Homework Answers
Wolverine realty statement of cashflows.
In the given question, income statement and balance sheet is given and asked to prepare cashflow statement.For that, we need to identify various cashflows from the given financial statements. For example, from balancesheet we can identify that , land was bought in the month of april by spending $459,600 which is a cash flow for the business. same way cash introduced as investment by owner is a cash inflow.
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Missing amounts from financial statements The financial statements at the end of Wolverine Realty's first month...
Missing amounts from financial statements The financial statements at the end of Wolverine Realty's first month of operations are as follows: By analyzing the interrelationships among the four financial statements, determine the proper amounts for the missing items. Use the minus sig outflows, cash payments, and decreases in cash in the Statement of Cash Flows. Wolverine Realty Income Statement For the Month Ended April 30, 2040 Fees earned Expenses: $300,000 100,000 Wages expense Rent expense Supplies expense Utilities expense Miscellakeous...
PLEASE HELP!!! ????? Rutgers Designers began operations on April 1. The financial statements for Rutgers Designers...
PLEASE HELP!!! ?????
Rutgers Designers began operations on April 1. The financial statements for Rutgers Designers are shown below for the month ended April 30. (the first month of operations. Determine the missing amounts for each letter. N/A are omitted amounts; they are NOT equal to 0 536,000 Rutgers Designers Income Statement For the Month Ended April 30 Revenue: Expenses: Wages expense Rent expense Supplies expense Utilities expense Miscellaneous expense Total expenses Net income $7.250 4.200 1.800 500 1.550 15.300...
Accounting
By analyzing the interrelationships among the four financial statements, determine the proper amounts for the missing items. Use the minus sign to indicate cash outflows, cash payments, and decreases in cash in the Statement of Cash Flows.Wolverine RealtyIncome StatementFor the Month Ended April 30, 20Y0Line Item DescriptionAmountAmountFees earned$fill in the blank 1 Expenses: Wages expense$304,000 Rent expense105,000 Supplies expensefill in the blank 2 Utilities expense24,000 Miscellaneous expense23,000 Total expenses(482,000)Net income$264,000 Wolverine RealtyStatement of Stockholders' EquityFor the Month Ended April 30,...
Can anyone please help fill in the remaining blanks. Thank you so much. Required information Exercise...
Can anyone please help fill in the remaining blanks. Thank you
so much.
Required information Exercise 12-11 Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 50,000 57,000 95,500 6,600 209,100 121,000 (12,000) $318,100 Assets Cash $103,900 Accounts receivable, net 74,000 Inventory 69,800 Prepaid expenses 5,000 Total current...
For the second question im confused on A or D can i get help please The...
For the second question im confused on A or D can i get help
please
The investing activities section of the statement of cash flows reports cash receipts and payments that increase or decrease long-term labiles O True O False Colorado Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet Colorado Company Comparative Balance Sheet December 31, 2019 and 2018 Accounts Payable Acorued Liabilities Long-term Notes Payable...
Taxes Expens Misceous Expense Total expenses Net Income 110 Prepare a staplement of owner's equity for...
Taxes Expens Misceous Expense Total expenses Net Income 110 Prepare a staplement of owner's equity for the year ended April 30, 2019 Wilderness Travel Service Statement of Owner's Equity For the Year Ended April 30, 2019 Harper Borcapital, May 1, 2018 Net Income for the year Withdrawals Increase in owner's equity Harper Borg, capital, April 30, 2019 of April 30, 2019. When entering assets, enter them in order of 3. Prepare a balance sheet liquidity. Wilderness yravel Service Balance Sheet...
Rutgers Designers began operations on April 1. The financial statements for Rutgers Designers are shown below...
Rutgers Designers began operations on April 1. The financial
statements for Rutgers Designers are shown below for the month
ended April 30, (the first month of operations). Determine the
missing amounts for each letter. N/A are omitted amounts; they are
NOT equal to 0
Please answer in the following format: 12345 (no dollar signs,
no commas).
A) Net Income:
B) Cash:
C) Land:
D) Retained Earnings:
E) Total Stockholders' Equity:
Rutgers Designers began operations on April 1. The financial statements...
I need help finding the the cash balance for January 1. Check my work Exercise 4-20...
I need help finding the the
cash balance for January 1.
Check my work Exercise 4-20 (Algo) Statement of cash flows; indirect method [LO4-8] Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. 1.42 points eBook $15,500 Hint Print References TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $ 5,100 Depreciation expense 410 Insurance expense 950 General and administrative expense...
I need help with filling these out. i am stuck and need some help. Dakota Company...
