Statement of Cash Flows Template Using Indirect Method by apl62599


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									Instructions for the Microsoft Excel Templates

Be advised, the worksheet and workbooks are not protected.

Extensive detail and information is contained within the manual.

Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant and bring up one of
several help menus.

You should enter your name, course ID, date, and instructor's name into the cells at the top of the page.

Each page contains a page footer with a Page # of Page ## as well as time and date to assist in assembly of multiple pages.

Each worksheet contains the identification of the problem or exercise.

All formatting should have been accomplished to provide satisfactory presentation. See the text for additional assistance in

If more than one page is required by the problem, the page breaks are preset.

In general, the yellow highlighted cells are the cells which work and effort should be presented.

Place the proper account title in the cell where the word "Account title" appears on the template.

Place the value in the cell where the word "Value" or "Amount" appears on the template. A formula may be placed in some
of these cells.

Write a formula into cells where the word "Formula" appears. In these cells, an amount calculated can be entered. An amount
can be placed in these cells.

Place the explanation for the entry in the cell where the word "Text Explanation" appears on the template.

Insert the account number where "Acct Nbr" appears on the template during posting.

Insert the journal reference where "JOURN #" appears on the template during posting.

Insert the title in the cell where "TITLE" appears on the template.

The print area is defined to fit onto 8 1/2" X 11" sheets in portrait or landscape mode as required.

The gray filled cells define the perimeter of the problem and the print area.

The problem is formatted for whole dollars with comma separations (no cents) except where required.

The display may have "Freeze Pane" invoked so column titles remain visible during data entry.

Negative values may be shown as ($400) or -$400.

Consider using "Split" panes to assist in copy and paste of data.

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Much of the exercises and problems can have data entered by the "look to" or "=A34" type formula where cell A34 contains
the data to be entered. This precludes typing and data entry errors.

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      Name:                                                        Date:
 Instructor:                                                    Course:
Financial Accounting, Fifth Edition by Kimmel, Weygandt, and Kieso
Solving Financial Accounting Problems Using Microsoft Excel for Windows
                               by Rex A Schildhouse
P12-3A, Prepare the operating activities section—indirect method.
The income statement of Grider Company is presented here.
                                                GRIDER COMPANY
                                                  Income Statement
                                        For the Year Ended November 30, 2010
                 Sales                                                                   $7,700,000
                 Cost of goods sold
                 Beginning inventory                                   $1,900,000
                 Purchases                                              4,400,000
                 Goods available for sale                               6,300,000
                 Ending inventory                                       1,400,000
                 Total cost of goods sold                                                 4,900,000
                 Gross profit                                                             2,800,000
                 Operating expenses
                 Selling expenses                                         450,000
                 Administrative expenses                                  700,000         1,150,000
                 Net income                                                              $1,650,000
Additional information:
  1. Accounts receivable increased            $300,000         during the year, and inventory decreased      $500,000
  2.  Prepaid expenses increased              $150,000     during the year.
  3. Accounts payable to suppliers of merchandise decreased                 $350,000      during the year.
  4. Accrued expenses payable decreased                  $100,000       during the year.
  5. Administrative expenses include depreciation expense of                $80,000

Prepare the operating activities section of the statement of cash flows for the year ended
November 30, 2010, for Grider Company, using the indirect method.

                                                GRIDER COMPANY
                                           Partial Statement of Cash Flows
                                       For the Year Ended November 30, 2010
                  Cash flows from operating activities
                   Net income                                                                Amount
                   Adjustments to reconcile net income to net cash
                      provided by operating activities
                       Title                                              Amount
                       Title                                              Amount
                       Title                                              Amount
                       Title                                              Amount
                       Title                                              Amount
                       Title                                              Amount             Formula
                       Net cash provided by operating activities                             Formula

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