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Exercise 12-5 The following information is available for Coronado Industries for the year ended December 31,...
CALCULATOR FULL SCREEN PRINTER VERSION Exercise 12-5 The following information is available for Coronado Industries for...
CALCULATOR FULL SCREEN PRINTER VERSION Exercise 12-5 The following information is available for Coronado Industries for the year ended December 31, 2017 Beginning cash balance 46,575 3,830 167,670 8,487 11,385 294,044 36,225 12,420 4,865 299,115 26,910 207,000 Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing...
The following information is available for Coronado Industries for the year ended December 31, 2022. Beginning...
The following information is available for Coronado Industries for the year ended December 31, 2022. Beginning cash balance $ 18,000 Accounts payable increase 4,275 Depreciation expense 30,750 Accounts receivable decrease 3,600 Inventory decrease 2,325 Net income 42,900 Cash received for sale of land at book value 78,000 Cash dividends paid 28,500 Income taxes payable decrease 2,925 Cash used to purchase land 60,750 Cash used to redeem bonds 49,500 Cash received from issuing stock 120,000 Prepare a statement of cash flows...
Presented below are the financial statements of Coronado Industries. Coronado Industries Comparative Balance Sheets December 31...
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...
Coronado Industries reported the following information for 2022. Coronado Industries Comparative Balance Sheets December 31 Assets...
Coronado Industries reported the following information for 2022. Coronado Industries Comparative Balance Sheets December 31 Assets 2022 2021 Change Increase/Decrease Cash $82,600 $50,400 $32,200 Increase Accounts receivable 86,800 30,800 56,000 Increase Inventory 61,600 –0– 61,600 Increase Prepaid expenses 8,400 5,600 2,800 Increase Land 77,000 98,000 21,000 Decrease Buildings 280,000 280,000 –0– Accumulated depreciation—buildings (29,400 ) (19,600 ) 9,800 Increase Equipment 256,200 95,200 161,000 Increase Accumulated depreciation—equipment (39,200 ) (14,000 ) 25,200 Increase Totals $784,000 $526,400 Liabilities and Stockholders’ Equity Accounts...
The following information is available for Sweet Acacia Industries for the year ended December 31, 2022....
The following information is available for Sweet Acacia Industries for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $38,400 9.120 65,600 7.680 4.960 91,520 166,400 60,800 6,240 129,600 105,600 256,000 Prepare a statement of cash flows...
The following information is available for Bramble Corp. for the year ended December 31, 2022. Beginning...
The following information is available for Bramble Corp. for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net Income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $36.000 2.960 129,600 6,560 8,800 227,280 28,000 9,600 3,760 231,200 20,800 160,000 Prepare a statement of cash flows...
The following information is available for Indigo Corporation for the year ended December 31, 2022. Beginning...
The following information is available for Indigo Corporation for the year ended December 31, 2022. Beginning cash balance $ 40,800 Accounts payable increase 9,690 Depreciation expense 69,700 Accounts receivable decrease 8,160 Inventory decrease 5,270 Net income 97,240 Cash received for sale of land at book value 176,800 Cash dividends paid 64,600 Income taxes payable decrease 6,630 Cash used to purchase land 137,700 Cash used to redeem bonds 112,200 Cash received from issuing stock 272,000 Prepare a statement of cash flows...
The following information is available for Sheridan Company for the year ended December 31, 2022. Beginning...
The following information is available for Sheridan Company for the year ended December 31, 2022. Beginning cash balance $ 12,000 Accounts payable increase 2,850 Depreciation expense 20,500 Accounts receivable decrease 2,400 Inventory decrease 1,550 Net income 28,600 Cash received for sale of land at book value 52,000 Cash dividends paid 19,000 Income taxes payable decrease 1,950 Cash used to purchase land 40,500 Cash used to redeem bonds 33,000 Cash received from issuing stock 80,000 Prepare a statement of cash flows...
Any help would be very much appreciated! Exercise 12-5 The following information is available for Sweet...
Any help would be very much appreciated!
Exercise 12-5 The following information is available for Sweet Acacia Industries for the year ended December 31, 2017 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 48,510 3,989 174,636 8,840 11,858 306,260 37,730 12,936...
Exercise D13-11 The following items were gathered from Sunland Industries general ledger: Sale of marketable securities...
Exercise D13-11 The following items were gathered from Sunland Industries general ledger: Sale of marketable securities Depreciation and amortization expense Payment of cash dividends Proceeds from disposal of equipment Loss on disposal of equipment Net income Beginning Cash balance Purchase of equipment Decrease in Accounts Receivable Proceeds from issuing common stock Increase in Inventory Increase in Accounts Payable Ending Cash balance 13,940 170 19,310 21,132 1,238 2,281 63,843 Using the indirect method, construct Sunland Industries statement of cash flows. (Show...
CALCULATOR FULL SCREEN PRINTER VERSION Exercise 12-5 The following information is available for Coronado Industries for the year ended December 31, 2017 Beginning cash balance 46,575 3,830 167,670 8,487 11,385 294,044 36,225 12,420 4,865 299,115 26,910 207,000 Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing...
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...
The following information is available for Sweet Acacia Industries for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $38,400 9.120 65,600 7.680 4.960 91,520 166,400 60,800 6,240 129,600 105,600 256,000 Prepare a statement of cash flows...
The following information is available for Bramble Corp. for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net Income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $36.000 2.960 129,600 6,560 8,800 227,280 28,000 9,600 3,760 231,200 20,800 160,000 Prepare a statement of cash flows...
Any help would be very much appreciated!
Exercise 12-5 The following information is available for Sweet Acacia Industries for the year ended December 31, 2017 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 48,510 3,989 174,636 8,840 11,858 306,260 37,730 12,936...
Exercise D13-11 The following items were gathered from Sunland Industries general ledger: Sale of marketable securities Depreciation and amortization expense Payment of cash dividends Proceeds from disposal of equipment Loss on disposal of equipment Net income Beginning Cash balance Purchase of equipment Decrease in Accounts Receivable Proceeds from issuing common stock Increase in Inventory Increase in Accounts Payable Ending Cash balance 13,940 170 19,310 21,132 1,238 2,281 63,843 Using the indirect method, construct Sunland Industries statement of cash flows. (Show...
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