Homework Answers
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ZOWLESKI COMPANY CASH FLOW STATEMENT FOR THE YEAR ENDED DECEMBER 31 2018 |
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| Cash flow from operating activity | ||
| Net Income | 28400 | |
| Adjustment to reconcile net income to cash flow from operating activity | ||
| Depreciation expense | 4000 | |
| Decrease in accounts receivable [22900-22000] | 900 | |
| Increase in merchandise inventory [140000-131000] | -9000 | |
| Decrease in accounts payable [21000-18500] | -2500 | -6600 |
| Cash Flow from operating activity [A] | 21800 | |
| Cash flow from investing activity [B] | 0 | |
| Cash flow from financing activity | ||
| Repayment of note payable | -14500 | |
| Net cash flow from financing activity [C] | -14500 | |
| Net increase /(decrease) in cash during the year [A+B+C] | 7300 | |
| Beginning cash balance | 85000 | |
| Cash at end | 92300 | |
| Non cash investing and financial Transaction | ||
| Purchase of Plant asset financed by issue of note payable | 30000 | |
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7) Prepare a statement of cashflows uusing the indirect method Use the following excerpts from Zowleski...
prepare a Statement of Cashflow in the Indirect method, by using the balance sheet and addition...
prepare a Statement of Cashflow in the Indirect method, by using
the balance sheet and addition information.
Bradley Co. Balance Sheet For the years ended December 31, 2019 and 2018 12/31/2019 12/31/2018 $ S 1,200 4,000 10,890 520 670 230 17,510 1,900 5,100 13,900 500 600 200 22,200 $ S 13,600 12,000 $ Assets Current Assets: Cash Accounts Receivable Inventories Prepaid Insurance Prepaid Rent Supplies Total Current Assets Property, plant, & Equipment 5 Land 5 Buildings 7 Equipment 8 Less:...
Using vertical analysis, prepare an income statement. (this is all the information given) (indirect method) thats...
Using vertical analysis, prepare an income statement. (this is
all the information given) (indirect method)
thats all info i have, it says indirect method on cash flow
only
Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500...
Prepare a statement of Cash Flow for the current year using the indirect method Robust Robots,...
Prepare a statement of Cash Flow for the current year using
the indirect method
Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and...
Prepare a Statement of Cash Flow for the current year using the indirect method Robust Robots,...
Prepare a Statement of Cash Flow for the current year using
the indirect method
Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and...
Prepare Statement of cash flows for current year using indirect method. Dynamic Drones Comparative Balance Sheet...
Prepare Statement of cash flows for current year using indirect
method.
Dynamic Drones Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, Net Merchandise Inventory Prepaid Rent Total Current Assets $60,000 $140,000 $110,000 $20,000 $330,000 $80,000 $100,000 $70,000 $10,000 $260,000 Property, plant, and Equipment: Equipment $400,000 Less: Accumulated Depreciation - Equipment ($60,000) Total Property, Plant, and Equipment $340,000 Total Assets $670,000 $191,000 ($42,400) $148,600 $408,600 2019 2018 Liabilities and Stockholders' Equity Current Liabilities:...
Prepare a cash flow statement using the indirect method for 2018: ABC Company Balance Sheet(s) 31-Dec...
Prepare a cash flow statement using the indirect method for
2018:
ABC Company Balance Sheet(s) 31-Dec
No purchase of investments was made during the year. Investments
with a cost of $7,000 were sold for $9,200. Land with a cost of
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the company disposed of equipment that had an original cost $55,000
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Prepare a statement of cash flows using indirect method A comparative balance sheet for Josten Corporation...
Prepare a statement of cash flows using indirect method
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Prepare a Cash Flow statement using indirect method Robust Robots, Inc. Comparative Balance Sheet December 31,...
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Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 Assets 2019 2018 Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, and Equipment Total Assets 500,000 (80,000) 420,000 809,700...
P16B-45B Using a spreadsheet to prepare the statement of cash flows- indirect method The 2018 comparative...
