Exercise 13-11

The following items were gathered from Sheridan Industries’ general ledger:

Sale of marketable securities		$	14,040
Depreciation and amortization expense			23,972
Payment of cash dividends			3,863
Proceeds from disposal of equipment			829
Loss on disposal of equipment			160
Net income			26,163
Beginning Cash balance			19,710
Purchase of equipment			21,412
Decrease in Accounts Receivable			1,098
Proceeds from issuing common stock			2,351
Increase in Inventory			3,625
Increase in Accounts Payable			4,670
Ending Cash balance			64,093

Using the indirect method, construct Sheridan Industries’ statement of cash flows. (Show amounts that decrease cash flow with either a – sign, e.g. -15,000 or in parentheses, e.g. (15,000).)

Sheridan Industries Statement of Cash Flows
Net cash provided by financing activitiesNet cash provided by operating activitiesCash flows from operating activitiesCash flows from financing activitiesAdjustments to net incomeCash flows from investing activitiesNet cash used by investing activitiesChange in cashNet cash used by operating activitiesCash, beginning balanceNet cash used by financing activitiesCash, ending balanceNet cash provided by investing activities
Sale of marketable securitiesNet income / (loss)Purchase of equipmetDecrease in accounts payableProceeds from disposal of equipmentPayment of cash dividendsIncrease in accounts payableDecrease in accounts receivableLoss on disposal of equipmentProceeds from issuance of common stockIncrease in accounts receivableDepreciation and amortizationIncrease in inventoryDecrease in inventory		$
Cash flows from operating activitiesChange in cashCash, ending balanceAdjustments to net incomeCash flows from investing activitiesCash, beginning balanceCash flows from financing activities
Sale of marketable securities Decrease in inventory Decrease in accounts receivable Increase in accounts receivable Proceeds from issuance of common stock Decrease in accounts payable Proceeds from disposal of equipment Increase in accounts payable Purchase of equipmet Net income / (loss) Increase in inventory Depreciation and amortization Payment of cash dividends Loss on disposal of equipment	$
Decrease in inventory Payment of cash dividends Depreciation and amortization Increase in accounts payable Proceeds from issuance of common stock Decrease in accounts payable Net income / (loss) Sale of marketable securities Increase in inventory Increase in accounts receivable Proceeds from disposal of equipment Loss on disposal of equipment Decrease in accounts receivable Purchase of equipmet
Depreciation and amortization Payment of cash dividends Decrease in inventory Proceeds from issuance of common stock Loss on disposal of equipment Net income / (loss) Decrease in accounts payable Decrease in accounts receivable Increase in accounts payable Increase in accounts receivable Purchase of equipmet Increase in inventory Sale of marketable securities Proceeds from disposal of equipment
Sale of marketable securities Increase in accounts receivable Payment of cash dividends Increase in accounts payable Purchase of equipmet Decrease in accounts payable Net income / (loss) Proceeds from issuance of common stock Increase in inventory Depreciation and amortization Loss on disposal of equipment Decrease in inventory Decrease in accounts receivable Proceeds from disposal of equipment
Decrease in inventory Increase in accounts payable Proceeds from issuance of common stock Purchase of equipmet Decrease in accounts payable Sale of marketable securities Loss on disposal of equipment Proceeds from disposal of equipment Net income / (loss) Increase in inventory Payment of cash dividends Depreciation and amortization Decrease in accounts receivable Increase in accounts receivable
Net cash providedused by financingoperatinginvesting activities
Cash flows from investing activitiesChange in cashCash, beginning balanceCash, ending balanceCash flows from operating activitiesCash flows from financing activitiesAdjustments to net income
Purchase of equipmet Proceeds from disposal of equipment Decrease in accounts receivable Depreciation and amortization Payment of cash dividends Increase in accounts payable Increase in accounts receivable Sale of marketable securities Net income / (loss) Loss on disposal of equipment Decrease in inventory Proceeds from issuance of common stock Increase in inventory Decrease in accounts payable
Increase in inventory Depreciation and amortization Decrease in accounts payable Proceeds from disposal of equipment Net income / (loss) Decrease in inventory Increase in accounts receivable Increase in accounts payable Sale of marketable securities Purchase of equipmet Loss on disposal of equipment Payment of cash dividends Decrease in accounts receivable Proceeds from issuance of common stock
