Module 4 – SLP

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Question: Module 4 – SLP STATEMENT OF CASH FLOWS We’re continuing to analyze the same company as in Modules…
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STATEMENT OF CASH FLOWS

We’re continuing to analyze the same
company as in Modules 1, 2, and 3.

Based on additional information
added in Modules 2 and 3, please use the information below to make
a statement of cash flows.

The beginning cash balance is $30,000.

Use the Net Income from Module 2.

Use depreciation expense of Module 1.

During the year 14, Inventory increases by $42,500.

During the year 14, Land increases by $400,000.

During the year 14, Long-Term Debts increase by $360,000.

During the year 14, the company made a secondary offering of
stock and raised an additional $180,000, which includes $150,000 of
Paid-in Capital.

During the year 14, the company had paid $15,000 in
dividends.

Using the Indirect Method, prepare a
statement of cash flows for the company in good format and compare
two financial statements between the income statement and statement
of cash flows. You do not need to include the income statement or
balance sheet.

This is a Signature
Assignment Expectation for ACC201 Module 4 SLP

There are 2 specific learning
outcomes: 1) apply business theories, models, and concepts to guide
analysis of problems and situations and 2) utilize data driven
analysis in making business decisions.

In this SLP assignment for Module 4,
our emphasis will be on understanding the statement of cash flows.
You will be summarizing all of what you learned the in the Cases,
SLPs and Discussions.

The grading rubric below has been
developed to measure student success in meeting the ACC201 Module 4
SLP expectations related to applying your knowledge of the
statement of cash flows and income statement on making business
decisions.

Assignment Expectation

Weak

Marginal

Adequate

Strong

Organization

Demonstrates the ability to create
content logically, concisely, and in an appropriate manner to
understanding of the statement of cash flows.

There is no logical sequence of
information. Wording is rambling and unfocused.

Paper does not follow a logical
sequence.

Paper follows a logical sequence. There
are some minor problems with sub-classification and/or results are
not clear.

Paper follows a logical sequence with a
correct computation and results. Each activity relates to others in
a carefully organized framework.

Demonstrates the ability to support a
central point or viewpoint throughout the paper.

Insufficient elaboration and/or support
(e.g., computation, each activity) in the paper.

Limited elaboration and/or support in
the paper.

Support with some specific details and
elaboration in the paper.

Support through both specific details
and elaboration apparent in the paper.

Content

Demonstrates the ability to calculate
cash flows from each activity and compare cash flows with net
income.

The purpose is not identified, is
unclear, or inappropriate in the paper.

Purpose is occasionally unclear in the
paper.

Clear purpose, but not consistently
sustained throughout the paper.

Clear purpose sustained throughout the
paper.

Demonstrates the ability to gather and
sort accounting information and data on a particular activity.

Does not have a grasp of information
and appropriate data. Topic is poorly created. Supporting
explanations are absent or vague. Trite ideas and/or unclear
wording reflect a lack of understanding of topic.

Seems uncomfortable with information
and data. Topic is evident but with little or no elaboration.

Seems comfortable with the accounting
information and data. Topic is evident with some supporting
details.

Demonstrates full knowledge of the
topic with explanation and elaboration. The topic is well
developed, effectively supported, and appropriate for the
assignment. Critical thinking is clearly and creatively expressed.
Data choices are well thought out.

Delivery

Demonstrates the ability to use
appropriate word choice and grammar in the paper.

There are many sentences with
grammatical errors. Some sentences are incomplete/halting, and/or
vocabulary is somewhat limited or inappropriate.

There are a few sentences that are
complete and grammatical. Word choice is not always appropriate for
presentation.

Sentences are generally complete and
grammatical, and they flow together easily. With a few exceptions,
words are chosen for their precise meaning.

All sentences are complete and
grammatical, and they flow together easily. Words are chosen for
their precise meaning. Word choice illustrates grasp of content and
enhances explanation.

Demonstrates the ability to make an
effective explanation outline that is free from bias.

Words chosen for an explanation are
inappropriate and exhibits bias. Some readers may be confused.

Words chosen for the paper are free
from bias with one or two minor exceptions.

Words have no apparent bias. There is
some inappropriate explanation.

Words and explanation are completely
free from bias.

SLP Assignment Expectations

Create a statement of cash flows and compare cash flows with net
income.

Write 2- to 4-pages, showing computations and discussing the
results.

List supporting references and cite sources.

