Homework Answers
Statement of cash flow-Direct method
For the year ended 2020
| Cash flow from operating activities | ||
| Cash receipts from | ||
| Cash sales | 49100 | |
| Cash receipt from account receivable | 190800 | |
| 239900 | ||
| Less: Cash payment | ||
| Payment of account payable | -114800 | |
| Payment of operating expense | -28500 | |
| Payment of interest | -10100 | |
| Payment of income tax | -15300 | |
| Payment for salaries and wages | -57800 | |
| -226500 | ||
| Net cash flow from operating activities | 13400 | |
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The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of interest Cash...
LIIS LU Weygandt, Accounting Principles, 13e Help System Announcements CALCULATOR PRINTER VERSION BACK RCES Exercise 17-13...
LIIS LU Weygandt, Accounting Principles, 13e Help System Announcements CALCULATOR PRINTER VERSION BACK RCES Exercise 17-13 The 2020 accounting records of Blocker Transport reveal these transactions and events. deo) tudy Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net Income Payment of accounts payable for merchandise Payment for land $10,100 Collection of accounts receivable 49,100 Payment of salaries and wages 17,700 Depreciation expense 15,300 Proceeds from sale of vehicles 38,800 Purchase of equipment for cash...
Exercise 17-13 The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of...
Exercise 17-13 The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of interest $10,400 Collection of accounts receivable $190,800 Cash sales 50,900 Payment of salaries and wages 56,500 Receipt of dividend revenue 18,900 Depreciation expense 15,800 Payment of income taxes 16,200 Proceeds from sale of vehicles 11,600 Net income 38,300 Purchase of equipment for cash 22,000 Payment of accounts payable Loss on sale of vehicles 3,500 for merchandise 115,900 Payment of dividends 13,100 Payment for land...
all of 17.13 please *E17.13 (LO 4), Financial Statement The 2020 accounting records of Blocker Transport...
all
of 17.13 please
*E17.13 (LO 4), Financial Statement The 2020 accounting records of Blocker Transport reveal these transactions and events. Compute cash flow from operating activities - direct method. Payment of interest $182,000 10,000 48,000 Cash sales 53,000 Receipt of dividend revenue Payment of income taxes 18,000 12,000 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles 16,000 12,000 Net income 38,000...
prepare the cash flows from operating activities section using the direct method for blocker transport
prepare the cash flows from operating activities section using the
direct method for blocker transport
the accounting records of johnson pharmaceuticals, inc reveal the following The accounting records of Johnson Pharmaceuticals,...
the
accounting records of johnson pharmaceuticals, inc reveal the
following
The accounting records of Johnson Pharmaceuticals, Inc., reveal the following: Click the icon to view the accounting records.) Compute cash flows from operating activities by the direct method. Also evaluate Johnson's operating cash fow. Give the reason for your evaluation Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted for payments, and for a net decrease in cash.) Cash...
The accounting records of Princeton Pharmaceuticals, Inc., reveal the following: E (Click the icon to view...
The accounting records of Princeton Pharmaceuticals, Inc., reveal the following: E (Click the icon to view the accounting records.) Requirement Compute cash flows from operating activities by the direct method. Also evaluate Princeton's operating cash flow. Give the reason for your evaluation. Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted, for payments, and for a net decrease in cash.) Cash flows from operating activities: Receipts: Collection of dividend...
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount)...
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $320,000 of bonds, on which there was $3,200 of unamortized discount, for $333,000. b. Sold 7,000 shares of $15 par common stock for $27 per share. C. Sold equipment with a book value of $51,300 for $73,900. d. Purchased land for $436,000 cash. e. Purchased a building by paying $67,000 cash...
Condensed financial data of Cheng Inc. follow CHENG INC. Comparative Balance Sheets December 31 Assets 2020...
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I need help with this accounting homework assignment. Exercise 3: Statement of Cash Flows Required: Indicate...
I need help with this accounting homework assignment.
Exercise 3: Statement of Cash Flows Required: Indicate where each of the following would appear on a Statement of Cash Flows prepared using the direct method for the operating section: A. Cash flows from operating activities B. Cash flows from investing activities c. Cash flows from financing activities D. Schedule of significant noncash investing and financing activities E. Would not appear on a statement of cash flows prepared under the direct method...