Sale of marketable securities Decrease in inventory Decrease in accounts payable Increase in accounts payable Proceeds from disposal of equipment Purchase of equipmet Loss on disposal of equipment Payment of cash dividends Net income / (loss) Increase in inventory Proceeds from issuance of common stock Depreciation and amortization Decrease in accounts receivable Increase in accounts receivable
Net cash providedused by investingoperatingfinancing activities
Cash, ending balanceAdjustments to net incomeCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesChange in cashCash, beginning balance
Proceeds from disposal of equipment Net income / (loss) Decrease in accounts receivable Loss on disposal of equipment Purchase of equipmet Depreciation and amortization Payment of cash dividends Increase in accounts receivable Decrease in accounts payable Sale of marketable securities Increase in inventory Proceeds from issuance of common stock Decrease in inventory Increase in accounts payable
Decrease in inventory Increase in accounts payable Decrease in accounts payable Sale of marketable securities Proceeds from disposal of equipment Depreciation and amortization Purchase of equipmet Payment of cash dividends Proceeds from issuance of common stock Loss on disposal of equipment Decrease in accounts receivable Net income / (loss) Increase in accounts receivable Increase in inventory
Net cash usedprovided by operatingfinancinginvesting activities
Cash flows from operating activitiesCash flows from investing activitiesAdjustments to net incomeChange in cashCash, ending balanceCash, beginning balanceCash flows from financing activities
Tags: accounting problem WileyPlus User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service. Explanation & Answer Attached. SHERIDAN INDUSTRIES STATEMENT OF CASH FL OW FOR THE YEAR ENDED Cash flow from operating activities Net income 26163 Adjustment for; Depreciation and … Completion Status: 100% 15 Million Students Helped! Sign up to view the full answer Examine Honor Code flag Report DMCA Review Review Honor Code flag Report DMCA Anonymous Great! Studypool always delivers quality work. Studypool 4.7 Trustpilot 4.5 Sitejabber 4.4 24/7 Homework Help Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science! Post question Similar Content Income Statement Review, WK 5 – ECA Part 2b help PRICE WILL NOT CHANGEIn weeks 3 & 4 we learned about different aspect in accounting that affected the balance she… Financial Statement Analysis, accounting homework help Financial Statement Analysis The following information relates to Harris Corporation. Account … Continuous Problem – City of Monroe, accounting homework help Continuous Problem – City of Monroe to Accompany Essentials of Accounting for Governmental and Not-for-P… Star Repairs Co Question, accounting homework help Star Repairs Co. does all the repair work for a medium-sized manufacturer of handheld computergames. The games are sent di… Annotated bibliography, accounting homework help Create an outline for the essay. (REVIEW DOCUMENT ATTACHED)Develop a 700-word annotated bibliography using at le… IFRS versus GAAP, accounting homework help assignment from nickkynickkyWrite a 700 word summary of the team’s discussion about IFRS versus GAAP, based on your team c… Related Tags leases online assignment strategy company designer office overland trucking economics Cost products capital expenditures physics problems accounting Book Guides Normal People by Sally Rooney The Prince by Niccolò Machiavelli Girl in Translation by Jean Kwok Siddhartha by Hermann Hesse Night by Elie Wiesel Uncle Tom’s Cabin by Harriet Beecher Stowe East of Eden by John Steinback Get 24/7 Homework help Our tutors provide high quality explanations & answers. Question details… Post question Most Popular Content Outline the evaluated ONE deductive accounting system, homework help Outline the evaluated ONE deductive accounting system, homework help Outline the evaluated ONE deductive accounting system. Decentralization, accounting assignment help Decentralization, accounting assignment help Only 1-2 Paragraghs NeededDiscuss at least two advantages and disadvantages of decentralizing a firm.Only 1-2 Paragraghs Needed Strategy Maps for scorecards, accounting homework help Strategy Maps for scorecards, accounting homework help Only 1 – 2 Paragraph NeededStrategy maps are used in creating a balanced scorecard. Give one strategic measure and one objective measure for each dimension of a balanced score-card (financial, customer, learning and growth, internal processes). Discuss how the elements of a strategy map assist