Académique Documents
Professionnel Documents
Culture Documents
Transaction
Sell shares
Legal Fees
Buy Bldg. & Land
Bldg. Renovations
Buy Metal Det.
Buy Software
Buy Advertising
Loan to Park
Pay Supplier
Pay Dividends
Rental prepayment
Met Det revenues
Buy Inventory
Sundries sales
Pay Salaries
159,400
(30,000)
(350)
(30,000)
(60,350)
99,050
(82,000)
(3,900)
(4,000)
(1,500)
(91,400)
7,650
Interest Revenue
Interest Expense
Pre-tax income
Income Tax Expense
Net Income
250
(4,900)
3,000
(630)
2,370
12/31/2012
78,800
4,200
5,000
250
12,000
4,000
104,250
12/31/2011
0
0
0
0
0
0
0
Land
Buildings
Metal Detectors
Less Accum Depr
Net PP&E
Software
103,000
85,000
120,000
(31,500)
276,500
1,750
Total Assets
382,500
12/31/2012 12/31/2011
2,000
0
4,900
0
630
0
1,100
0
8,630
0
Mortgage Payable
Total Liabilities
124,000
132,630
0
0
0
0
0
0
0
0
Common Stock
Additional Paid-in-Capital
Retained Earnings
Total Shareholders' Equity
25,000
225,000
(130)
249,870
0
0
0
0
382,500
(103,000)
(85,000)
(120,000)
(2,100)
(310,100)
Financing
250,000
124,000
(2,500)
371,500
(2,500)
250,000
124,000
371,500
Operating
(3,900)
(8,000)
(5,000)
(2,000)
1,200
120,100
(38,000)
35,000
(82,000)
17,400
156,300
(40,000)
(82,000)
(5,000)
(11,900)
17,400
Indirect Method
Start with Net Income
Adjust for components of Net Income tied to noncash items or to
investing activities
Add back expenses or subtract revenues
Noncash items: Depreciation, amortization
Investing activities: Gains/losses on sale of PP&E or investments
12/31/2012
78,800
4,200
5,000
250
12,000
4,000
104,250
Land
Buildings
Metal Detectors
Less Accum Depr
Net PP&E
Software
103,000
85,000
120,000
(31,500)
276,500
1,750
Total Assets
382,500
17,400
12/31/12 12/31/11
2,000
0
4,900
0
630
0
1,100
0
8,630
0
Mortgage Payable
Total Liabilities
124,000
132,630
0
0
Common Stock
Additional Paid-in-Capital
Retained Earnings
Total Shareholders' Equity
25,000
225,000
(130)
249,870
0
0
0
0
382,500
2,370
(4,000)
2,000
4,900
630
1,100
17,400
(4,000)
2,000
4,900
630
1,100
17,400
(103,000)
(85,000)
(120,000)
(2,100)
(310,100)
(2,500)
250,000
124,000
371,500
78,800