QS 12-27B Direct: Computing cash from operations LO P5 2018 CRUZ, INC. Comparative Balance Sheets December...
QS 12-27B Direct: Computing cash from operations LO P5 2018 CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 Assets Cash $ 66,100 Accounts receivable, net 28,500 Inventory 59,700 Prepaid expenses 3,700 Total current assets 158,000 Furniture 74,600 Accum. depreciation Furniture (11,600) Total assets $221,000 Liabilities and Equity Accounts payable $ 10,400 Wages payable 6,300 Income taxes payable 1,000 Total current liabilities 17,700 Notes payable (long-term) 20,700 Total liabilities 38,400 Equity Common stock, $5 par value 159,500 Retained earnings 23,100...
LIIS LU Weygandt, Accounting Principles, 13e Help System Announcements CALCULATOR PRINTER VERSION BACK RCES Exercise 17-13 The 2020 accounting records of Blocker Transport reveal these transactions and events. deo) tudy Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net Income Payment of accounts payable for merchandise Payment for land $10,100 Collection of accounts receivable 49,100 Payment of salaries and wages 17,700 Depreciation expense 15,300 Proceeds from sale of vehicles 38,800 Purchase of equipment for cash...
all
of 17.13 please
*E17.13 (LO 4), Financial Statement The 2020 accounting records of Blocker Transport reveal these transactions and events. Compute cash flow from operating activities - direct method. Payment of interest $182,000 10,000 48,000 Cash sales 53,000 Receipt of dividend revenue Payment of income taxes 18,000 12,000 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles 16,000 12,000 Net income 38,000...
prepare the cash flows from operating activities section using the
direct method for blocker transport
the
accounting records of johnson pharmaceuticals, inc reveal the
following
The accounting records of Johnson Pharmaceuticals, Inc., reveal the following: Click the icon to view the accounting records.) Compute cash flows from operating activities by the direct method. Also evaluate Johnson's operating cash fow. Give the reason for your evaluation Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted for payments, and for a net decrease in cash.) Cash...
The accounting records of Princeton Pharmaceuticals, Inc., reveal the following: E (Click the icon to view the accounting records.) Requirement Compute cash flows from operating activities by the direct method. Also evaluate Princeton's operating cash flow. Give the reason for your evaluation. Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted, for payments, and for a net decrease in cash.) Cash flows from operating activities: Receipts: Collection of dividend...
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $320,000 of bonds, on which there was $3,200 of unamortized discount, for $333,000. b. Sold 7,000 shares of $15 par common stock for $27 per share. C. Sold equipment with a book value of $51,300 for $73,900. d. Purchased land for $436,000 cash. e. Purchased a building by paying $67,000 cash...
Condensed financial data of Cheng Inc. follow CHENG INC. Comparative Balance Sheets December 31 Assets 2020 Cash $106,200 Accounts receivable 91,600 Inventory 111,800 Prepaid expenses 29,400 Investments 140,500 Equipment 264,200 Accumulated depreciation equipment (46,500) Total $697,200 2019 $47,400 33,900 101,500 25,500 114,800 242,100 (52,900) $512,300 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $111,300 16,100 111,000 220,000 238,800 $697.200 $67.100 17,300 149,300 174,700 103.900 $512,300 5392,900 CHENG INC. Income Statement For the...
I need help with this accounting homework assignment.
Exercise 3: Statement of Cash Flows Required: Indicate where each of the following would appear on a Statement of Cash Flows prepared using the direct method for the operating section: A. Cash flows from operating activities B. Cash flows from investing activities c. Cash flows from financing activities D. Schedule of significant noncash investing and financing activities E. Would not appear on a statement of cash flows prepared under the direct method...
QS 12-27B Direct: Computing cash from operations LO P5 2018 CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 Assets Cash $ 66,100 Accounts receivable, net 28,500 Inventory 59,700 Prepaid expenses 3,700 Total current assets 158,000 Furniture 74,600 Accum. depreciation Furniture (11,600) Total assets $221,000 Liabilities and Equity Accounts payable $ 10,400 Wages payable 6,300 Income taxes payable 1,000 Total current liabilities 17,700 Notes payable (long-term) 20,700 Total liabilities 38,400 Equity Common stock, $5 par value 159,500 Retained earnings 23,100...
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