| All negative cash outlflows should be entered as a negative number including a net loss |
| Carpet Company- Statement of Cash Flows (Direct Method) For Year Ending Dec. 31, 2010 |
| Cash Flow from Direct Operating Activities |
| Cash flows from operating: |
| | Cash received from customers: |
| | Cash paid for merchandise: |
| | Cash paid for wages/other operating expenses: | | | | | | | |
| | Cash paid for income taxes: | | | | | | | |
| Net cash flow - operating activities: (Total) | | | | | | | | 0 |
| | | | | | | |
| Cash flows from investing: |
| Cash paid for equipment: _________ |
| Net cash flow - operating activities: (Total) -------------------------------------à +I15 | | | | | | | | 0 |
| Cash flows from financing: |
| | Cash received from issuing stock: ________ |
| | Cash paid for Dividends: ________ |
| Net cash flow financing activities: ------------------------------------------------à +I19+I20 | | | | | | | | 0 |
| | | | | | | | Reconciliation Statement of Cash Flows (Direct Method)- For Year Ending Dec. 31, 2010 |
| | | | | · Net increase in cash from 2009 to 2010: __________ | | | | | | 0 |
| | | | | · Cash balance at prior year (2009): __________ | | | | | | 0 |
| | | | | · Cash balance at current year-end (2010): __________ | | | | | | 0 |
| | | | See: Next page for Carpet Company- Statement of Cash Flows (Indirect Method) For Year Ending Dec. 31, 2010 |
| Carpet Company- Statement of Cash Flows (Direct Method) For Year Ending Dec. 31, 2010 |
| Cash flows from operating: |
| | Net income:________ | | | | | | | |
| | The following are the adjustments | | | | | | | |
| | to reconcile net income to cash provided by operations. | |
| | Adjustment in accounts receivables: ________ |
| | Adjustment in merchandise inventory: ________ |
| | Adjustment in accounts payable: ________ |
| | Adjustment in income taxes payable: ________ |
| | Add back depreciation expense: ________ |
| | Net cash flow - operating activities: (Total) ----------------------à _______________ | | | | | | | 0 |
| | (Cash flow from Investing and from financing activities and reconciliation are the same under direct and indirect methods) |
| Cash flows from investing: |
| Cash paid for equipment: _________ |
| Net cash flow - operating activities: (Total) -------------------------------------à +I15 | | | | | | | | 0 |
| Cash flows from financing: |
| | Cash received from issuing stock: ________ |
| | Cash paid for Dividends: ________ |
| Net cash flow financing activities: ------------------------------------------------à +I19+I20 | | | | | | | | 0 |
| | | | | | | | Reconciliation Statement of Cash Flows (Direct Method)- For Year Ending Dec. 31, 2010 |
| | | | | · Net increase in cash from 2009 to 2010: __________ | | | | | | 0 |
| | | | | · Cash balance at prior year (2009): __________ | | | | | | 0 |
| | | | | · Cash balance at current year-end (2010): __________ | | | | | | 0 |
| For Indirect Method- Cash Flow Rules- These rules are based on comparison of a previous year's balance sheet to a current balance sheet and apply to the |
| assets and liabilities line items from a previous year's balance to a current year's balance. |
| Cash Flow Rules are: |
| If Assets go up from the previous year to the current year, it is a use of cash (Company increased assets and decreased cash) |
| If Assets go down from the previous year to the current year, it is a source of cash (Company sold assets and increased cash) |
| If Liabilities go up from the previous year to the current year, it is a source of cash (Company increased its cash flow by using debt) |
| If Liabilities go down from the previous year to the current year, it is a use of cash (Company decreased cash flow by paying debt) |
lar.ro
cash_flows_2013revision.xlsx
