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sheyitqan
Problem16-34A.docx|
ROLLING HILLS, INC. |
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Statement of Cash Flows |
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Year Ended December 31, 2015 |
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Cash Flows from Operating Activities: |
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Net Income |
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$ 97,800 |
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Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |
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Depreciation Expense—Plant Assets |
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Increase in Accounts Receivable |
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Decrease in Merchandise Inventory |
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Increase in Accounts Payable |
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Decrease in Accrued Liabilities |
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Net Cash Provided by Operating Activities |
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Cash Flows from Investing Activities: |
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Acquisition of Equipment for Cash |
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Net Cash Used for Investing Activities |
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Cash Flows from Financing Activities: |
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Cash Receipt from Issuance of Common Stock |
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Cash Payment of Notes Payable |
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Cash Payment of Dividends |
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Net Cash Used for Financing Activities |
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Net Increase (Decrease) in Cash |
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Cash Balance, December 31, 2014 |
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Cash Balance, December 31, 2015 |
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Non-cash Investing and Financing Activities: |
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Acquisition of Land by issuing Long-term Notes Payable |
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Total Non-cash Investing and Financing Activities |
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