ACC2 M4S4 We’re continuing to analyze the Nybrostrand as in assignments 1 , 2, and 3. Based on additional information added in assignments 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 increases $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 Accounting 201 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 Session Long Project number 4, our emphasis will be on understanding the statement of cash flows. You will be summarizing all of what you learned in the overall class and discussions. Assignment Expectations · Create a statement of cash flows and compare cash flows with net income. · Write 3-4 pages, showing computations and discussing the results. · List supporting references and cite your sources in APA format in text and listed at the end on a separate page. · Use appropriate writing style (organization, grammar, and spelling). · The paper will be typed in Times New Roman, Font 12, Double Spaced. Information gathered from Assignment 1: This paper gives an analysis of Nybrostrand Company with a view to show the financial position and the net profits available to the shareholders. The study aims to show the company’s financial profile to attract would-be investors and show conformity to internationally accepted accounting standards. Nybrostrand Company Income Statement For the year ended December 31, 2014 Account Debit Credit Revenue $586,000 Cost of goods sold $307,000 Gross Profit $279,000 Expenses Marketing $4,500 Depreciation Expense $24,350 Insurance $1,400 Property taxes $16,900 Rent $28,000 Salaries $78,500 Utilities $6,700 $160,350 Net Profit $118,650 About the income statement shown above, the company is presumed to be successful. The net profit is calculated in this order. All the expenses are summed up then they are subtracted from the revenues or sales figure (Maynard). This is the ultimate net profit. On the other hand, the gross profit is calculated when the cost of goods sold is subtracted from revenues. The cost of sales is the amount got from the addition of opening stock, cost.

1. ACC2 M4S4
We’re continuing to analyze the Nybrostrand as in assignments
1 , 2, and 3.
Based on additional information added in assignments 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 increases $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 Accounting 201
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.

2. In this Session Long Project number 4, our emphasis will be on
understanding the statement of cash flows. You will be
summarizing all of what you learned in the overall class and
discussions.
Assignment Expectations
· Create a statement of cash flows and compare cash flows with
net income.
· Write 3-4 pages, showing computations and discussing the
results.
· List supporting references and cite your sources in APA
format in text and listed at the end on a separate page.
· Use appropriate writing style (organization, grammar, and
spelling).
· The paper will be typed in Times New Roman, Font 12,
Double Spaced.
Information gathered from Assignment 1:
This paper gives an analysis of Nybrostrand Company with a
view to show the financial position and the net profits available
to the shareholders. The study aims to show the company’s
financial profile to attract would-be investors and show
conformity to internationally accepted accounting standards.
Nybrostrand Company
Income Statement
For the year ended December 31, 2014
Account
Debit
Credit
Revenue

3. $586,000
Cost of goods sold
$307,000
Gross Profit
$279,000
Expenses
Marketing
$4,500
Depreciation Expense
$24,350
Insurance
$1,400
Property taxes
$16,900
Rent
$28,000
Salaries
$78,500
Utilities
$6,700
$160,350

4. Net Profit
$118,650
About the income statement shown above, the company is
presumed to be successful. The net profit is calculated in this
order. All the expenses are summed up then they are subtracted
from the revenues or sales figure (Maynard). This is the
ultimate net profit. On the other hand, the gross profit is
calculated when the cost of goods sold is subtracted from
revenues. The cost of sales is the amount got from the addition
of opening stock, cost of goods sold, less returns inwards.
Expenses are born in an organization as a result of running the
business on a day-to-day basis. These expenses are items such
as depreciation charges, rents and salaries to the company staff.
Retained earnings
Accounts payable 78,000
Common Stock 10,000
Long-Term Debt 127,000
Paid in Capital 50,000
Revenues 586,000
Total 851,000
Retained earnings = 982,850 – 851,000
= 131,850
A statement of financial position or balance sheet shows the
status of an organization at a particular date of operation. The
assets reflect the owners’ share in the business whereas the
liabilities and equity show contributions from outsiders
(Stickney, Weil and Schipper). Equity capital is money
contributed as a result of floating shares in a stock exchange

5. market. The two statements play a major role to the
organization, and other stakeholders as governments, suppliers,
and customers.
Nybrostrand Company
Balance Sheet
As of December 31, 2014
Assets
Liabilities
Current Assets
Current Liabilities
Cash
$30,000
Accounts payable
$78,000
Accounts Receivable
$36,500
$78,000
Inventory
$34,000
Long Term Liabilities
$100,500
Long-term debt
$127,000
Fixed Assets
$127,000
Equipment
$415,000
Owners’ Equity
Land
-
Retained earnings
$131,850
Common Stock

