Homework Answers
| Statement of cash flow | |||||||
| cash from operating activities | |||||||
| net income for the year | 500,000 | ||||||
| Adjustments to reconcile net income to | |||||||
| net cash from operating activities | |||||||
| Depreciation expense | 100000 | ||||||
| increase in accounts receivable | -50000 | ||||||
| increase in inventories | -20000 | ||||||
| Gain from sale of investments | -75000 | ||||||
| increase in accounts payable | 40,000 | ||||||
| decrease in accrued expenses payable | -5000 | ||||||
| net cash from operating activities | 490,000 | ||||||
| cash from investing activities | |||||||
| cash from sale of investment | 175,000 | ||||||
| purchase of land | -500,000 | ||||||
| purchase of equipment | -200000 | ||||||
| cash used by investing activities | -525,000 | ||||||
| Cash from financing activity | |||||||
| cash from stock issue | 125000 | ||||||
| cash dividend | -85000 | ||||||
| Cash from financing activity | 40000 | ||||||
| net increase in cash | 5,000 | ||||||
| cash at the beginning of the year | 150,000 | ||||||
| cash at year end | 155,000 | ||||||
Add Answer to:
✓ Net cash flow from operating activities, $490,000 PR 16-1A Statement of cash flows-indirect method O...
Statement of cash flows-indirect method PR 16-1A ow from ivities, The comparative balance sheet of Flack...
Statement of cash flows-indirect method PR 16-1A ow from ivities, The comparative balance sheet of Flack Inc. for December 31, 2013 and 2012, is shown as follows: Dec. 31, 2012 Dec. 31, 2013 Assets $219,720 $234,660 85,440 Cash 78,360 Accounts receivable (net) 231,420 240,660 Inventories ........ 90,000 Investments Land ... Equipment... Accumulated depreciation-equipment . 123,000 264,420 207,420 ...... (62,400) S885,780 (55,500) $771,420 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors).... Accrued expenses payable (operating expenses) Dividends payable.. Common stock, $1...
PR 16-1A Statement of cash flows-indirect method The comparative balance sheet of Flack Inc. for December...
PR 16-1A Statement of cash flows-indirect method The comparative balance sheet of Flack Inc. for December 31, 2013 and 2012, is shown as follows: Dec 31, 2013 Dec 31, 2012 Assets Cash ........ $234,660 $219,720 Accounts receivable (net)........... ..... 85,440 78,360 Inventories .......... 240,660 231,420 Investments .... 90,000 Land 123,000 Equipment. 264,420 207,420 Accumulated depreciation--equipment ........... (62.400) (55,500) $885,780 $771,420 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) ................ $159,180 $151,860 Accrued expenses payable (operating expenses) ..... 15,840 19,740 Dividends...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4,5 the comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017 is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets Cash.**** SHOW ME HOW TCL TEMPLATE $ 80,000 275,000 510,000 15,000 1,070,000 (200,000) $1,750,000 $100,000 300,000 400,000 10,000 750,000 (160,000) $1,400,000 Accounts receivable (net)..... Inventories... Prepaid expenses ...... Equipment..... Accumulated depreciation equipment.. Total assets....
Page 1 of 2 Cash Flows from Operating Activities-Indirect Method The net income reported on the...
Page 1 of 2 Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $185,000 recorded on equipment and a building amounted to $96,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: . Depreciation End of Year Beginning of Year Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Salaries payable s75,900 84,550 186,200...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31,...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $260,450 $245,350 Accounts receivable (net) 94,350 88,120 Inventories 266,360 260,900 Investments 0 101,080 Land 136,610 0 Equipment 293,870 230,670 Accumulated depreciation—equipment (68,800) (62,200) Total assets $982,840 $863,920 Liabilities and Stockholders' Equity Accounts payable $177,890 $170,190 Accrued expenses payable 17,690 22,460 Dividends payable 9,830 7,780 Common stock, $10 par 53,070 42,330...
Calculator Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions...
