Help me fill in the blanks! Prepare a statement of cash flows using the indirect method.
Homework Answers
| Statement of cash flow | ||||||||
| Net operating income | 22,800 | |||||||
| Adjustments to reconcile net income | ||||||||
| to net cash cash from operating activities | ||||||||
| Depreciation expens e | 4300 | |||||||
| loss on sale of land | (6700-4600) | 2100 | ||||||
| Decrease in account receivable | 3000 | |||||||
| Decrease in accounts payable | -16500 | |||||||
| -7,100 | ||||||||
| Net cash provided by operating activities | 15,700 | |||||||
| Cash flow from investing activities | ||||||||
| net cash provided by investing activities | 4,600 | |||||||
| Cash flow from financing activities | ||||||||
| Dividends | -18,100 | |||||||
| Cash from common stock issue | 1,600 | |||||||
| net cash used by financing activities | -16,500 | |||||||
| net increase incash | 3,800 | |||||||
| cash at the beginning | 10,700 | |||||||
| cash at year end | 14,500 | |||||||
Add Answer to:
Help me fill in the blanks! Prepare a statement of cash flows
using the indirect method....
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balanoe Sheets December 31 2020...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balanoe Sheets December 31 2020 2019 Cash $14,500 $10,700 Accounts receivable 20,800 23,800 Land 19,600 26,300 Buildings Accumulated deprediation-buildings 70,100 70,100 (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11,800 $28,300 Common stock Retained eamings 75,000 73,400 23,200 18,500 Total $110,000 $120,200 Additional information: 1. Net income was $22,800. Dividends dedared and paid were $18,100, 2. No noncash investing and finandng activities occurred during 2020. 3. The land was sold...
Prepare a statement of cash flows for 2020 using the indirect method. Rojas Corporation's comparative balance...
Prepare a statement of cash flows for 2020 using the indirect
method.
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land $14,900 21,500 19,700 70,100 (14,800) $111,400 $10,400 23,400 25,900 70,100 (10,700) $119,100 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings $12,100 75,400 23,900 $111,400 $28,300 73,600 17,200 $119,100 Total Additional information: 1. Net income was $22,400. Dividends declared and paid were $15,700. 2. No noncash...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14.500 $10,700 Accounts receivable Land 20,800 19,600 70,100 23,800 26,300 70,100 Buildings Accumulated depreciation-buildings (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11.800 $28,300 Common stock 75,000 73.400 Retained earnings 23,200 18,500 Total $110,000 $120.200 Additional information: 1. Net income was $22,800. Dividends declared and paid were $18,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold...
Exercise 12-8 (Part Level Submission) Concord Corporation’s comparative balance sheets are presented below. Concord Corporation Comparative...
Exercise 12-8 (Part Level Submission) Concord Corporation’s comparative balance sheets are presented below. Concord Corporation Comparative Balance Sheets December 31 2019 2018 Cash $ 14,500 $ 10,700 Accounts receivable 20,800 23,800 Land 19,600 26,300 Buildings 70,100 70,100 Accumulated depreciation—buildings (15,000 ) (10,700 ) Total $110,000 $120,200 Accounts payable $ 11,800 $ 28,300 Common stock 75,000 73,400 Retained earnings 23,200 18,500 Total $110,000 $120,200 Additional information: 1. Net income was $22,800. Dividends declared and paid were $18,100. 2. No noncash investing...
Rojas Corporation’s comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020...
Rojas Corporation’s comparative balance sheets are presented
below.
ROJAS CORPORATION
Comparative Balance Sheets
December 31
2020
2019
Cash
$14,500
$10,700
Accounts receivable
20,800
23,800
Land
19,600
26,300
Buildings
70,100
70,100
Accumulated depreciation—buildings
(15,000
)
(10,700
)
Total
$110,000
$120,200
Accounts payable
$11,800
$28,300
Common stock
75,000
73,400
Retained earnings
23,200
18,500
Total
$110,000
$120,200
Additional information:
1.
Net income was $22,800. Dividends declared and paid were
$18,100.
2.
No noncash investing and financing activities occurred during
2020.
3.
The land...
RACK 2019 ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $14.900 Accounts receivable 21.500 Land...
