ACCT 301 INTERMEDIATE ACCOUNTING

FALL 2014 - GROUP PROJECT

NOVEMBER 2014

Purpose: This is a group extra credit project and consists of 3 assigned members. See your
assigned group # in Appendix B. You are to work in your assigned group. The intent of this
project is for each of you to work in groups while educating each other on how to complete a
statement of cash flow based on the facts in Appendix A. As an incentive for your effort, each
member in your group can earn up to 20 additional points to be added to your final course grade.
I highly recommend that each of you put in your best effort and be involved in working through
this cash flow statement project and ultimately, contribute to the group.
Rules: This is an open book and you are welcome to use any resources (textbook, other research
tools, internet) available to help your group. However, you are not to share with other groups
or members outside of your assigned group. I am happy to answer any questions that you might
have but only to clarify the project, terms or vagueness of the instructions.
Due Date: This project is due on Thursday, December 11, 2014 at 7pm. If your group would like
to turn it earlier than December 11, 2014, please feel free to do so. There are no extra credits or
bonus points for turning in early.
Evaluation: Each of you will have a chance to do an evaluation of yourself as well as members
in your group. See evaluation in Appendix C. Evaluation can negatively impact your
individual points.
Requirements: Please turn in the followings on December 11, 2014.
1. One completed cash flow statement for each group. The completed cash flow statement
should be organized and well presented (i.e. recommend that your group use Microsoft
Excel to present your answers rather than handwritten solution). Only one completed
cash flow statement per group.
2. One completed evaluation form from each member of the group. Each member of the
group is required to complete his or her own evaluation and turn it in on December 11,
2014. Evaluation is to be kept confidential and not to share with your group members.

______________________________________________________________________________

Good luck!

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APPENDIX A
CASH FLOW STATEMENT (20 Points)

San Francisco Giants has given you the following financial statement information plus
additional data for 2014. Since you are an expert in cash flow statement, SF Giants has
asked you to assist in the preparation of the cash flow statement for the year ending
December 31, 2014. Please a statement of cash flows for 2014 with the information
below.
December 31

Cash
Accounts receivable (net)
Inventory
Land
Equipment
TOTAL
Accumulated depreciation
Accounts payable
Notes payable short-term
Notes payable long-term
Common stock
Retained earnings
TOTAL

2013
$42,000
84,000
168,000
58,800
504,000
$856,800
$84,000
50,400
67,200
168,000
420,000
67,200
$856,800

2014
$65,000
144,200
206,600
21,000
789,600
$1,226,400
$115,600
86,000
29,400
302,400
487,200
205,800
$1,226,400

Additional data for 2014:

1. Net income was $220,200.
2. Depreciation was $31,600.
3. Land was sold at its original cost.
4. Dividends of $81,600 were paid.
5. Equipment was purchased for $84,000 cash.
6. A long-term note for $201,600 was used to pay for an equipment purchase.
7. Common stock was issued to pay a $67,200 long-term note payable.

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APPENDIX B

Name
Meng,XiYing
Bogati,Kalpana
Cheng,Wicky
Lee,Goeun
Ross,ShawnaC.
Temnewo,HenokOcbas
Huang,Jianpeng
Yu,Jiahui
Martell,RobertoE
Wu,Shuai
Liang,ShannonQiHong
Mendieta,Jonathan
Khatun,Fatema
Mangat,SunvirSingh
Yu,Jinqing
Cortez,PaulaBetina
Rodriguez,AmberChristine
Lapada,RoseNatalieDeGracia
Hui,ChunKit
Chan,Ha
Shrestha,Roshna
Joshi,Kanika
Saldajeno,Jezreel
Sinn,WingLoen
Xu,Lingxuan
CuadrosBallesteros,JorgeJavier
Dinh,ChiMai

Group#
1
1
1
2
2
2
3
3
3
4
4
4
5
5
5
6
6
6
7
7
7
8
8
8
9
9
9

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APPENDIX C

GROUP EVALUATION

Your Name (First, Last): _____________________________SFSU ID#:___________________

Group #: ______ Member names: 1. _____________ 2. ______________ 3. _______________

Questions:

I. Youputinequaleffortsaseachofyourgroupmembers? Yes________or No__________

Ifno,pleaseexplainifyoubelieveyouputinmoreorlesseffort:_________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

II. Eachofyourgroupmembersputinequalefforts? Yes___________orNo______________

Ifno,pleaseexplainifyoubelieveothergroupmembersputinmoreorlesseffort:__________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

III. Othercircumstancesyouwouldliketoexplain?______________________________________

______________________________________________________________________________

______________________________________________________________________________

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