Note: The cash flows from investing activities and cash flows from financing activities sections of the statement of cash flows are the same under the direct and indirect method. Indirect Method Pes Corporation and Subsidiary Consolidated Statement of Cash Flows for the year ended DecemCash Flows from Operating Activities Controlling share of NIĪdjustments to reconcile net income to net cash from operating activities: Noncontrolling share of NI $5000 Depreciation $ 51,000 Patents amortization 500 Increase in accounts receivable (5,000) Increase in inventories (20,000) Increase in other current assets (19,000) Increase in accounts payable 22,000 34,500 Net cash flows from operating activities 164,500 Cash Flows from Investing Activities Purchase of plant and equipment (125,000) Net cash flows from investing activities (125,000) Cash Flows from Financing Activities Payment of cash dividends - controlling (36,000) Payment of cash dividends - noncontrolling (2,000) Payment of long-term liabilities (11,000) Net cash flows from financing activitiesĭecrease in cash for the year Cash on January 1 Cash on December 31
Reconciliation of net income to cash provided by operating activities Controlling share of NI Adjustments to reconcile net income to cash provided by operating activities: Noncontrolling interest share Depreciation expense Patents amortization Increase in accounts payable Increase in accounts receivable Increase in inventories Increase in other current assets Net cash flows from operating activities P4-17 Indirect Method Pes Corporation and Subsidiary Consolidated Statement of Cash Flows for the year ended DecemCash Flows from Operating Activities Cash received from customers Cash paid to suppliers Cash paid for operating expenses Net cash flows from operating activities Cash Flows from Investing Activities Purchase of plant and equipment Net cash flows from investing activities Cash Flows from Financing Activities Payment of cash dividends - controlling Payment of cash dividends - noncontrolling Payment of long-term liabilities Net cash flows from financing activities Decrease in cash for the year Cash on January 1 Cash on December 31 Nama : Marselinus Aditya Hartanto Tjungadi NIM : A31113316 Advanced Accounting 2 (Akuntansi Keuangan Lanjutan 2) P4-16 Partial consolidated statement of cash flows using the direct method Pil Corporation and Subsidiaries Partial Consolidated Statement of Cash Flows for the current year Cash Flows from Operating Activities Cash received from customers Dividends from equity investees Interest received from short-term loan Cash paid for other expenses Cash paid to suppliers Net cash flow from operating activities
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