Calculator Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 1 Dec 31, 2093 Dec 31, 2012 2 Assets 3 Cash $625,650.00 $586,340.00 Accounts receivable (net) 228,170.00 208,030.00 5 Inventories 641,480.00 617,130.00 6 Investments 0.00 240,290.00 7 Land 328,170.00 0.00 * Equipment Accumulated depreciation-equipment 706,070.00 552,300.00 10 Total assets (165,580.00) $2,363,960.00 (147,010.00) $2,057,080.00 11 Liabilities and Stockholders'...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Livers Inc. for December 31, 20Y3...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: Dec. 31, 20Y3 Dec. 31, 20Y2 Assets Cash $260,120 $240,850 Accounts receivable (net) 94,230 86,500 Inventories 266,000 256,120 Investments 0 99,230 Land 136,440 0 Equipment 293,490 226,440 Accumulated depreciation-equipment (68,710) (61,060) Total assets $981,570 $848,080 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $177,660 $167,070 Accrued expenses payable (operating expenses) 17,670 22,050 Dividends payable 9,820 7,630 Common stock,...
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...
Statement of cash flows-indirect method PR 16-1A ow from ivities, The comparative balance sheet of Flack Inc. for December 31, 2013 and 2012, is shown as follows: Dec. 31, 2012 Dec. 31, 2013 Assets $219,720 $234,660 85,440 Cash 78,360 Accounts receivable (net) 231,420 240,660 Inventories ........ 90,000 Investments Land ... Equipment... Accumulated depreciation-equipment . 123,000 264,420 207,420 ...... (62,400) S885,780 (55,500) $771,420 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors).... Accrued expenses payable (operating expenses) Dividends payable.. Common stock, $1...
PR 16-1A Statement of cash flows-indirect method The comparative balance sheet of Flack Inc. for December 31, 2013 and 2012, is shown as follows: Dec 31, 2013 Dec 31, 2012 Assets Cash ........ $234,660 $219,720 Accounts receivable (net)........... ..... 85,440 78,360 Inventories .......... 240,660 231,420 Investments .... 90,000 Land 123,000 Equipment. 264,420 207,420 Accumulated depreciation--equipment ........... (62.400) (55,500) $885,780 $771,420 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) ................ $159,180 $151,860 Accrued expenses payable (operating expenses) ..... 15,840 19,740 Dividends...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4,5 the comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017 is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets Cash.**** SHOW ME HOW TCL TEMPLATE $ 80,000 275,000 510,000 15,000 1,070,000 (200,000) $1,750,000 $100,000 300,000 400,000 10,000 750,000 (160,000) $1,400,000 Accounts receivable (net)..... Inventories... Prepaid expenses ...... Equipment..... Accumulated depreciation equipment.. Total assets....
Page 1 of 2 Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $185,000 recorded on equipment and a building amounted to $96,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: . Depreciation End of Year Beginning of Year Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Salaries payable s75,900 84,550 186,200...
Calculator Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 1 Dec 31, 2093 Dec 31, 2012 2 Assets 3 Cash $625,650.00 $586,340.00 Accounts receivable (net) 228,170.00 208,030.00 5 Inventories 641,480.00 617,130.00 6 Investments 0.00 240,290.00 7 Land 328,170.00 0.00 * Equipment Accumulated depreciation-equipment 706,070.00 552,300.00 10 Total assets (165,580.00) $2,363,960.00 (147,010.00) $2,057,080.00 11 Liabilities and Stockholders'...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: Dec. 31, 20Y3 Dec. 31, 20Y2 Assets Cash $260,120 $240,850 Accounts receivable (net) 94,230 86,500 Inventories 266,000 256,120 Investments 0 99,230 Land 136,440 0 Equipment 293,490 226,440 Accumulated depreciation-equipment (68,710) (61,060) Total assets $981,570 $848,080 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $177,660 $167,070 Accrued expenses payable (operating expenses) 17,670 22,050 Dividends payable 9,820 7,630 Common stock,...
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.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 2 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 4 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 5 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 5 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 6 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 8 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 7 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 9 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago