Instructions:
1] Please use the Balance Sheet to determine the difference
2] Using the indirect method to transfer the differes with numbers to each activity (Do not use the other symbol, must number)
3] Using the idrect method to create a new Statement of Cash Flow, sum up each activity and provide the brife explanation.
4] Please provide the clear and readable calculation.
5] Company has net income $100,000.
Balance Sheet
For The Year Ended December 31, 2008 & 2009
2009 2008 Difference Operating Investing Financing
Assets
Current assets
Cash and cash equivalents $410 $217
Accounts and other receivables 204 175
Merchandise inventories 1,902 2,464
Prepaid expenses and other current assets 81 51
Total current assets 2,597 2,907
Non-current assets
Property and equipment
Real Estate, net 2,354 2,435
Other, net 1,872 1,777
Total property and euqipment 4,226 4,212
Goodwill, net 347 356
Other assets 729 491
Total assets $7,899 $7,966
Liabilities
Current Liabilities
Short-term borrowings 156 134
Account payable 1,415 1,280
Accrued expenses and other current liabilities 696 680
Income taxes payable 224 231
Total current liabilities 2,491 2,325
Non-current liabilities
Long-term debt 1,222 851
Deferred income debt 333 219
Other liabilities 229 140
Total non-current liabilities 1,784 1,210
Total liabilities $4,275 $3,535
Stockholders’ Equity
Common stock $30 $30
Additional paid-in capital 459 467
Retained earnings 4,478 4,610
Foreign Currency translation adjustments -100 -122
Treasury shares, at cost -1,243 -557
Total stockholders’ equity $3,624 $4,428
Total liabilities and stockholders’ equity $7,899 $7,963
Statement of Cash Flow
Operating Activities
Net Income $1,00,000
Investing Activities
Financing Activities
