Homework Answers
|
ROCKER COMPANY Statement of Cash Flow For The Year Ended December 31, 2019 |
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| Cash flow from operating activities: | ||
| Net income | $35,000 | |
| Add: Depreciation expense | 5,000 | |
| Add: Loss on sale of investments | 3,000 | |
| Less: Increase in accounts receivable | -5,000 | |
| Less: Increase in inventory | -8,000 | |
| Add: Decrease in prepaid expenses | 3,000 | |
| Add: Increase in accounts payable | 10,000 | |
| Net cash flow from operating activities | $43,000 | |
| Cash flow from investing activities: | ||
| Proceeds from sale of investments | 14,000 | |
| Purchase of Equipment | -27,000 | |
| Net cash flow from investing activities | -13,000 | |
| Cash flow from financing activities: | ||
| Bonds payable | -9,000 | |
| Common stock | 17,000 | |
| Dividend paid | -15,000 | |
| Net cash flow from financing activities | -7,000 | |
| Net increase / (decrease) in cash | 23,000 | |
| Beginning balance of cash | 11,000 | |
| Ending balance of cash | $34,000 | |
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A comparative balance sheet for Rocher Company appears below ROCKER COMPANY Comparative Balance Sheet Dec 31,...
Dec 31, 2018 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance She...
Dec 31, 2018 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec 31, 2019 Assets Cash $ 34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation equipment (20,000) Total assets $123,000 Liabilities and Stockholders' Equity Accounts payable $ 17.000 Bonds payable 36.000 Common stock 40,000 Retained earnings Total liabilities and stockholders' equity $123,000 $11,000 13,000 17.000 9,000 17.000 33,000 (15,000) $85.000 $ 7.000 45,000 23,000 30,000 10.000 $85.000...
Question 12 A comparative balance sheet for Rocker Company appears below: Dec 31, 2019 ROCKER COMPANY...
Question 12 A comparative balance sheet for Rocker Company appears below: Dec 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments 0 Equipment 60,000 Accumulated depreciation--equipment (20,000) Total assets Hilver $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 dy $7,000 45,000 23,000 10,000...
Question 16 A comparative balance sheet for Rocker Company appears below: Dec. 31, 2019 ROCKER COMPANY...
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Question 12 A comparative balance sheet for Rocker Company appears below: Dec 31, 2019 ROCKER COMPANY...
Question 12 A comparative balance sheet for Rocker Company appears below: Dec 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments 0 Equipment 60,000 Accumulated depreciation-equipment (20,000) Total assets $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 $7,000 45,000 23,000 10,000 $85,000 Additional...
Question 16 A comparative balance sheet for Rocker Company appears below: Dec. 31, 2019 ROCKER COMPANY...
Question 16 A comparative balance sheet for Rocker Company appears below: Dec. 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation--equipment (20,000) Total assets $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 $7,000 45,000 23,000 10,000 $85,000 Additional infor...
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Question text Cash The comparative balance sheets for Drexler Company appear below: DREXLER COMPANY Comparative Balance...
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A comparative balance sheet for Miller Company appears below. Miller Company Comparative Balance Sheet 12/31/2019 12/31/2020...
A comparative balance sheet for Miller Company appears below. Miller Company Comparative Balance Sheet 12/31/2019 12/31/2020 Assets Cash Accounts Receivable Inventory Prepaid Expenses Long-Term Investments Equipment Accumulated Depreciation - Equipment Total Assets $66,640 35,280 49,000 11,760 $21,560 25,480 33,320 17,640 33,320 64,680 (29,400) $166,600 117,600 (39,200) $241,080 Liabilities and Stockholders' Equity Accounts Payable Bonds Payable Common Stock Retained Earnings Total liabilities and stockholder's equity $13.720 88.200 45.080 19.600 $166.600 $33,320 70.560 78.400 58.800 $241.080 Additional Information: 1. Net income for...
The comparative balance sheet of Nathan Company appears below: NATHAN COMPANY Comparative Balance Sheet December 31,...
The comparative balance sheet of Nathan Company appears below: NATHAN COMPANY Comparative Balance Sheet December 31, Assets 2019 $420 2018 $333 Current assets 780 567 $1,200 $900 $168 $144 Plant assets Total assets Liabilities and stockholders' equity Current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity 300 162 432 306 300 288 $ 1.200 $900 Using verticaranalysis, prepare a common size comparative arance sneer, rouno percentages to u decima praces, egz NATHAN COMPANY Comparative Balance Sheet...
Acomparative balance sheet for Carson Company appears below: CARSON COMPANY Comparative Balance Sheet Dec. 31,2017 Dec....