RACK 2019 ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $14.900 Accounts receivable 21.500 Land Buildings 70,100 Accumulated depreciation buildings (14.800) $111.00 $10,400 70,100 (10,700) 119.100 Accounts payable Commons $12.100 75.000 520,300 73.600 17,200 119.100 5111,400 1. Net income was 22,400. Dividends declared and paid were $15.700 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of 54.900 Prepare a statement of cash flows for 2020 using the indirect method (Show...
PLEASE DO NOT FORGET THE COMPUTE FREE CASH FLOW. Exercise 12-08 a-b (Part Level Submission) Skysong,...
PLEASE DO NOT FORGET THE COMPUTE FREE CASH FLOW.
Exercise 12-08 a-b (Part Level Submission) Skysong, Inc.'s comparative balance sheets are presented below. Skysong, Inc. Comparative Balance Sheets December 31 2019 Cash $ 14,900 Accounts receivable 21,500 Land 19,700 Buildings 70,100 Accumulated depreciation-buildings (14,800) Total $111,400 2018 $ 10,400 23,400 25,900 70,100 (10,700) $119,100 Accounts payable Common stock Retained earnings Total $ 12,100 75,400 23,900 $111,400 $ 28,300 73,600 17,200 $119,100 Additional information: 1. Net income was $22,400. Dividends declared...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare...
Statement of Cash Flows (Indirect Method)
Use the following information regarding the Newcastle Corporation
to prepare a statement of cash flows using the indirect method:
Remember to use negative signs with answers when
appropriate.
Accounts payable decrease Accounts receivable increase Wages payable decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from...
Help me solve. Prepare a statement of cash flows using the indirect method. Need help solving...
Help me solve. Prepare a statement of cash flows using the
indirect method. Need help solving for the answers in the red
highlighted blanks.
CHENG INC. Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Investments Equipment Accumulated depreciation-equipment 2020 $119,400 92,500 112,600 29,100 140,600 264,200 2019 $47,400 32,000 102,600 25,300 114,700 243,000 (46,400) (51,600) $712,000$513,400 Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payablee Bonds payable Common stock Retained earnings $68,000 17,500 149,100 175,100 103,700...
IS (LO 2, 3) Financial Statement Rojas Corporati corporation's comparative balance sheets are presented below Prepare...
IS (LO 2, 3) Financial Statement Rojas Corporati corporation's comparative balance sheets are presented below Prepare statement of cash flows and confule free cash flow, Rojas Corporation Comparative Balance Sheets December 31 2020 Cash $ 14,300 Accounts receivable 21.200 Land 20,000 Buildings 70,000 Accumulated depreciation buildings (15,000 Total $110.500 $ 12,370 Accounts payable 75,000 Common stock 23.130 Retained earnings $110,500 Total 2019 $ 10,700 23,400 26,000 70,000 (10,000) $120,100 went of cash flows $ 31.100 69,000 20,000 $120,100 Stamos Corpora...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balanoe Sheets December 31 2020 2019 Cash $14,500 $10,700 Accounts receivable 20,800 23,800 Land 19,600 26,300 Buildings Accumulated deprediation-buildings 70,100 70,100 (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11,800 $28,300 Common stock Retained eamings 75,000 73,400 23,200 18,500 Total $110,000 $120,200 Additional information: 1. Net income was $22,800. Dividends dedared and paid were $18,100, 2. No noncash investing and finandng activities occurred during 2020. 3. The land was sold...
Prepare a statement of cash flows for 2020 using the indirect
method.
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land $14,900 21,500 19,700 70,100 (14,800) $111,400 $10,400 23,400 25,900 70,100 (10,700) $119,100 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings $12,100 75,400 23,900 $111,400 $28,300 73,600 17,200 $119,100 Total Additional information: 1. Net income was $22,400. Dividends declared and paid were $15,700. 2. No noncash...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14.500 $10,700 Accounts receivable Land 20,800 19,600 70,100 23,800 26,300 70,100 Buildings Accumulated depreciation-buildings (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11.800 $28,300 Common stock 75,000 73.400 Retained earnings 23,200 18,500 Total $110,000 $120.200 Additional information: 1. Net income was $22,800. Dividends declared and paid were $18,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold...
Rojas Corporation’s comparative balance sheets are presented
below.
ROJAS CORPORATION
Comparative Balance Sheets
December 31
2020
2019
Cash
$14,500
$10,700
Accounts receivable
20,800
23,800
Land
19,600
26,300
Buildings
70,100
70,100
Accumulated depreciation—buildings
(15,000
)
(10,700
)
Total
$110,000
$120,200
Accounts payable
$11,800
$28,300
Common stock
75,000
73,400
Retained earnings
23,200
18,500
Total
$110,000
$120,200
Additional information:
1.
