Legal

Accounting- Dr. Mansibag

Submitted by: Philip C. Evardone Jr.

CASE 8-2: Best Class Company

A. STATEMENT OF CASH FLOW FROM OPERATING ACTIVITIES

Net Income (Loss)
Add: Depreciation
Operating income before working capital changes
Add: Decrease (Increase) in Current Assets
Accounts Receivable
Inventory
Prepaid Expenses
Add: Increase (Decrease) in Current Liabilities
Accounts Payable
Accrued Liabilities
Deferred taxes
Cash generated from operations
Income taxes paid
Net cash provided by operating activities

Php 77,000.00
32,000.00
Php 109,000.00

16,000.00
(18,000.00)
(7,000.00)

26,000.00
(4,000.00)

14,000.00
Php 136,000.00

(7,000.00)

Php 129,000.00

B. STATEMENT OF CASH FLOW FROM INVESTING ACTIVITIES

Acquisition of long-term investments
Acquisition of plant and equipment
Net cash used by investing activities

Php (20,000.00)

(70,000.00)
Php (90,000.00)

C. STATEMENT OF CASH FLOW FROM FINANCING ACTIVITIES

Payments related to bond maturities
Infusion of equity
Dividend payments
Net cash used by financing activities

Php (20,000.00)

30,000.00
(37,000.00)
Php (27,000.00)

Legal Accounting- Dr. Mansibag

Submitted by: Philip C. Evardone Jr., 3-A

Case 8-3: Chemical Products, Inc.

Chemical Products, Inc.
Statement of Cash Flow
For the Year Ended December 31, 2011
Cash Flow from Operating Activities:

Net Income
Add: Depreciation
Cash Flow from Operations
Add: Decrease (Increase) in Current Assets
Accounts Receivable
Merchandise Inventory
Other Assets
Add: Increase (Decrease) in Current Liabilities
Accounts Payable
Acceptances Payable
Bank Loans Payable
Other Liabilities
Net cash provided by operating activities
Cash Flow from Investing Activities:
Acquisition of Temporary Investment
Acquisition of Property and Equipment
Net cash used by investing activities
Cash Flow from Financing Activities:
Net cash used by financing activities
Net Increase (Decrease) in Cash
Add:Cash, January 1, 2011
Cash, December 31, 2011

Php 4,087.00
2,774.00
Php 6,861.00
(3,104.00)

(870.00)
9.00
(2,872.00)

727.00
929.00
(8.00)
Php 1,672.00
(1,329.00)

Php (710.00)

Php (2,039.00)
Php 0.00
Php (367.00)

19,174.00
Php 18,807.00