in reaching a company’s financial goals.Only 1 – 2 Paragraph Needed Create a Balanced Scorecard, accounting homework help Create a Balanced Scorecard, accounting homework help In a 3 – 4 page word document, address the following Create a balanced score-card for a fictitious company.Discuss the importance of a balanced scorecard as a measure for evaluating performance and strategizing for success.Include each of the four balanced score-card elements (financial, customer, internal processes, learning and growth).Be sure that the paper has no spelling or grammatical errors. Risk and Return Analysis, accounting homework help Risk and Return Analysis, accounting homework help Purpose of Assignment Students will complete an analysis on risk and return and the valuation of stocks and bonds. Students will then take the information they learned throughout Week and determine why this content is important for them in their future endeavors. Create a 1,050-word report, and include the following: Explain the relationship between risk and returnIdentify an example of risk and return. Explain which is more risky bonds or common stocks.Explain how understanding risk and return will help you in future business ventures.Intro & Conclusion paragraphsFormat your assignment consistent with APA guidelines. Include headings for bullets.  Less than 10% plagiarismResources Required Finance Chapter 7; Finance Chapter 8; Finance Chapter 9 Adjustment to prepaid expense, accounting homework help Adjustment to prepaid expense, accounting homework help I attached the questions below. View more Earn money selling your Study Documents Sell Documents working on a homework question? get help from verified tutors now! × Download Original File SUBJECTS WE COVER Accounting Communications Geology Physics Algebra Computer Science Health & Medical Political Science Art & Design Economics History Programming Article Writing Engineering Law Psychology Biology Excel Management Python Business & Finance Environmental Science Marketing SAT Calculus Film Mathematics Social Science Chemistry Foreign Languages Philosophy Sociology Statistics Science Website Design Java SUBJECTS WE COVER Accounting Environmental Science Political Science Algebra Programming Physics Art & Design Film Psychology Article Writing Foreign Languages Python Biology Geology Excel Business & Finance Health & Medical SAT Calculus History Science Chemistry Law Social Science Communications Management Sociology Computer Science Marketing Statistics Economics Mathematics Website Design Engineering Philosophy Java SUBJECTS WE COVER Accounting Communications Geology Physics Statistics Algebra Computer Science Health & Medical Political Science Science Art & Design Economics History Programming Website Design Article Writing Engineering Law Psychology Java Biology Excel Management Python Business & Finance Foreign Languages Environmental Science Marketing SAT Philosophy Calculus Film Mathematics Social Science Sociology Chemistry flash_on Studypool is powered by MicrotutoringTM How it works| Honor Code| Terms of Service| Homework Help| Become a Tutor Tags| Blog| Our Mission Copyright © 2022. Studypool Inc. Studypool is not sponsored or endorsed by any college or university. × Ongoing Conversations arrow_back download Download Loading Page 1 / 1 Confirm Unlock Do you want to use an Unlock to unlock this answer. CancelUnlock Reset Password Enter the email address associated with your account, and we will email you a link to reset your password. Confirm An email has been sent to Okay Take 10 seconds to Sign up! Get instant access to your answer! Access over 20 million homework documents through the notebank Get on-demand Q&A homework help from verified tutors Read 1000s of rich book guides covering popular titles Login or Sign Up Become A Tutor email account_circle Username is too similar to your e-mail address lock I’m here to get homework help I already have an account OR Sign up with: Google Facebook Linkedin Google Facebook Linkedin Login or Sign Up Username account_circle Password lock Remember me Help! I forgot my password I don’t have an account OR Login with: Google Facebook Linkedin Our Partner Countries These are the countries currently available for verification, with more to come! United States Canada Mexico American Samoa Guam Northern Mariana Islands Europe(Continental) Moldova Guernsey South Africa China Israel Japan South Korea Taiwan Australia New Zealand Argentina Brazil Chile Venezuela Okay Become a Tutor, Earn up to $7,500/mo Would you like to help your fellow students? Are you in need of an additional source of income? Apply to become a tutor on Studypool! Our best tutors earn over $7,500 each month! Learn More