Net income was $22,800. Dividends declared and paid were
$18,100.
2.
No noncash investing and financing activities occurred during
2020.
3.
The land...
RACK 2019 ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $14.900 Accounts receivable 21.500 Land Buildings 70,100 Accumulated depreciation buildings (14.800) $111.00 $10,400 70,100 (10,700) 119.100 Accounts payable Commons $12.100 75.000 520,300 73.600 17,200 119.100 5111,400 1. Net income was 22,400. Dividends declared and paid were $15.700 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of 54.900 Prepare a statement of cash flows for 2020 using the indirect method (Show...
PLEASE DO NOT FORGET THE COMPUTE FREE CASH FLOW.
Exercise 12-08 a-b (Part Level Submission) Skysong, Inc.'s comparative balance sheets are presented below. Skysong, Inc. Comparative Balance Sheets December 31 2019 Cash $ 14,900 Accounts receivable 21,500 Land 19,700 Buildings 70,100 Accumulated depreciation-buildings (14,800) Total $111,400 2018 $ 10,400 23,400 25,900 70,100 (10,700) $119,100 Accounts payable Common stock Retained earnings Total $ 12,100 75,400 23,900 $111,400 $ 28,300 73,600 17,200 $119,100 Additional information: 1. Net income was $22,400. Dividends declared...
Statement of Cash Flows (Indirect Method)
Use the following information regarding the Newcastle Corporation
to prepare a statement of cash flows using the indirect method:
Remember to use negative signs with answers when
appropriate.
Accounts payable decrease Accounts receivable increase Wages payable decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from...
Help me solve. Prepare a statement of cash flows using the
indirect method. Need help solving for the answers in the red
highlighted blanks.
CHENG INC. Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Investments Equipment Accumulated depreciation-equipment 2020 $119,400 92,500 112,600 29,100 140,600 264,200 2019 $47,400 32,000 102,600 25,300 114,700 243,000 (46,400) (51,600) $712,000$513,400 Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payablee Bonds payable Common stock Retained earnings $68,000 17,500 149,100 175,100 103,700...
IS (LO 2, 3) Financial Statement Rojas Corporati corporation's comparative balance sheets are presented below Prepare statement of cash flows and confule free cash flow, Rojas Corporation Comparative Balance Sheets December 31 2020 Cash $ 14,300 Accounts receivable 21.200 Land 20,000 Buildings 70,000 Accumulated depreciation buildings (15,000 Total $110.500 $ 12,370 Accounts payable 75,000 Common stock 23.130 Retained earnings $110,500 Total 2019 $ 10,700 23,400 26,000 70,000 (10,000) $120,100 went of cash flows $ 31.100 69,000 20,000 $120,100 Stamos Corpora...
Most questions answered within 3 hours.
-
in a region where a constant electric field is maintained, a
proton and an electron are...
asked 1 minute ago -
Simple Advice to a Chief Executive
This activity requires you to advise a business’s Chief
Executive...
asked 6 minutes ago -
Calculate the mass of camphor C10H16O that contains a billion
(1.000x10^9) carbon atoms.
.
asked 10 minutes ago -
In a poll of 504 human resource professionals, 46.4% said that
body piercings and tattoos were...
asked 38 minutes ago -
4. what is group think? does group think bring positive or
negative result? please justify your...
asked 30 minutes ago -
describe conditions and outcomes of boiling
pasteurization and surfacing. which of these treatment can be
considered...
asked 37 minutes ago -
Who is responsible for the protection of information assets of
an organization? What are the four...
asked 32 minutes ago -
A point charge with charge q1 = 4.00 μC is held stationary at
the origin. A...
asked 35 minutes ago -
AdrenalineAdrenaline
Sports Company makes snowboards, downhill skis, cross-country
skis, skateboards, surfboards, and in-line skates. The company...
asked 40 minutes ago -
Compare the Forfaiting and Factoring forms of export
financing
asked 43 minutes ago -
Europe in the 19th century was not dominated by:
a. the scientific quest
b. economic collectivism...
asked 52 minutes ago -
"The economic theory suggests that consumers will not shop at or
spend their money with a...
asked 56 minutes ago