P16B-45B Using a spreadsheet to prepare the statement of cash flows- indirect method The 2018 comparative balance sheet and income statement of Attleboro Group, follow. Attleboro disposed of a plant asset at book value in 2018. ATTLEBORO GROUP, INC. Income Statement Year Ended December 31, 2018 $441,000 205,400 235,600 $ 76,300 15,300 49,600 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses):...
Cash Flow Statement Using the data below, prepare a statement of cash flows (indirect method) for...
Cash Flow Statement Using the data below, prepare a statement of cash flows (indirect method) for Hanger Corporation for the year 2018 December 31 2018 2017 Cash 72,000 26,000 Account Receivable 98,500 76,900 Inventory 145,000 165,000 Prepaid rent 6,800 6,100 Land 110,000 70,000 Building 268,000 226,000 Accumulated depreciation (29,000) (9,000) Equipment 15,000 30,000 686,300 591,000 Accounts Payable 89,000 83,000 Salaries Payable 49,500 59,900 Bonds payable 115,000 60,000 Common stock 110,000 110,000 Retained earnings 332,800 281,100 Treasury stock at cost (10,000)...
prepare a Statement of Cashflow in the Indirect method, by using
the balance sheet and addition information.
Bradley Co. Balance Sheet For the years ended December 31, 2019 and 2018 12/31/2019 12/31/2018 $ S 1,200 4,000 10,890 520 670 230 17,510 1,900 5,100 13,900 500 600 200 22,200 $ S 13,600 12,000 $ Assets Current Assets: Cash Accounts Receivable Inventories Prepaid Insurance Prepaid Rent Supplies Total Current Assets Property, plant, & Equipment 5 Land 5 Buildings 7 Equipment 8 Less:...
Using vertical analysis, prepare an income statement. (this is
all the information given) (indirect method)
thats all info i have, it says indirect method on cash flow
only
Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500...
Prepare a statement of Cash Flow for the current year using
the indirect method
Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and...
Prepare a Statement of Cash Flow for the current year using
the indirect method
Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and...
Prepare Statement of cash flows for current year using indirect
method.
Dynamic Drones Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, Net Merchandise Inventory Prepaid Rent Total Current Assets $60,000 $140,000 $110,000 $20,000 $330,000 $80,000 $100,000 $70,000 $10,000 $260,000 Property, plant, and Equipment: Equipment $400,000 Less: Accumulated Depreciation - Equipment ($60,000) Total Property, Plant, and Equipment $340,000 Total Assets $670,000 $191,000 ($42,400) $148,600 $408,600 2019 2018 Liabilities and Stockholders' Equity Current Liabilities:...
Prepare a cash flow statement using the indirect method for
2018:
ABC Company Balance Sheet(s) 31-Dec
No purchase of investments was made during the year. Investments
with a cost of $7,000 were sold for $9,200. Land with a cost of
$80,000 and buildings for $130,000 were acquired. During the year,
the company disposed of equipment that had an original cost $55,000
and accumulated depreciation of $48,500. The equipment was sold for
$1,500. The company also purchased equipment for $200,000
Cash...
Prepare a statement of cash flows using indirect method
A comparative balance sheet for Josten Corporation is presented below Josten Corporation Comparative Balance Sheets 2017 $33,000 14,000 25,000 78,000 24,000) 126,000 018 sets ash ccounts receivables $24,000 25,000 41,000 69,000 (26,000) 133,000 Inventory Property, Plant, & Equipment ccum. Depreciation Total Assets Liabilities and Stockholders' Equit 43,000 20,000 10,000 ccounts payable Income Taxes payable Bonds payable Common stock Retained earnings $30,000 25,000 20,000 25,000 33,000 133,000 25,000 28,000 Total Liab. And...
Prepare a Cash Flow statement using indirect method
Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 Assets 2019 2018 Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, and Equipment Total Assets 500,000 (80,000) 420,000 809,700...
P16B-45B Using a spreadsheet to prepare the statement of cash flows- indirect method The 2018 comparative balance sheet and income statement of Attleboro Group, follow. Attleboro disposed of a plant asset at book value in 2018. ATTLEBORO GROUP, INC. Income Statement Year Ended December 31, 2018 $441,000 205,400 235,600 $ 76,300 15,300 49,600 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses):...
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