RODRIQUEZ CORPORATION | ||
Statement of cash flows | ||
For the year ended December 31, 2017 | ||
Cash flow from operating activities: | ||
Net income | $ 18,250 | |
Adjustments to reconcile net income to | ||
Net cash provided by operating activities: | ||
Depreciation expense | $ 5,950 | |
Loss on sale of equipment | $ 4,800 | |
Increase in accounts receivable | $ (2,800) | |
Increase in accounts payable | $ 3,700 | $ 11,650 |
Net Cash flow from operating activities | $ 29,900 | |
Cash flow from investing activities: | ||
Purchase of investments | $ (4,200) | |
Sale of equipment | $ 3,700 | |
Redemption of bonds | $ (20,000) | |
Net Cash flow from investing activities | $ (20,500) | |
Cash flow from financing activities: | ||
Payment of cash dividends | $ (15,600) | |
Issuance of common stock | $ 5,400 | |
Net Cash flow from financing activities | $ (10,200) | |
Net increase/(decrease) in cash | $ (800) | |
Beginning cash balance | $17,700 | |
Ending cash balance | $16,900 |
Calculations:
Gain/(Loss) on sale of equipment | ||
Sale value | $3,700 | |
Cost | $10,200 | |
Accumulated depreciation | ($1,700) | |
Book value | $8,500 | |
Gain/(Loss) on sale | ($4,800) |
Accumulated depreciation | |
Ending | $14,250 |
Accum. Dep. On sold equipment | $1,700 |
Beginning | ($10,000) |
Depreciation expense | $5,950 |
Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative...
Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $16,800 Accounts receivable 25,000 Investments 19,850 Equipment 60,050 Accumulated depreciation-equipment (14,150) Total $107,550 2019 $17,500 22,300 15,850 70,050 (10,500) $115,200 Accounts payable Bonds payable Common stock Retained earnings Total $14,550 10,500 49,800 32,700 $107,550 $11,150 30,100 45,400 28,550 $115,200 Additional information: 1. Net income was $18,550. Dividends declared and paid were $14,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $2,000...
*Exercise 17-9 Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 $16,600 24,900 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Total 20,250 59,750 $17,700 22,500 16,150 70,150 (10,100) $116,400 (13,750 ) $107,750 Accounts payable Bonds payable Common stock Retained earnings Total $14,650 10.800 50,500 31,800 $107,750 $11,050 30,100 44,600 30,650 $116,400 Additional information: 1. Net income was $18,650. Dividends declared and paid were $17,500. 2. Equipment which cost $10,400 and had accumulated...
Exercise 13-7 (Part Level Submission) Rojas Corporation's comparative balance sheets are presented belovw ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $14,200 $10,500 21,700 20,200 69,800 (15,200) 23,500 26,500 69,800 (11,000) Total $110,700 $119,300 Accounts payable Common stock Retained earnings $11,800 75,200 23,700 $110,700 $28,600 71,200 19,500 $119,300 Total Additional information 1. Net income was $22,200. Dividends declared and paid were $18,000 2. No noncash investing and financing activities occurred during 2017...
all of 17.10 please E17.10 (LO 2, 3), Financial Statement Rodriquez Corporation's comparative balance sheets are presented below. Prepare statement of cash flows and compute free cash flow. Rodriquez Corporation Comparative Balance Sheets December 31 2020 Cash $ 15,200 Accounts receivable 25,200 Investments 20,000 Equipment 60,000 Accumulated depreciation equipment (14,000) Total $106,400 Accounts payable $ 14,600 Bonds payable 10,000 2019 $ 17,700 22,300 16,000 70,000 (10,000) $116,000 $ 11,100 30,000 Accumulated depreciation-equipment Total Accounts payable Bonds payable Common stock Retained...
Exercise 5-18 The comparative balance sheets of Crane Corporation at the beginning and end of the year 2017 appear below. CRANE CORPORATION BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash $22,200 $14,530 $7,670 Inc. Accounts receivable 108,200 89,530 18,670 Inc. Equipment 41,200 23,530 17,670 Inc. Less: Accumulated Depreciation-Equipment (17,000 ) (11,000 ) 6,000 Inc. Total $154,600 $116,590 Liabilities and Stockholders’ Equity Accounts payable $22,200 $16,530 5,670 Inc. Common stock 102,200 81,530 20,670 Inc. Retained earnings 30,200 18,530...
Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total $14,200 21,500 19,600 70,100 (15,400) $110,000 $11,000 23,500 25,800 70,100 (10,500) $ 119,900 Accounts payable Common stock Retained earnings Total $ 11,900 75,900 22,200 $110,000 $27,700 73,600 18,600 $ 119,900 Additional information: 1. Net income was $22,500. Dividends declared and paid were $18,900. 2. No noncash investing and financing activities occurred during 2020....
Exercise 17-7 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $15,000 21,100 19,700 70.000 (15.300) $10,700 23,900 25,900 70,000 (10,700) $119,800 Total $110.500 Accounts payable Common stock Retained earnings $11,900 75.400 23,200 $110.500 $28,600 72,300 18,900 $119,800 Total Additional information: 1. Net income was $22,900. Dividends declared and paid were $18,600. 2. No noncash investing and financing activities occurred during 2017 3. The land...
Planner Corporation's comparative balance sheets are presented below. PLANNER CORPORATION Comparative Balance Sheets December 31 2017 Cash $ 21,570 Accounts receivable 18,200 Land 18,000 Building 70,000 Accumulated depreciation (15,000) Total $112.770 Accounts payable $ 12,370 Common stock 75,000 Retained earnings Total $112,770 2016 $ 10,700 23.400 26,000 70,000 (10,000) $120,100 $31,100 69,000 20,000 $120,100 25.400 Additional information: 1. Net income was $27,900. Dividends declared and paid were $22,500. 2. All other changes in noncurrent account balances had a direct effect...
Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $15,100 Accounts receivable 21,500 Land 20,500 Buildings 70,100 Accumulated depreciation-buildings (15,000) Total $112,200 2019 $10,300 23,800 26,400 70,100 (10,300) $120,300 Accounts payable Common stock Retained earnings Total $12,500 75,800 23,900 $112,200 $28,400 73,100 18,800 $120,300 Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land...
ent Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $14,800 Accounts receivable 20,700 Land 20,500 Buildings 69,600 Accumulated depreciation-buildings (14,800) Total $110,800 2019 $10,400 23,100 26,200 69,600 (10,800) $118,500 Accounts payable Common stock Retained earnings Total $12,800 74,000 24,000 $110,800 $27,900 71,400 19,200 $118,500 Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,400. 2. No noncash investing and financing activities occurred during 2020. 3. The...