Answer:
Siam Traders
Siam Traders
Statement of Cash Flows (in thousands)
Operating Activities:
Net Income                                 $7,200
Non-cash adjustment:
Depreciation Expenses                       $2,000
Increase in Accounts Receivable                ($100)  Â
Decrease in Inventory                        $1,000
Increase in Accounts Payable                   $600 Â
Other Adjustments from Operating Activities     ($200)
Net cash from operating activities             $10,500
Investing Activities:
Purchases of Property, Plant, & Equipment     ($8,300) Â
Other Adjustments from Investing Activities      $400
Net cash from investing activities             ($7,900)
Financing Activities:
Decrease in Debt                           ($700) Â
Dividends Paid                             ($500) Â
Other Adjustments from Financing Activities of   ($100)
Net cash from financing activities             ($1,300)
Net cash flows                             $1,300
Explanation:
a) Data and Calculations:
Net Income of $7,200,000
Increase in Accounts Payable of $600,000
Increase in Accounts Receivable of $100,000
Decrease in Debt of $700,000
Depreciation Expenses of $2,000,000
Dividends Paid of $500,000
Decrease in Inventory of $1,000,000
Purchases of Property, Plant, & Equipment of $8,300,000
Other Adjustments from Financing Activities of -$100,000
Other Adjustments from Investing Activities of $400,000
Other Adjustments from Operating Activities of -$200,000
Operating Activities:
Net Income of $7,200,000
Depreciation Expenses of $2,000,000
Increase in Accounts Receivable of $100,000 Â Â
Decrease in Inventory of $1,000,000
Increase in Accounts Payable of $600,000 Â
Other Adjustments from Operating Activities of -$200,000
Investing Activities:
Purchases of Property, Plant, & Equipment of $8,300,000 Â
Other Adjustments from Investing Activities of $400,000
Financing Activities:
Decrease in Debt of $700,000 Â
Dividends Paid of $500,000 Â
Other Adjustments from Financing Activities of -$100,000
