Comparative Statement of Changes in Equity

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					                                       RANDOM COMPANY
                                     Comparative Balance Sheets
                                                                          Dec. 31, 2009       Dec. 31, 2008
                           Assets
Cash                                                                  $        62,573 $            10,700
Accounts receivable                                                            14,600               5,600
Prepaid expenses                                                               13,300               9,100
Inventory                                                                      33,000              40,000
Long-term investment in bonds                                                       0              27,000
Equipment                                                                      46,334              45,000
Accumulated amortization—equipment                                            (13,900)            (13,500)
Total assets                                                          $       155,907 $           123,900

               Liabilities and Shareholders' Equity

Accounts payable                                                      $        19,600     $         8,900
Bonds payable                                                                  35,000              25,000
Common shares                                                                  51,820              50,000
Retained earnings                                                              49,487              40,000
     Total liabilities and shareholders' equity                       $       155,907     $       123,900

Additional information:
1 Net income for the year ending December 31, 2009 was                                                        $ 15,000
2 Cash dividends declared and paid during the year.                                                           $ 5,513
3 Long-term investments in bonds that had a book value of             $        27,000 sold for                $ 28,740

Instructions
Prepare a cash flow statement for the year ended December 31, 2009, using the indirect method.

Teachers: to use as an assignment or test simply change the text colour of the SCFP to white or set print
area to print the balance sheets only.



F9 generates a new set of random values. Print out answers if using a particular set otherwise they are gone forever!
                                             RANDOM COMPANY
                                   Statement of Changes in Financial Position
                                         Year ended Dember 31, 2009
Cash flows from operating activities
          Net income
          Adjustments to net income provided by operating activities:                         $   15,000
                     Amortization expense                                       $      400
                     Loss (gain) on sale of long-term investment in bonds           (1,740)
                     Decrease (increase) in accounts receivable                     (9,000)
                     Decrease (increase) in prepaid expenses                        (4,200)
                     Decrease (increase) in inventories                              7,000
                     Increase (decrease) in accounts payable                        10,700         3,160
                     Net cash provided by operating activities                                $   18,160
Cash flows from investing activities
          Sale of long-term investment in bonds                                 $ 28,740
          Purchase of equipment                                                   (1,334)
                     Net cash used by investing activities                                        27,406
Cash flows from financing activities
          Issue of common shares                                                $    1,820
          Purchased (retired) bonds payable                                         10,000
          Payment of cash dividends                                                 (5,513)
                     Net cash used by financing activities                                         6,307
Net change in cash                                                                            $   51,873
Cash at beginning of period                                                                       10,700
Cash at end of period                                                                         $   62,573




                     $       -

				
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