6. $10,000
Paid-in capital
$50,000
$191850
Total Assets
$515,500
Total Liabilities and Owners’ Equity
$396,850
Information gathered from Assignment 2:
Nybrostrand Company: Income Statements
This excerpt gives an analysis of Nybrostrand Company with a
view to showcasing the underlying bases, concepts, principles
and conventions regarding the income statement. The income
statement gives a view of the net profit position after the
deduction of expenses. It is a tool used by all stakeholders in a
business for decision-making. Consequently, it is a material
document to stakeholders since the omission or misstatement
affects decision-making. Additionally, materiality depends on
the nature and size of the item. Upon preparation of the income

7. statement, it should present a true and fair view of the set of
accounts used under the accounting cycle (Rajasekaran and
Lalitha).
Nybrostrand Company
Income Statement
For the Year Ended on 31 December 2014
Account
Debit
Credit
Revenue
586,000
Cost of goods sold
222,000
Gross Profit
364,000
Expenses
Marketing
4,500
Depreciation Expense
24,350
Insurance
1,400
Property taxes
16,900
Rent

8. 28,000
Salaries
78,500
Utilities
6,700
160,350
Net Profit
203,650
It is significant to observe international accounting standards.
To commence, they add credibility to financial statements in
case of foreign capital sourcing, the statements can be relied in
stock market quotations and they facilitate communication
between the enterprise and any foreign branches. Accounting
concepts are principally broad assumptions that underlie the
periodic preparation of financial records. These concepts
include; matching concept, prudence concept and accrual
concept to mention a few (Fridsday and Alvarez).
According to the accepted accounting principles (GAAP) in
conjunction with Financial Accounting Standards Board (IASB),
items that should be recognized within the same period are
revenues and. This is the cause and effect relationship where
records are made when transactions relate. On the other hand,
accrual accounting demands that revenues and expenses need to
be recognized when they are earned or incurred and not when
cash is realized (Skonieczny). For instance, the bookkeeper is

9. supposed to record actual commitments in the books of account
to reflect a true and fair view. The $ 42, 500 purchase amount in
recorded when it is incurred. In this case, this sum is subtracted
from the cost of goods sold.
Cost of goods sold 307, 000
Purchases (42,500)
264, 500
At the year-end, closing inventory is an amount subtracted from
the cost of goods available for sale. In this scenario, the
bookkeeper omitted this amount of $ 42, 500 and upon the
realization it is adjusted by deducting the figure to get the gross
profit.
Cost of goods sold 264, 500
Purchases (42,500)
222, 000
Ultimately, the previous income statement gross profit figure
was understated. The omissions made by the bookkeeper
influenced the decision making by all users of the financial
statement. Under this calculation, the income statement for
Nybrostrand gives a true and fair view and can be relied
effectively for decision-making (Skonieczny).
Information from Assignment 3:
To identify whether a company is making progress or to
determine if there are problems, a balance sheet can be used to
identify the various effects of individual items listed. With the
Nybrostrand Company, a balance sheet can help in determining
their potential success or failure by identifying various elements

10. categorized within the balance sheet.
Keywords: balance sheet, paid-in capital, retained earnings,
accounts payable, dividends
The balance sheet or statement of financial position is a
tool used by the company and stakeholders alike for varied
reasons. To start with, it is the balance sheet that shows how the
company finances are utilized. Secondly, to the creditors, it is
by the balance sheet that the company can show it can pay up
the obligations that accrue. Consequent upon this, the investors
study the balance sheets and place significant reliance on it in a
bid to place their finances in the form of owning shares
(Rajasekaran and Lalitha).
The tax authorities use the balance sheets to compute the
amount of tax deducted. To the supporters of the company, the
balance sheet is used as a performance indicator as when the
assets and liabilities are not well balanced there is a form of
mismanagement to the directors. Similarly, in the listing on the
stock market, the company balance sheet is used to obtain
additional credit, and it is used to boost the credibility of the
financial documents (Fridsday and Alvarez).
Nybrostrand Company
Balance Sheet/ Statement of Financial Position
As at 31st December 2014
Assets
Liabilities
Current Assets
Current Liabilities
Cash
30,000
Accounts payable
438,000
Accounts Receivable
36,500
438,000

11. Inventory
34,000
Long-Term Liabilities
100,500
Long-term debt
127,000
Fixed Assets
127,000
Equipment
415,000
Owners’ Equity
Land
400,000
Retained earnings
116,850
Common Stock
10,000
Paid-in capital
200,000
326,850
Total Assets
815,500
Total Liabilities and Owners’ Equity
891,850
The company statement of financial position shows disparities
owing to the prevalent cases in question. To commence, in the
calculation of the non-current assets, the costs are as follows:
CostAccumulated DepreciationNet Book Value

