## Answers

Cash Flow statement for year ended December 31, 2020 | ||

Particulars | Amount in $ | |

Cash flows from operating activities | ||

Net Income | 600,000 | |

Adjustments to arrive cash flow from operating activities: | ||

Amortization expense | 150,000 | |

Decrease in Marketable Securities | 15,000 | =175000-160000 |

Decrease in accounts receivables | 20,000 | =240000-220000 |

Increase in Inventories | -45,000 | =230000-275000 |

Decrease in Investments | 15,000 | =70000-55000 |

Decrease in accounts payable | -25,000 | =85000-110000 |

Decrease in notes payable | -55,000 | =10000-65000 |

Decrease in accrued expenses | -25,000 | =5000-30000 |

Increase in Income Tax payable | 5,000 | =10000-5000 |

Net Cash flow from operating activities | 655,000 | |

Cash flows from investing activities | ||

Purchase of Plant & Equipment | -250,000 | =1300000-1550000 |

Net Cash flow from Investing activities | -250,000 | |

Cash flows from financing activities | ||

Proceeds from issuance of Bonds Payable | 100,000 | =900000-800000 |

Payment of cash dividends | -500,000 | =500000-600000-400000 |

Net Cash flows from financing activities | -400,000 | |

Net increase(decrease) in cash and cash equivalents (A) | 5,000 | |

Cash and cash equivalents at beginning of period (B) | 45,000 | |

Cash and cash equivalents at end of period =A+B | 50,000 | |

- |

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