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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 47
Oliver Company provided the following information for the years 2011 and 2012: 
Operating Cash Flows
Refer to the information for Oliver Company above.
Required:
1. Calculate the change in cash flows that serves as the control figure for the statement of cash flows.
2. Prepare a schedule that provides operating cash flows for the year 2012 using the indirect method.
3. Assume that you have all the information provided for Requirement 1 except that you only know the beginning balance of accounts receivable for 2012. Given this information and assuming that the operating cash flows for 2012 are $41,000, calculate the ending balance for accounts receivable.
Operating Cash Flows
Refer to the information for Oliver Company above.
Required:
1. Calculate the change in cash flows that serves as the control figure for the statement of cash flows.
2. Prepare a schedule that provides operating cash flows for the year 2012 using the indirect method.
3. Assume that you have all the information provided for Requirement 1 except that you only know the beginning balance of accounts receivable for 2012. Given this information and assuming that the operating cash flows for 2012 are $41,000, calculate the ending balance for accounts receivable.
Explanation
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1. Calculation of change in cash of Oliv...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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