Reference no: EM131028957

Problem 1

Use the information in the following table to successfully fulfill requirement one listed below:

Acquisition of Equipment = $275,000	Acquisition of Apartment building =S300,000	Dividends paid=10,000	Issuance of bonds payable =170,000
Decrease in Salaries Payable=51000	Amortization of discount on bonds payable =53000	Decrease in Accounts Payable=15,000	Proceeds from the Sale of Land=100,000
Decrease In Inventories=$8,000	Depreciation Expense=25,000	Decrease in Accounts Receivables=5,000	Monies paid to retire bonds=120,000
Decrease in Deferred income taxes=$7000	Loss on sale of land=20,000	Net Income=250,000	Cash at the end of year=700,000

Requirements:

Prepare the statement of cash flows using the above information and assuming the company name is Supier Company and the year ended December 31, 2012.

Problem 2

The statement of cash flows only represents the actual cash flows from operating, investing and financing activities. There are specific non-cash transactions that are left out from the body of the statement.

Requirements:

Briefly describe the type of items that are not included in the body of the statement of cash flows, describe the actual transactions and tell where the transaction will then be disclosed.