Finance Cash flow statement - Statement of cash flows

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Finance Cash flow statement - Statement of cash flows Powered By Docstoc
					              Sub: Finance                                                               Topic: Cash flow statement

              Question:

              Statement of cash flows that explains the change that occurred in

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              cash.
              Prepare statement of cash flows (indirect method) using balance sheet data Following are
              comparative balance sheets for Millco, Inc., at January 31 and February 28, 2009:

                                                                  MILLCO, INC.
                                                                 Balance Sheets
                                                        February 28 and January 31, 2009

              Assets                                                                                    February 28         January 31

              Cash                                                                                               $          $ 37,000
              …………………………………………………………………………………………………..                                                       42,000

              Accounts receivable                                                                           64,000              53,000
              …………………………………………………………………………..

              Merchandise inventory                                                                         81,000              94,000
              ……………………………………………………………………..

                        Total current assets ………………………………………………………………                                    $187,000
                                                                                                                      
				
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Description: Statement of cash flows that explains the change that occurred in cash - Prepare statement of cash flows (indirect method) using balance sheet data Following are comparative balance sheets for Millco, Inc.,
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