Homework Answers
Solution
| Olson Jones Industries inc | ||
| Cash Flow Statement | ||
| For year ended 31st December 20Y2 | ||
| A. Cash Flows from Operating Activity | ||
| Net Income | $ 100.00 | |
| Adjustments to reconcile net income to | ||
| net cash flow from operating activities: | ||
| Depreciation expense | $ 9.00 | |
| Gain on sale of Land | $ (18.00) | |
| Changes in current operating assets and liabilities: | ||
| Increase in Accounts receivables | $ (27.00) | |
| Increase in Inventory | $ (21.00) | |
| Increase in accounts payable | $ 12.00 | |
| $ (45.00) | ||
| Net cash flow from Operating activities | $ 55.00 | |
| B. Cash flows from Investing Activities | ||
| Sale of Land | $ 30.00 | |
| Purchase of Equipment | $ (17.00) | |
| Net cash flow used for investing activities | $ 13.00 | |
| C. Cash Flows from Financing activities | ||
| Issue of Common stock | $ 59.00 | |
| Cash paid for dividends | $ (22.00) | |
| Cash flows from Financing activities | $ 37.00 | |
| Net Increase (Decrease) in Cash [A+B+C] | $ 105.00 | |
| Cash at the beginning | $ 47.00 | |
| Cash at the end | $ 152.00 | |
Working
| Dividends paid in cash | |
| Dividends declared | $ 31.00 |
| Less: Increase in dividends payable | $ (9.00) |
| Dividends paid in cash | $ 22.00 |
Add Answer to:
Show Me How Calculator Pri tem ative dimenti Oloses Industries Inc Statement of Cash Fleurs For...
SHOW Me How Calculator The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2...
SHOW Me How Calculator The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 2012 Dec. 31, 2041 Assets Cash $489.00 $163.00 4 Accounts receivable (net) 283.00 205.00 5 Inventories 180.00 111.00 6 Land 449.00 7 Equipment 396.00 228.00 (56.00) 179.00 8 Accumulated depreciation equipment Total assets (31.00) $1,076.00 $1,520.00 Liabilities and Stockholders'Equity 11 Accounts payable (merchandise creditors) $171.00 $162.00 12 Dividends payable 30.00 105.00 48.00 13 Common stock, $1 par...
#1 #2 ebook Show Me How Calculator Print tem Cash Flows from Operating Activities ---Indirect Method...
#1
#2
ebook Show Me How Calculator Print tem Cash Flows from Operating Activities ---Indirect Method Staley Inc. reported the following data Net income Depreciation expense Loss on disse ment Increase in recible Increase in accounts payable 74,900 30 400 15.000 12 400 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minussion to indicate cash outflons, cash Dayments, decreases in cash, or any negative adjustments Staleyince Statement of...
eBook Show Me How Calculator Pri tem Entries for Bonds Payable and installment Note Transactions The...
eBook Show Me How Calculator Pri tem Entries for Bonds Payable and installment Note Transactions The following transactions were completed by Montague Inc., whose fiscal year is the calendar year: Year 1 Issued $7.970,000 of five year, 8% callable bonds dated July 1, Year 1, at a market (effective) rate of 9%, receiving cash of $7,654,677 July 1. Interest is payable semiannually on December 31 and June 30. Borrowed $310.000 by issuing a 10-year, 7% installment note to Intexicon Bank....
Statement of Cash Flows—Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31,...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $114 $36 Accounts receivable (net) 65 45 Inventories 41 25 Land 94 102 Equipment 53 39 Accumulated depreciation-equipment (14) (7) Total Assets $353 $240 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $44 $36 Dividends payable 7 - Common stock, $1 par 23 11 Paid-in capital: Excess of issue price...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31,...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $193 $62 Accounts receivable (net) 110 77 Inventories 69 42 Land 158 175 Equipment 89 67 Accumulated depreciation-equipment (24) (12) Total Assets $595 $411 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $75 $62 Dividends payable 12 - Common stock, $1 par 39 19 Paid-in capital: Excess of issue price...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31,...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $197 $65 Accounts receivable (net) 113 81 Inventories 71 44 Land 161 183 Equipment 91 71 Accumulated depreciation-equipment (24) (12) Total Assets $609 $432 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $77 $65 Dividends payable 12 - Common stock, $1 par 40 20 Paid-in capital: Excess of issue price...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31,...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $183 $14 Accounts receivable (net) 55 49 Inventories 117 99 Land 250 330 Equipment 205 175 Accumulated depreciation—equipment (68) (42) Total assets $742 $625 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $51 $37 Dividends payable 5 - Common stock, $1 par 125 80 Paid-in capital in excess of par—common...
Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for...
Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 20Y2 Dec 31, 2011 Assets Cash $143 $47 Accounts receivable (net) Inventories 117 Equipment Accumulated depreciation equipment Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Pald-in capital: Excess of issue price over par--common stock Retained earnings Total liabilities and stockholders' equity The following additional information is...
Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for...
Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 20Y2 Dec 31, 2011 Assets Cash $143 $47 Accounts receivable (net) Inventories 117 Equipment Accumulated depreciation equipment Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Pald-in capital: Excess of issue price over par--common stock Retained earnings Total liabilities and stockholders' equity The following additional information is...
Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for...
Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 20Y2 Dec 31, 2011 Assets Cash $143 $47 Accounts receivable (net) Inventories 117 Equipment Accumulated depreciation equipment Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Pald-in capital: Excess of issue price over par--common stock Retained earnings Total liabilities and stockholders' equity The following additional information is...
SHOW Me How Calculator The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 2012 Dec. 31, 2041 Assets Cash $489.00 $163.00 4 Accounts receivable (net) 283.00 205.00 5 Inventories 180.00 111.00 6 Land 449.00 7 Equipment 396.00 228.00 (56.00) 179.00 8 Accumulated depreciation equipment Total assets (31.00) $1,076.00 $1,520.00 Liabilities and Stockholders'Equity 11 Accounts payable (merchandise creditors) $171.00 $162.00 12 Dividends payable 30.00 105.00 48.00 13 Common stock, $1 par...
#1
#2
ebook Show Me How Calculator Print tem Cash Flows from Operating Activities ---Indirect Method Staley Inc. reported the following data Net income Depreciation expense Loss on disse ment Increase in recible Increase in accounts payable 74,900 30 400 15.000 12 400 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minussion to indicate cash outflons, cash Dayments, decreases in cash, or any negative adjustments Staleyince Statement of...
eBook Show Me How Calculator Pri tem Entries for Bonds Payable and installment Note Transactions The following transactions were completed by Montague Inc., whose fiscal year is the calendar year: Year 1 Issued $7.970,000 of five year, 8% callable bonds dated July 1, Year 1, at a market (effective) rate of 9%, receiving cash of $7,654,677 July 1. Interest is payable semiannually on December 31 and June 30. Borrowed $310.000 by issuing a 10-year, 7% installment note to Intexicon Bank....
Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 20Y2 Dec 31, 2011 Assets Cash $143 $47 Accounts receivable (net) Inventories 117 Equipment Accumulated depreciation equipment Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Pald-in capital: Excess of issue price over par--common stock Retained earnings Total liabilities and stockholders' equity The following additional information is...
Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 20Y2 Dec 31, 2011 Assets Cash $143 $47 Accounts receivable (net) Inventories 117 Equipment Accumulated depreciation equipment Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Pald-in capital: Excess of issue price over par--common stock Retained earnings Total liabilities and stockholders' equity The following additional information is...
Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 20Y2 Dec 31, 2011 Assets Cash $143 $47 Accounts receivable (net) Inventories 117 Equipment Accumulated depreciation equipment Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Pald-in capital: Excess of issue price over par--common stock Retained earnings Total liabilities and stockholders' equity The following additional information is...
Most questions answered within 3 hours.
-
2. A retailer sells 10,000 units at $10. Each unit costs the
retailer $7.00 to sell,...
asked 2 minutes from now -
If the Stratosphere elevator in Las Vegas is 500 m above the
ground when the cables...
asked 10 minutes ago -
identify at least one other characteristics of the soils/sand
that may have impacted the growth of...
asked 16 minutes ago -
True or False
The following statements refer to The Web of Belief
10. An explanation of...
asked 18 minutes ago -
15)___________ A study was conducted to
test the effectiveness of aspirin on reducing
asked 26 minutes ago -
How fast must a centrifuge spin if a particle 8 cm from the axis
of rotation...
asked 27 minutes ago -
Which of the following is characteristic of a single exposure
common vehicle outbreak?
a. Wide range...
asked 29 minutes ago -
You are a member of an alpine rescue team and must get a box of
supplies,...
asked 32 minutes ago -
Where the conservation of biodiversity is concerned, can I be
assisted with these questions:
1. What...
asked 32 minutes ago -
A 79-Ω loudspeaker, a 8.0-Ω loudspeaker, and a 3.7-Ω loudspeaker
are connected in parallel across the...
asked 1 hour ago -
If X has a normal distribution with mean µ =
12 and variance σ2 = 9,...
asked 1 hour ago -
An example of an operational taxonomic unit
(OTU) is
a. Multiple sequence alignment.
b. Protein sequence....
asked 1 hour ago