Homework Answers
Ans:
| Blossom Company | |
| Statement of cash Flows | |
| For the Year Ended December 31,2022 | Amount($) |
| Cash Flow From Operating Activities | |
| Cash Received from Customers | 131,400.00 |
| Cash Paid to Suppliers | -104,800.00 |
| Net Cash Flow From Operating Activities | 26,600.00 |
| Cash Flow from Investing Activities | |
| Cash Paid to Purchase Equipment | -11,500.00 |
| Net cash flows from Investing Activities | -11,500.00 |
| Cash Flow Financing Activities | |
| Cash Received from Issuance of Common Stock | 22,700.00 |
| Cash Dividends Paid | -6,700.00 |
| Net Cash Flow Financing Activities | 16,000.00 |
| Net Increase (Decrease) In cash | 31,100.00 |
| Cash at the beginning of the period | 7,700.00 |
| Cash at the end of the Period | 38,800.00 |
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Presented below is selected financial information for Blossom Company for December 31, 2022. Inventory $ 25,100...
In Accounting Presented below is selected financial information for Cullumber Company for December 31, 2022. Inventory...
In Accounting
Presented below is selected financial information for Cullumber Company for December 31, 2022. Inventory $ 24,300 Cash paid to purchase equipment $ 11,200 Cash paid to suppliers 39,800 103,100 Equipment 200,800 Service revenue Buildings 103,500 Common stock 50,100 Cash received from customers 5,600 Cash received from issuing common stock 133,000 21,900 Cash dividends paid Cash at beginning of period 8,700 Prepare the statement of cash flows for Cullumber Company. (Show amounts that decrease cash flow either with a...
Presented below is selected financial information for Sandhill Co. for December 31, 2022. Inventory $24,900 Cash...
Presented below is selected financial information for Sandhill Co. for December 31, 2022. Inventory $24,900 Cash paid to purchase equipment $12.300 Cash paid to suppliers 104,300 Equipmant 37,900 Buildings 199,200 Service revenue 100,400 Cash received from customers Common stock 49.000 133,000 Cash dividends paid 7,700 Cash rsceived from issuing common stock 22.000 Cash at beginning of period 7,800 (a) Prepare the statement of cash fiovs for Sandhill Co. (Showamounts that decrease cash fiow either with a negative sign preceding the...
Presented below is selected financial information for Tamarisk, Inc. for the year ended December 31, 2017...
Presented below is selected financial information for Tamarisk, Inc. for the year ended December 31, 2017 Inventoryy Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 24,400 Cash paid to purchase equipment 104,900 Equipment 198,200 Service revenue 11,000 38,500 106,200 132,000 5,500 Cash received from issuing common stock 21,500 49,800 Cash received from customers 8,100 (a) Prepare the statement of cash flows for Tamarisk, Inc. (Show amounts that decrease cash flow either with a...
rdings Presented below is selected financial information for Sandhill Co. for December 31, 2022 $11.200 38,700...
rdings Presented below is selected financial information for Sandhill Co. for December 31, 2022 $11.200 38,700 Inventory $ 24,400 Cash paid to purchase equipment Cash paid to suppliers 104,200 Equipment Buildings 201,000 Service revenue Common stock 49,800 Cash received from customers Cash dividends paid 7,600 Cash received from issuing common stock Cash at beginning of period 9.500 102,700 132,300 21,600 D Prepare the statement of cash flows for Sandhill Co. (Show amounts that decrease cash flow either with a negative...
Problem 1-4A Inc. for the year ended December 31,2017 Presented below is selected financial information for...
Problem 1-4A Inc. for the year ended December 31,2017 Presented below is selected financial information for Kingbird, Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 7,400 $12,000 42,700 103,400 132,400 7,100 Cash received from issuing common stock 21,800 $24,500 Cash paid to purchase equipment 103,900 Equipment 199,800 Service revenue 50,100 Cash received from customers (a) Prepare the statement of cash flows for Kingbird, Inc. (Show amounts that decrease cash flow either with...
Problem 1-4 Presented below is selected financial information for Oriole Company for December 31, 2017. Inventory...
Problem 1-4 Presented below is selected financial information for Oriole Company for December 31, 2017. Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $ 24,100 Cash paid to purchase equipment 104,100 Equipment 200,700 Service revenue 49,000 Cash received from customers 7,600 Cash received from issuing common stock 8,000 $ 12,100 40,900 106,400 131,000 21,500 Oriole Company Statement of Cash Flows
Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31...
Presented below are the financial statements of Blossom
Company.
Blossom Company
Comparative Balance Sheets
December 31
Assets
2022
2021
Cash
$ 98,000
$ 56,000
Accounts receivable
56,000
39,200
Inventory
78,400
56,000
Property, plant, and equipment
168,000
218,400
Accumulated depreciation
(89,600
)
(67,200
)
Total
$310,800
$302,400
Liabilities and Stockholders’ Equity
Accounts payable
$ 53,200
$ 42,000
Income taxes payable
19,600
22,400
Bonds payable
47,600
92,400
Common stock
50,400
39,200
Retained earnings
140,000
106,400
Total
$310,800
$302,400
Blossom Company
Income Statement...
Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31...
Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31 Assets 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 76,650 43,800 43,800 30,660 61,320 43,a 131,400 170,820 (70,080) (52,560) 243,090 $236,520 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 41,610 32,850 15,330 17,520 37,230 72,270 39420 30.660 83,220 $243,090 $236,520 109,500 Company Income Statement For the Year Ended 31, 2017 529,980...
This information is for Sheridan Company for the year ended December 31, 2022. Cash received from...
This information is for Sheridan Company for the year ended December 31, 2022. Cash received from lenders Cash received from customers Cash paid for new equipment Cash dividends paid Cash paid to suppliers Cash balance 1/1/22 $22,800 45,600 27,500 6,800 16,900 11.900 Prepare the 2022 statement of cash flows for Sheridan Company. (Show amounts that decrease cash flow either with a negative sin preceding the number e.g. -15,000 or in parentheses e.s. (15,000).) Sheridan Company Statement of Cash Flows For...
Problem 1-4A Presented below is selected financial information for Coronado Industries for the year ended December...
Problem 1-4A Presented below is selected financial information for Coronado Industries for the year ended December 31, 2017 Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $25,900 Cash paid to purchase equipment 103,700 Equipment 199,200 Service revenue $12,500 41,600 103,400 132,100 6,100 Cash received from issuing common stock 21,900 49,300 Cash received from customers 7,400 Coronado Industries Statement of Cash Flows For the Year Ended December 31, 2017-
In Accounting
Presented below is selected financial information for Cullumber Company for December 31, 2022. Inventory $ 24,300 Cash paid to purchase equipment $ 11,200 Cash paid to suppliers 39,800 103,100 Equipment 200,800 Service revenue Buildings 103,500 Common stock 50,100 Cash received from customers 5,600 Cash received from issuing common stock 133,000 21,900 Cash dividends paid Cash at beginning of period 8,700 Prepare the statement of cash flows for Cullumber Company. (Show amounts that decrease cash flow either with a...
Presented below is selected financial information for Sandhill Co. for December 31, 2022. Inventory $24,900 Cash paid to purchase equipment $12.300 Cash paid to suppliers 104,300 Equipmant 37,900 Buildings 199,200 Service revenue 100,400 Cash received from customers Common stock 49.000 133,000 Cash dividends paid 7,700 Cash rsceived from issuing common stock 22.000 Cash at beginning of period 7,800 (a) Prepare the statement of cash fiovs for Sandhill Co. (Showamounts that decrease cash fiow either with a negative sign preceding the...
Presented below is selected financial information for Tamarisk, Inc. for the year ended December 31, 2017 Inventoryy Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 24,400 Cash paid to purchase equipment 104,900 Equipment 198,200 Service revenue 11,000 38,500 106,200 132,000 5,500 Cash received from issuing common stock 21,500 49,800 Cash received from customers 8,100 (a) Prepare the statement of cash flows for Tamarisk, Inc. (Show amounts that decrease cash flow either with a...
rdings Presented below is selected financial information for Sandhill Co. for December 31, 2022 $11.200 38,700 Inventory $ 24,400 Cash paid to purchase equipment Cash paid to suppliers 104,200 Equipment Buildings 201,000 Service revenue Common stock 49,800 Cash received from customers Cash dividends paid 7,600 Cash received from issuing common stock Cash at beginning of period 9.500 102,700 132,300 21,600 D Prepare the statement of cash flows for Sandhill Co. (Show amounts that decrease cash flow either with a negative...
Problem 1-4A Inc. for the year ended December 31,2017 Presented below is selected financial information for Kingbird, Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 7,400 $12,000 42,700 103,400 132,400 7,100 Cash received from issuing common stock 21,800 $24,500 Cash paid to purchase equipment 103,900 Equipment 199,800 Service revenue 50,100 Cash received from customers (a) Prepare the statement of cash flows for Kingbird, Inc. (Show amounts that decrease cash flow either with...
Problem 1-4 Presented below is selected financial information for Oriole Company for December 31, 2017. Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $ 24,100 Cash paid to purchase equipment 104,100 Equipment 200,700 Service revenue 49,000 Cash received from customers 7,600 Cash received from issuing common stock 8,000 $ 12,100 40,900 106,400 131,000 21,500 Oriole Company Statement of Cash Flows
Presented below are the financial statements of Blossom
Company.
Blossom Company
Comparative Balance Sheets
December 31
Assets
2022
2021
Cash
$ 98,000
$ 56,000
Accounts receivable
56,000
39,200
Inventory
78,400
56,000
Property, plant, and equipment
168,000
218,400
Accumulated depreciation
(89,600
)
(67,200
)
Total
$310,800
$302,400
Liabilities and Stockholders’ Equity
Accounts payable
$ 53,200
$ 42,000
Income taxes payable
19,600
22,400
Bonds payable
47,600
92,400
Common stock
50,400
39,200
Retained earnings
140,000
106,400
Total
$310,800
$302,400
Blossom Company
Income Statement...
Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31 Assets 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 76,650 43,800 43,800 30,660 61,320 43,a 131,400 170,820 (70,080) (52,560) 243,090 $236,520 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 41,610 32,850 15,330 17,520 37,230 72,270 39420 30.660 83,220 $243,090 $236,520 109,500 Company Income Statement For the Year Ended 31, 2017 529,980...
This information is for Sheridan Company for the year ended December 31, 2022. Cash received from lenders Cash received from customers Cash paid for new equipment Cash dividends paid Cash paid to suppliers Cash balance 1/1/22 $22,800 45,600 27,500 6,800 16,900 11.900 Prepare the 2022 statement of cash flows for Sheridan Company. (Show amounts that decrease cash flow either with a negative sin preceding the number e.g. -15,000 or in parentheses e.s. (15,000).) Sheridan Company Statement of Cash Flows For...
Problem 1-4A Presented below is selected financial information for Coronado Industries for the year ended December 31, 2017 Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $25,900 Cash paid to purchase equipment 103,700 Equipment 199,200 Service revenue $12,500 41,600 103,400 132,100 6,100 Cash received from issuing common stock 21,900 49,300 Cash received from customers 7,400 Coronado Industries Statement of Cash Flows For the Year Ended December 31, 2017-
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