Individual Exercises Week Five

Teresa Watkins
ACC 291
January 23, 2014
Michael Bluvas

E13-8
EXERCISE 13-8
TAGUCHI COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2011
Cash flows from operating activities
Net income ........................................................................
Adjustments to reconcile net income
to net cash provided by operating
activities
Depreciation expense .............................................
Decrease in inventory ............................................
Decrease in accounts payable ................................
Increase in accounts receivable.............................
Net cash provided by operating
activities ..............................................................
Cash flows from investing activities
Sale of land........................................................................
Purchase of equipment ....................................................
Net cash used by investing
activities ..............................................................
Cash flows from financing activities
Issuance of common stock ...............................................
Payment of cash dividends ..............................................
Redemption of bonds .......................................................
Net cash used by financing
activities ..............................................................
Net increase in cash ....................................................................
Cash at beginning of period ......................................................
Cash at end of period .................................................................

$103,000)

$34,000)
19,000)
(8,000)
(9,000)

)
36,000
139,000)

25,000)
(60,000)
(35,000)

42,000)
(45,000)
(50,000)
(53,000)
51,000)
22,000)
$ 73,000)

E14-3
a)
CONARD CORPORATION
Condensed Balance Sheets
31-Dec
Percentage
Increase
Change
(Decrease) from 2011

2012

2011

Assets
Current assets
Property, plant & equipment (net)
Intangibles
Total assets

74000
99000
27000
$200,000

80000
90000
40000
210,000

(6,000)
9,000
(13,000)
(10,000)

-7.5%
10.0%
-32.5%
-4.8%

Liabilities and stock-holders' equity

Current liabilities
Long-term liabilities
Stockholders equity
Total liabilities and stockholders' equity

42000
143000
15000
$200,000

48000
150000
12000
$210,000

-6000
-7,000
3000
($10,000)

-12.5%
-4.7%
25.0%
-4.8%

Amount

Percent

Assets
Current assets
Property, plant, and equipment (net)
Intangibles
Total assets

74000
99000
27000
$200,000

37.0%
49.5%
13.5%
100.00%

Liabilities and stockholders equity

Current liabilities
Long-term liabilities
Stockholders equity
Total liabilities and stockholders equity

42000
143000
15000
$200,000

21.0%
71.5%
7.5%
100.00%

b)
CONARD CORPORATION
Condensed Balance Sheets
31-Dec