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 flow statement help please!
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Prepare a cash flow statement using the indirect method for
2018:
ABC Company Balance Sheet(s) 31-Dec...
Help finding the free cash flow to equity and free cash flow to firm! Balance Sheet...
Help finding the free cash flow to equity and free cash flow to
firm!
Balance Sheet
Income Statement:
Assets Cash Accounts Receivable Inventories Total Current Assets 2008 55,528 $ 632,160 1,287,360 1,975,048 2007 57,600 375,000 727,128 1,159,728 Land, Plant & Equipment Land Buildings Less: Accumulated Depreciation Equipment Less: Accumulated Depreciation Total Land, Plant & Equipment 145,000 280,000 (46,750) 450,000 (137,200) 691,050 65,000 150,000 (36,000) 305,000 (110,200) 373,800 Investments Total Assets 19,000 2,685,098 26,000 1.559,528 $ $ Liabilities & Equity Accounts...
Veesperna Company Balance Sheet As at December 31 2018 2017 Assets Current Assets Cash Accounts R...
need to find the sale of equipment
Veesperna Company Balance Sheet As at December 31 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Total Current Assets Land Equipment Less: Accumulated Depreciation $-55,000 $-69,000 Total Assets $109,915 $75,100 $47,600 $29,900 $78,600 $46,500 $236,115 $151,500 $96,000 $103,000 $106,000 $139,000 $383,115 $324,500 Liabilities and Equity Liabilities Current Liabilities Accounts Payable Taxes Payable Total Current Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and...
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):...
Prepare a Cash Flow statement using indirect method Robust Robots, Inc. Comparative Balance Sheet December 31,...
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...
Prepare a statement of cash flow using the indirect method for this year and determine the...
Prepare a statement of cash flow using the indirect method for
this year and determine the free cash flow. I have completed this
this but I want to make sure my numbers add up correctly and not
just a coincidence.
Excel Assignment #1 - Statement of Cash Flow Spring Semester Northern Illinois Manufacturing prepared the balance sheet and income statement for this year. Now the company needs to prepare its statement of cash flow. The comparative balance sheets for Northern...
Prepare a statement of cash flow on both the direct and indirect method 2019 2018 Assets:...
Prepare a statement of cash flow on both the direct and indirect method 2019 2018 Assets: Cash 245,000 120,000 Accounts receivable, net 87,000 65,000 Inventory 54,000 60,000 Property, plant & equipment 650,000 600,000 Accumulated depreciation (90,000) (60,000) Total Assets 946,000 785,000 Liabilities & Equity Accounts payable 44,000 40,000 Accrued liabilities 41,000 40,000 Common stock 460,000 460,000 Retained earnings 401,000 245,000 Total liabilities and equity 946,000 785,000 Sales 1,150,000 Cost of goods sold 625,000 Gross profit 525,000 Operating expenses 180,000 Pre-tax...
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:...
Statement of Cash Flows (Indirect Method) The Sky Company's income statement and comparative balance sheets as...
Statement of Cash Flows (Indirect Method) The Sky Company's income statement and comparative balance sheets as of December 31 of 2019 and 2018 follow: SKY COMPANY Income Statement For the Year Ended December 31, 2019 Sales Revenue $800,000 Dividend Income 19,000 819,000 Cost of Goods Sold $440,000 Wages and Other Operating Expenses 130,000 Depreciation Expense 39,000 Patent Amortization Expense 7,000 Interest Expense 13,000 Income Tax Expense 30,000 Loss on Sale of Equipment 5,000 Gain on Sale of Investments (10,000) 654,000...
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...
Help finding the free cash flow to equity and free cash flow to
firm!
Balance Sheet
Income Statement:
Assets Cash Accounts Receivable Inventories Total Current Assets 2008 55,528 $ 632,160 1,287,360 1,975,048 2007 57,600 375,000 727,128 1,159,728 Land, Plant & Equipment Land Buildings Less: Accumulated Depreciation Equipment Less: Accumulated Depreciation Total Land, Plant & Equipment 145,000 280,000 (46,750) 450,000 (137,200) 691,050 65,000 150,000 (36,000) 305,000 (110,200) 373,800 Investments Total Assets 19,000 2,685,098 26,000 1.559,528 $ $ Liabilities & Equity Accounts...
need to find the sale of equipment
Veesperna Company Balance Sheet As at December 31 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Total Current Assets Land Equipment Less: Accumulated Depreciation $-55,000 $-69,000 Total Assets $109,915 $75,100 $47,600 $29,900 $78,600 $46,500 $236,115 $151,500 $96,000 $103,000 $106,000 $139,000 $383,115 $324,500 Liabilities and Equity Liabilities Current Liabilities Accounts Payable Taxes Payable Total Current Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and...
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):...
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...
Prepare a statement of cash flow using the indirect method for
this year and determine the free cash flow. I have completed this
this but I want to make sure my numbers add up correctly and not
just a coincidence.
Excel Assignment #1 - Statement of Cash Flow Spring Semester Northern Illinois Manufacturing prepared the balance sheet and income statement for this year. Now the company needs to prepare its statement of cash flow. The comparative balance sheets for Northern...
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:...
Statement of Cash Flows (Indirect Method) The Sky Company's income statement and comparative balance sheets as of December 31 of 2019 and 2018 follow: SKY COMPANY Income Statement For the Year Ended December 31, 2019 Sales Revenue $800,000 Dividend Income 19,000 819,000 Cost of Goods Sold $440,000 Wages and Other Operating Expenses 130,000 Depreciation Expense 39,000 Patent Amortization Expense 7,000 Interest Expense 13,000 Income Tax Expense 30,000 Loss on Sale of Equipment 5,000 Gain on Sale of Investments (10,000) 654,000...
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...
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