12. Land 400, 000 - 400, 000
Equipment - - 415,
000
The current liabilities as per the calculations contain no changes
that are material. This is when the omission or misstatement
contain no effect on the decision-making process. Therefore,
they maintain the values as before.
Current liabilities are sources of capital not contributed by the
owners and in the event the company is liable to pay for the
money spent. The cost of the acquisition of the parcel of land
for investment by the company is $ 400, 000. This is obtained
through the use of a bank note. $ 40, 000 is already paid, and
the remaining sum is obtained through the bank. Therefore, the
amount $360, 000 will increase the account payable to $ 438,
000. Paid in capital is money contributed by members of the
public who subscribe to buy shares from Nybrostrand Company.
The fully issued share capital amounts to $180, 000. However,
only $150, 000 is paid in capital. This means the remaining $30,
000 may be called out on first and final call or either is not
subscribed to or not paid up. Therefore, paid in capital will
increase to a figure of $200, 000 through the addition of $50,
000 (Skonieczny).
The amount of retained earnings is computed as follows:
Retained earnings
Accounts payable 78,000
Common stock 10,000
Long-term debt127,000
Paid in capital 50,000
Revenues 586,000
Total 851,000
Retained earnings = 982,850 – 851,000
=131,850

13. Dividends possess the effect of reducing the figure of retained
earnings since shareholders are paid from the figure of retained
earnings. Therefore, $15, 000 is subtracted from the figure
$131, 850 to arrive at $116, 850.
Ellery 1 Anrique Ellery Professor Berrier CORE 110, G04
My Origins
I don’t know why it’s so hard for me to find an origins story
when I’m one myself. When I get older and have kids of my
own it will come to me more natural because now I’m still
young and trying to grasp ahold of the things that have carved
me. It’s hard to put these things into words because most are
memories now and many things that have impacted me are gone
but never forgotten. It could be the smell of peppermint that
reminds me of my granny or seeing a cowboys to remind me of
my uncle; It’s really crazy that one small thing can be with you
forever and many don’t even realize these things will affect you
but I do. Some of these is what drives to be the best person I
can be to my friends and family and I wouldn’t be me if I didn’t
have a part of them in me.
My name is Anrique Gerard Ellery; born in Lebanon Kentucky
on January 11, 1997. My parents are Richard Ellery and Ann
Thomas. I was the youngest out of 2 sisters; my oldest sister
Niya; I never got the chance to live with because she moved out
when she was 15 so I wasn’t born yet. My parents split up when
I was 3 because of my dad’s drug addiction. Being that young
nobody tells you what’s going on because they know you would
understand. Being that age the only thing I was worried about
was cartoons and pancakes. We moved in with my grandparents
in Springfield Kentucky where I attended Head-Start and later
my mom found a boyfriend that later became her husband a
couple years later. We moved to Danville Kentucky, with my

14. mom and sister(Simone). At the time I hated it because this
wasn’t our choice, we didn’t want to leave everyone we knew
and live with a man we didn’t know at all. My second oldest
sister Simone is 7 years older than me and was in high school
when I was in elementary school so she would always walk me
to school because my mom worked nights since before I was
born that lead to her not being around much. So I needed a baby
sitter which was my Granny Luddie (Dads Mother).
My favorite lady women in the world was my granny so every
weekend I would get dropped off at her house because I didn’t
like being in Danville because the kids I went to school with
didn’t like me and I felt out of place. So I stayed in my
hometown a lot, my mother’s parents lived down the street and
family lived all of the place so if I did something bad you
already know my granny would know about it. Before I got back
home. She was a very religious women, she went to church on
Wednesday and stayed late on Sundays to count the money. I
could remember playing the drums until she got done and the
smell of the peppermint in her car. She had 9 kids; 2 of my
uncles died during before she did and one after she died. My
uncle Sammy impacted is such a way that i couldn’t thank him
enough, he taught me to smile and laugh no matter what. He
knew he wasn’t living the right life but he would always make
time for family and that was number 1. The first time I
experiencing death was when my uncle’s house had burned
down and he didn’t make it out in time. Probably the hardest
I’ve cried in my life but my granny was there to handle it with
me so seeing her reaction to losing another son and being so
strong for the whole family impacted me in such a way that felt
like I needed to be that person for my family; The Rock. My
grandmother had breast cancer in early years and had it taken
care of but it later came back when I was I middle. You know
it’s a big transformation going from grade school to middle
school and I’m starting to get friend and feel welcomed in my
new home. When one day my granny sits me down to tell me the
cancer has come back and she doesn’t have long but she said we