Acomparative balance sheet for Carson Company appears below: CARSON COMPANY Comparative Balance Sheet Dec. 31,2017 Dec. 31, 2016 Assets Cash Accounts receivable Inventories Equipment Accumulated depreciation-equipment $18,000 25,000 45,000 70,000 (27,000) $131,000 Liabilities and Stockholders' Equity $33,000 14,000 25,000 78,000 (24,000) $126,000 Total assets Accounts payable Income taxes payable Bonds payable Common stock Retained earnings 31,000 24,000 20,000 25,000 31000 $131,000 s 43,000 20,000 10,000 25,000 28,000 Total liabilities and stockholders' equity Additional information: 1. Net income for the year...
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Question 12 A comparative balance sheet for Rocker Company appears below: Dec 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments 0 Equipment 60,000 Accumulated depreciation--equipment (20,000) Total assets Hilver $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 dy $7,000 45,000 23,000 10,000...
Question 16 A comparative balance sheet for Rocker Company appears below: Dec. 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation-equipment (20,000) Total assets $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 $7,000 45,000 23,000 10,000 $85,000 Additional information:...
Question 12 A comparative balance sheet for Rocker Company appears below: Dec 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments 0 Equipment 60,000 Accumulated depreciation-equipment (20,000) Total assets $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 $7,000 45,000 23,000 10,000 $85,000 Additional...
Question 16 A comparative balance sheet for Rocker Company appears below: Dec. 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation--equipment (20,000) Total assets $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 $7,000 45,000 23,000 10,000 $85,000 Additional infor...
ohe comparative balance sheets for Russell Company appear below: RUSSELL COMPANY Comparative Balance Sheet Dec. 31, 2016 Dec. 31,2017 Assets $38,000 Cash $13,000 Accounts receivable 18,000 14,000 Inventory 25,000 15,000 Prepaid insurance 7,000 9,000 Stock investments 18,000 Equipment 60,000 30,000 Accumulated depreciation-equipment (18.000) (14.000) Total assets $130.000 $85,000 Liabilities and Stockholders Equity Accounts payable $ 25.000 $7,000 Bonds payable 37,000 45,000 Common stock 40,000 23.000 Retained earnings 28.000 10.000 (18.000) Accumulated depreciation-equipment (14.000) $130.000 $85,000 Total assets Liabilities and Stockholders'...
Question text Cash The comparative balance sheets for Drexler Company appear below: DREXLER COMPANY Comparative Balance Sheet Dec. 31, 2019 Dec. 31, 2018 Assets $ 28,000 $13,000 Accounts receivable 18,000 14,000 Prepaid expenses 7,000 9,000 Inventory 25,000 15,000 Long-term investments -0- 18,000 Equipment 60,000 30,000 Accumulated depreciation-equipment (18.000 (14,000 Total assets $120,000 $85.000 Liabilities and Stockholders' Equity Accounts payable $ 25,000 $ 7,000 Bonds payable 37,000 45,000 Common stock 40,000 23,000 Retained earnings 18,000 10,000 Total liabilities and stockholders' equity...
A comparative balance sheet for Miller Company appears below. Miller Company Comparative Balance Sheet 12/31/2019 12/31/2020 Assets Cash Accounts Receivable Inventory Prepaid Expenses Long-Term Investments Equipment Accumulated Depreciation - Equipment Total Assets $66,640 35,280 49,000 11,760 $21,560 25,480 33,320 17,640 33,320 64,680 (29,400) $166,600 117,600 (39,200) $241,080 Liabilities and Stockholders' Equity Accounts Payable Bonds Payable Common Stock Retained Earnings Total liabilities and stockholder's equity $13.720 88.200 45.080 19.600 $166.600 $33,320 70.560 78.400 58.800 $241.080 Additional Information: 1. Net income for...
The comparative balance sheet of Nathan Company appears below: NATHAN COMPANY Comparative Balance Sheet December 31, Assets 2019 $420 2018 $333 Current assets 780 567 $1,200 $900 $168 $144 Plant assets Total assets Liabilities and stockholders' equity Current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity 300 162 432 306 300 288 $ 1.200 $900 Using verticaranalysis, prepare a common size comparative arance sneer, rouno percentages to u decima praces, egz NATHAN COMPANY Comparative Balance Sheet...
Acomparative balance sheet for Carson Company appears below: CARSON COMPANY Comparative Balance Sheet Dec. 31,2017 Dec. 31, 2016 Assets Cash Accounts receivable Inventories Equipment Accumulated depreciation-equipment $18,000 25,000 45,000 70,000 (27,000) $131,000 Liabilities and Stockholders' Equity $33,000 14,000 25,000 78,000 (24,000) $126,000 Total assets Accounts payable Income taxes payable Bonds payable Common stock Retained earnings 31,000 24,000 20,000 25,000 31000 $131,000 s 43,000 20,000 10,000 25,000 28,000 Total liabilities and stockholders' equity Additional information: 1. Net income for the year...
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