Use appropriate writing style (organization, grammar, &
spelling – see Writing Guidelines).

Mod 1

Below, find the trial balance for
Nybrostrand Company. Prepare an income statement and balance sheet,
in good format, based on Formats of Financial Statements
(Presentations). After you have completed the two
statements, comment on the success of the company. Support your
answer with information from the financial statements you just
prepared.

Nybrostrand Company

31-Dec-14

Trial Balance (accounts in alphabetical
order)

Debit

Credit

Accounts payable

$ 78,000

Accounts receivable

$ 36,500

Cash

30,000

Common stock

10,000

Depreciation expense

24,350

Cost of goods sold

307,000

Equipment (net of depreciation)

415,000

Insurance

1,400

Inventory

34,000

Long-term debt

127,000

Marketing

4,500

Paid-in capital

50,000

Property taxes

16,900

Rent

28,000

Retained earnings

?

Revenues

586,000

Salaries

78,500

Utilities

6,700

Total

982,850

982,850

MOD 2

Module 2 – SLP

INCOME STATEMENT

We are using the same company as in
the first Module. However, you need to consider some additional
information.

One client indicated that they were interested in purchasing
$42,500 worth of products, so the bookkeeper recorded the
transaction. However, the client has not actually committed to the
purchase.

The bookkeeper already corrected the sales account. However, the
bookkeeper may have made a mistake when computing cost of goods
sold. She included total production costs for 2014 and did not
adjust ending inventory for the $42,500 worth of units left at the
end of the year. The amount of ending inventory was determined
using a physical count.

Nybrostrand Company

31-Dec-14

Trial Balance (accounts in alphabetical
order)

Debit

Credit

Accounts payable

$ 78,000

Accounts receivable

$ 36,500

Cash

30,000

Common stock

10,000

Depreciation expense

24,350

Cost of goods sold

307,000

Equipment (net of depreciation)

415,000

Insurance

1,400

Inventory

34,000

Long-term debt

127,000

Marketing

4,500

Paid-in capital

50,000

Property taxes

16,900

Rent

28,000

Retained earnings

?

Revenues

586,000

Salaries

78,500

Utilities

6,700

Total

982,850

982,850

SLP Assignment Expectations

Prepare an income statement for the
company in good format. Always include the name of the company and
the period covered in the title. Don’t forget dollar signs where
appropriate. You do not need to include the balance sheet.
Consequently, you will not need all the accounts listed above. How
does the income or loss compare to the original income statement?
Explain the importance of the matching concept.

Mod 3

Module 3 – SLP

BALANCE SHEET

We’re continuing to analyze the same
company as in Modules 1 and 2.

Additional information added
in Module 2

One client indicated that they were interested in purchasing
$42,500 worth of products. However, the client has not actually
committed to the purchase.

The bookkeeper already corrected the sales account. However, the
bookkeeper may have made a mistake when computing cost of goods
sold. She included total production costs for 2014 and did not
adjust ending inventory for the $42,500 worth of units left at the
end of the year. The amount of ending inventory was determined
using a physical count.

Additional information for
Module 3

The company made a secondary offering of stock and raised an
additional $180,000 which includes $150,000 of Paid-in Capital.

The company had already paid $15,000 in dividends before
deciding on the offering.

The company now has cash to invest in a piece of raw land on
which to build in the future. The investment takes place before
year end. The cost of the land is $400,000, the down payment is
$40,000 and a note to the bank covers the rest.

Nybrostrand Company

31-Dec-14

Trial Balance (accounts in alphabetical
order)

Debit

Credit

Accounts payable

$ 78,000

Accounts receivable

$ 36,500

Cash

30,000

Common stock

10,000

Depreciation expense

24,350

Cost of goods sold

307,000

Equipment (net of depreciation)

415,000

Insurance

1,400

Inventory

34,000

Long-term debt

127,000

Marketing

4,500

Paid-in capital

50,000

Property taxes

16,900

Rent

28,000

Retained earnings

?

Revenues

586,000

Salaries

78,500

Utilities

6,700

Total

982,850

982,850

SLP Assignment Expectations

Prepare a balance sheet for the
company in good format. Update the balance sheet for the changes to
income in Module 2 and also consider the effect of paying the
dividend. You do not need to include the income statement.

The submission should be 2- to
4-pages and need to include answers to all the questions listed
above. Show computations, discuss the results, and include
references in APA format.

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