15. have to be strong. That’s when my whole world came
s=crashing down; now the rock of the family couldn’t be strong
for us we had to be strong for her and it wasn’t right that this
was happening to her. She always said God had a plan but why
would he let you get sick; this is when my religious beliefs
started to change and I started to question God. When my
grandmother died of spinal cancer my family became really
distant and i sunk into depression; I thought of not going to
church with her and not hearing voice again and just thinking
about all things I should have done to help but I didn’t. I
blamed myself for something I had no control over it took its
toll on my mind and body. In the mist of my depression; on my
mother’s side of the family started dying every year and seemed
like there was no hope or this thing was never going to stop. I
started to fear death like I was going to die soon and not be able
to live a full life. I just wasn’t the same person but my older
sister sat down with me on a vacation, she could tell I wasn’t
feeling right and she just let her feeling out about her child
hood and I let out mines and it helped me in ways I cant even
put into words. She showed me that death is a normal thing and
it happens all the time and we can’t control it. So we have no
choice but to be close and loving to the family and friends we
still have with us. This is why I’m relaxed because I had to find
peace with myself before I could move forward with life and
after I did that I finally started living.
When I finally became a freshman I was overwhelmed at the
people and different personalities and the cliques around school.
I played football so I could be cool and fit in but I knew that
really wasn’t for me in the long run. After my freshman year
many people knew me and many disliked me; I couldn’t
understand why but it hurt not being accepted by everyone. My
sophomore year I feel into the wrong crowd and stopped playing
sports, smoking, and making bad grades. This wasn’t like me at
all and my mother working nights and not really playing the
mother role because she had to be both parents because my dad
wasn’t around and my step dad wasn’t a father figure to me

16. because seeing him cheat on my mother and she go on everyday
like she didn’t know what was going on when she did made me
very angry. So I was just mad at the world for so many reasons
when really i shouldn’t be; I was blaming other people for my
actions and wasn’t taking the blame. When I was in middle
school my sister moved out and fell into a bad crowd that got
her arrested. I felt like why her she hasn’t done anything and
after sitting back I thinking and writing her from jail it made me
think of my actions. Is that really where I wanted to be if I keep
doing the things I am doing; that’s when I stopped hanging with
those people because they were never going to go anywhere in
life but jail or dead and didn’t want end the same. So around my
junior year of high school I started back sports and went hard in
my classes to make up for the year before. I started back
running track and playing basketball, also I started working my
first job. My mom started coming to my games and talking to
me more as a real mother would do, for once it felt like she
cared about my school and my goals in life. At this point I’m
starting to become the person I want to be; I had very successful
year in track winning the state championship in the 300m
hurdles and had risen my GPA to a 3.5. Going into summer I
wanted to focus on things to move me forward so I started
working another job for the City of Danville at the Water
Filtration Plant. It was a summer job 5 days a week from 8am to
4pm so I had to learn how to manage my time wisely while
starting 2-Aday practices for soccer and working at a restaurant
at night. My mom ended up buying me my car because she saw
that I was trying to better myself even though I had the choice
not work if I didn’t want to. When school started I still managed
to keep both jobs and b lack sports and I rose my GPA to a 3.7
while doing of this this. In my mind it was getting me ready for
the future, sometimes I felt like the things that had happened to
me in the past made me grow up faster and made me stronger.
Even though my dad wasn’t there all the time I still knew he
loved me and wish he could be with me so when he moved
closer we started to get that connection back that had been lost

17. over the years and till this day we are still working on it and all
of his flaws and bad that he made doesn’t affect the way I
perceive him. It actually taught me something that will take to
the grave and that’s that you can’t let others get to you, you
have to be happy because you want to not because of someone
else. Also he taught me that world is so much bigger than you
think so your possibilities are endless so I need to guide the
way inside of follow. Summing up senior year Id been working
hard in track and had made a name for my self being the
defending state champion, when state came around I got a text
that morning from my dad saying he couldn’t make it, im
thinking my own dad couldn’t make it to my big day. So I was
getting mad and realize that I was so selfish for thinking that
because I know he is doing is up most best to make it but had to
work I know that’s life I couldn’t be made. I just knew what I
had to-do and that was go hard so I can show him the metal
after i win so he could be proud. This track meet taught me a lot
even though many probably don’t think it could but it did. After
getting disqualified in my first race it taught me that stuff
happens and you have a bad day but you can’t let that ruin
everything just have to harder the next time. When it was time
to defend my title I was ready and hungry for the 1st place that
I deserved, but things happen and at the end of the race I
cramped and fell over the last hurdle. Thinking in my head why
me, things always go bad and I don’t know why but you can’t
think like that you just have to get up and keep going. Knowing
that and what I had to do I got up and crossed the finish line
still placing first, the defending state champion of the 300m
hurdles. Even though I could of broke a state record with my
time if I didn’t fall but I’m glad I did fall because it wouldn’t
had taught me such a great lesson that will be with me forever
and it wouldn’t had lead me to this this great institution that my
at now. So I believe that all things happens for a reason and this
was destined.