Crystal Meadows Case Study

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Crystal Meadows of Tahoe, Inc. - Statement of Cash Flows Year ended May 31, 1991
CASH FLOW FROM OPERATING ACTIVITIES
Indirect Method Direct Method
Net Income 1,418 Cash received from customers 26,025 Deprecitaion & Amortization 2,637 Paid to employees (8,911) Gain on Sale of Land (329) Paid for Rent (1,428) Decrease in Accounts Receiveable 59 Paid for Interest (1,073) Decrease in Prepaid expenses 6 Other operating & misc Expenses (9,188) Increase in Accouts Payable 245 Net cash inflow from operating activities 5,425 Increase in Accrued Land Rent 19
Increase in Accrued Compensation 152
Increase in Deferred Revenue 244
Increase in Income Taxes Payable 100
Increase in Other Accrued Liabilities 179
Increase in Deferred Income Taxes 479
Increase in Other Deferred Credits 216
Net cash inflow from operating activities 5,425 CASH FLOW FROM INVESTING ACTIVITIES
Cash from Investing Activites
Purchase of Equipment (5,146)
Proceeds from sale of land 110
CAPX related to real estate held for sale (16) Investment in development stage resort (416)
Collection of notes receivable 485
Sale of misc. assets 23
Loan to Toiyable Resort Company (85)
Net cash outflow from investing activities (5,045) CASH FLOW FROM FINANCING ACTIVITIES
Cash From Financing Activities
Payment of Dividends (112)
Proceeds from issuance of common stock 33
Acquisition of new long-term debt 3,344
Payment of notes payable (2,820)
Net cash inflow from financing activities...
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