sale of Common stock                                           116,000
Cash paid for dividends (48,000 + 9,600 - 12,000)                                 -45,600
     Net Cash flow from financing activites
Net increase in cash
Add beginning cash balance
Ending cash balance
 49,520




-100,000




 70,400
 19,920
292,960
312,880
The comparative balance sheet of mavenir Technologies Inc. for December 31, 2010 and 2009, is shown as
follows:. Assets Dec. 31, 2010 Dec. 31, 2009 Cash $312,880.00 $292,960.00 Accounts receivable (net)
$113,920.00 $104,480.00 Inventories $320,880.00 $308,560.00 Investments $- $120,000.00 Land
$164,000.00 $- Equipment $352,560.00 $276,560.00 Accumulated depreciation-equipment $(83,200.00)
$(74,000.00) $1,181,040.00 $1,028,560.00 Liabilities and Stockholders' Equity Accounts payable
(merchandise creditors)$214,240.00 $202,480.00 Accrued expenses payable (operating expenses) $21,120.00
$26,320.00 Dividends payable $12,000.00 $9,600.00 common stock, $10 par $64,000.00 $48,000.00 paid in
capital in excess of par-common stock $240,000.00 $140,000.00 retained earnings $629,680.00 $602,160.00
$1,181,040.00 $1,028,560.00 The following additional information was talen from the records: a. the
investments were sold for $140,000 cash b. Equipment and land were acquired for cahs c. there were no
disposals of equipment during the year d. the common stock was issued for cash. e. there was $75,520 credit

				
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