I need help with filling these out. i am stuck and need some
help.
Dakota Company experienced the following events during Year 2. 1. Acquired $20,000 cash from the issue of common stock. 2. Paid $25,000 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided services for $50,000 cash. 5. Paid $1,500 cash for utilities expense. 6. Paid $35,500 cash for other operating expenses. 7. Paid a $5,000 cash dividend to the stockholders. 8. Determined that the market value...
why is that wrong ?? Check my work mode : This shows what is correct or...
why is that wrong ??
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in 2,100 Increase in accounts receivable Changes in current operating assets and liabilities Increase in inventory Decrease in accounts payable Decrease in salaries payable (19,950) (1,500) (100) $ (1.750) Cash flows from investing activities Cash paid for equipment (8,400) $ (8,400) Cash flows from financing activities Cash received from stock issuance 10,000...
Missing amounts from financial statements The financial statements at the end of Wolverine Realty's first month of operations are as follows: By analyzing the interrelationships among the four financial statements, determine the proper amounts for the missing items. Use the minus sig outflows, cash payments, and decreases in cash in the Statement of Cash Flows. Wolverine Realty Income Statement For the Month Ended April 30, 2040 Fees earned Expenses: $300,000 100,000 Wages expense Rent expense Supplies expense Utilities expense Miscellakeous...
PLEASE HELP!!! ?????
Rutgers Designers began operations on April 1. The financial statements for Rutgers Designers are shown below for the month ended April 30. (the first month of operations. Determine the missing amounts for each letter. N/A are omitted amounts; they are NOT equal to 0 536,000 Rutgers Designers Income Statement For the Month Ended April 30 Revenue: Expenses: Wages expense Rent expense Supplies expense Utilities expense Miscellaneous expense Total expenses Net income $7.250 4.200 1.800 500 1.550 15.300...
Can anyone please help fill in the remaining blanks. Thank you
so much.
Required information Exercise 12-11 Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 50,000 57,000 95,500 6,600 209,100 121,000 (12,000) $318,100 Assets Cash $103,900 Accounts receivable, net 74,000 Inventory 69,800 Prepaid expenses 5,000 Total current...
For the second question im confused on A or D can i get help
please
The investing activities section of the statement of cash flows reports cash receipts and payments that increase or decrease long-term labiles O True O False Colorado Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet Colorado Company Comparative Balance Sheet December 31, 2019 and 2018 Accounts Payable Acorued Liabilities Long-term Notes Payable...
Taxes Expens Misceous Expense Total expenses Net Income 110 Prepare a staplement of owner's equity for the year ended April 30, 2019 Wilderness Travel Service Statement of Owner's Equity For the Year Ended April 30, 2019 Harper Borcapital, May 1, 2018 Net Income for the year Withdrawals Increase in owner's equity Harper Borg, capital, April 30, 2019 of April 30, 2019. When entering assets, enter them in order of 3. Prepare a balance sheet liquidity. Wilderness yravel Service Balance Sheet...
Rutgers Designers began operations on April 1. The financial
statements for Rutgers Designers are shown below for the month
ended April 30, (the first month of operations). Determine the
missing amounts for each letter. N/A are omitted amounts; they are
NOT equal to 0
Please answer in the following format: 12345 (no dollar signs,
no commas).
A) Net Income:
B) Cash:
C) Land:
D) Retained Earnings:
E) Total Stockholders' Equity:
Rutgers Designers began operations on April 1. The financial statements...
I need help finding the the
cash balance for January 1.
Check my work Exercise 4-20 (Algo) Statement of cash flows; indirect method [LO4-8] Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. 1.42 points eBook $15,500 Hint Print References TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $ 5,100 Depreciation expense 410 Insurance expense 950 General and administrative expense...
I need help with filling these out. i am stuck and need some
help.
Dakota Company experienced the following events during Year 2. 1. Acquired $20,000 cash from the issue of common stock. 2. Paid $25,000 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided services for $50,000 cash. 5. Paid $1,500 cash for utilities expense. 6. Paid $35,500 cash for other operating expenses. 7. Paid a $5,000 cash dividend to the stockholders. 8. Determined that the market value...
why is that wrong ??
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in 2,100 Increase in accounts receivable Changes in current operating assets and liabilities Increase in inventory Decrease in accounts payable Decrease in salaries payable (19,950) (1,500) (100) $ (1.750) Cash flows from investing activities Cash paid for equipment (8,400) $ (8,400) Cash flows from financing activities Cash received from stock issuance 10,000...
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