My writer delivered an awesome dissertation on the Creek War, I definitely didn’t have the time to do all the research she did on my own.
Essay (any type)
09/08/2022
Preparing direct method of deriving cash flow from operations from data in published annual…
Preparing direct method of deriving cash flow from operations from data in published annual report. GTI, Inc., manufactures parts, components, and processing equipment for electronics and semiconductor applications in the communication, computer, automotive, and appliance industries. Its sales tend to vary with changes in the business cycle since the sales of most of its customers are cyclical. Exhibit 6.26 presents balance sheets for GTI as of December 31, 2011, 2012, and 2013, and Exhibit 6.27 presents income statements for 2012 and 2013. Notes to the firm’s financial statements reveal the following (amounts are in thousands of U.S. dollars): (1) Depreciation expense, included in Administration Expenses, was $641 in 2012 and $625 in 2013. (2) Other Noncurrent Assets represent patents. Patent amortization, included in Administrative Expenses, was $25 in 2012 and $40 in 2013. (3) Changes in Other Current Liabilities and Other Noncurrent Liabilities are both operating transactions relating to Administrative Expensesa. Prepare a T-account work sheet for the preparation of a statement of cash flows for GTI for 2012 and 2013. b. Prepare a statement of cash flows for GTI for 2012 and 2013. Present cash flows from operations using the indirect method. c. Present a derivation of cash flows from operations for 2012 using the direct method. d. Discuss the relation between net income and cash flow from operations and the pattern of cash flows from operating, investing, and financing activities.
