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Posted: November 29th, 2017
How do I construct this statement?
Question description
1.
Timberline Inc. had the following current
accounts last year ($000) (Pg. 80)
Beginning Ending Beginning Ending
Cash $ 175
$ 238
Accounts Payable $
205 $ 182
Accounts Rec 1,456 2,027 Accruals 95 83
Inventory 943 786
Current Assets 2,574 3,231 Current Liabilities 300 265
In addition, the company had sales revenues of $9,453,000
and costs and expenses (including interest and tax) of $7,580,000. Depreciation of $1,462,000 is included in the
cost and expense figures.
Construct a statement showing Timberline’s Cash from Operating Activities
section, including a detail of changes in balance sheet accounts.
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