Homework Answers
A)There has been negative cashflows in the years 2016 and 2014.There has been an actual positive change of (643149+142760)=785909 in the year 2015 mainly due to sale of discontinued operations in 2015.In the year 2016 there is a negative change of 811105(643149+167956)
B)If this trend goes the organisation will go on making negative cashflows from investing activities and will soon be shut down.
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Exercise 13-14 (Essay) Lind Industries is one of the largest manufacturers of small motors in the...
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Review the Statement of Cash Flows for Jack in the Box (JACK). Answer the following questions...
Review the Statement of Cash Flows for Jack in the Box (JACK).
Answer the following questions which are worth 2 points each.
1. Does JACK use the direct or indirect method?
2. Looking at the adjustment for prepaid expenses and other
current assets for 2018, did JACK pre-pay additional expenses or
use up expenses previously pre-paid? Why?
3. We are given the gains from the sale of company-operated
restaurants and the proceeds from the sale of those restaurants.
Given that...
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Review the Statement of Cash Flows for Jack in the Box (JACK).
Answer the following questions which are worth 2 points each.
1. Does JACK use the direct or indirect method?
2. Looking at the adjustment for prepaid expenses and other
current assets for 2018, did JACK pre-pay additional expenses or
use up expenses previously pre-paid? Why?
3. We are given the gains from the sale of company-operated
restaurants and the proceeds from the sale of those restaurants.
Given that...
Presented below are the financial statements of Coronado Industries. Coronado Industries Comparative Balance Sheets December 31 Assets 2022 $ 49,000 2021 $28,000 Cash Accounts receivable Inventory Property, plant, and equipment 28,000 39,200 84,000 (44,800) $155,400 19,600 28,000 109,200 (33,600) $151,200 Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable $ 26,600 9,800 23,800 25,200 Bonds payable $ 21,000 11,200 46,200 19,600 53,200 $151,200 Common stock Retained earnings 70,000 Total $155,400 Coronado Industries Income Statement For the Year...
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