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Case 1

A comparative statement of financial position for Hartman Corporation is presented below:

HARTMAN CORPORATION

Comparative statement of financial position

2014 2013

Assets

Land 18,000 40,000

Equipment 70,000 60,000

Accumulated depreciation (20,000) (13,000)

Prepaid insurance 25,000 17,000

Accounts receivable (net) 80,000 60,000

Cash 36,000 31,000

Total Assets $209,000 $195,000

Equity and Liabilities

Share capital-ordinary $140,000 $115,000

Retained earnings 31,000 55,000

Bonds payable 27,000 19,000

Accounts payable 11,000 6,000

Total equity and liabilities $209,000 $195,000

Additional information:
1. Net loss for 2014 is $15,000.

2. Cash dividends of $9,000 were declared and paid in 2014.

ACCT6174 – Introduction to Financial Accounting

3. Land was sold for cash at a loss of $7,000. This was the only land transaction during the
year.

4. Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for
$5,000 cash.

5. $12,000 of bonds were retired during the year at carrying (book) value.

6. Equipment was acquired for ordinary shares. The fair value of the shares at the time of
the exchange was $25,000.

Instructions

Prepare a statement of cash flows for the year ended 2014, using the indirect method.

Case 2

Newman Corporation's comparative statement of financial position are presented below.

NEWMAN CORPORATION

Comparative Statement of Financial Position

December 31

2014 2013

Equipment $ 60,000 $ 70,000

Accumulated depreciation (14,000) (10,000)

Investments 25,000 16,000

Accounts receivable 25,200 22,300

Cash 12,200 17,700

Total $108,400 $116,000

Share capital-ordinary $ 50,000 $ 45,000

Retained earnings 33,800 29,900

Bonds payable 10,000 30,000

Accounts payable 14,600 11,100

Total $108,400 $116,000

ACCT6174 – Introduction to Financial Accounting

Additional information:

1. Net income was $19,300. Dividends declared and paid were $15,400.

2. Equipment which cost $10,000 and had accumulated depreciation of $2,200 was sold
for $3,800.

3. All other changes in non-current account balances had a direct effect on cash flows,
except the change in accumulated depreciation.

Instruction

(a) Prepare a statement of cash flows for 2014 using the indirect method.

(b) Compute free cash flow.

Case 3

Unduh Laporan Keuangan (yang di audit) dari Bank Mandiri tahun 2014. Hitung rasio-rasio
profitabilitas, solvabilitas, dan likuiditas untuk tahun 2014, serta berikan analisa mengenai
keadaan keuangan Bank Mandiri pada tahun 2014 dibandingkan dengan tahun 2013.

ACCT6174 – Introduction to Financial Accounting