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New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer...
Louisiana Company uses the indirect method to prepare its statement of cash flows. Refer to the...
Louisiana Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Louisiana Company Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Increase/(Decrease) Common Stock $32,000 $2,400 $29,600 Retained Earnings 123,000 76,000 47,000 Treasury Stock (15,000) (8,200) (6,800) Total Equity $140,000 $70,200 $69,800 Note: 1. There were no stock retirements during the year. 2. There were no sales of treasury stock during the year. Compute the cash...
Odessa Company uses the indirect method to prepare its statement of cash flows Please refer to...
Odessa Company uses the indirect method to prepare its statement of cash flows Please refer to the following information extracted from the comparative balance sheet for the company 2018 2017 Increasel(decrease) Accounts payable $35,000 $52,000 ($17,000) Accrued liabilities 18,000 10,000 $8,000 Long-term notes payable 168,000 180,000 ($12,000) Total liabilities $221,000 $242,000 ($21,000) Common stock Retained earnings Treasury stock Total equity 100.000 61,000 226,000 148,000 (18,500) (12,400) $307,500 $196,600 $39,000 $78,000 ($6,100) $110,900 $89,900 Total liabilities and equity $528,500 $438,600 Additional...
Odessa Company uses the indirect method to prepare its statement of cash flows. Please refer to...
Odessa Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information extracted from the comparative balance sheet for the company. 2018 2017 Increase/(decrease) Accounts payable $35,000 $52,000 ($17,000) Accrued liabilities 18,000 10,000 $8,000 Long-term notes payable 168,000 180,000 ($12,000) Total liabilities $221,000 $242,000 ($21,000) Common stock 100,000 61,000 $39,000 Retained earnings 226,000 148,000 $78,000 Treasury stock (18,500) (12,400) ($6,100) Total equity $307,500 $196,600 $110,900 Total liabilities and equity $528,500 $438,600...
Elmore Company uses the direct method to prepare its statement of cash flows. Refer to the...
Elmore Company uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2017: Elmore Company Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase (Decrease) Cash $37,100 $20,400 $16,700 Accounts Receivable 26,400 30,100 (3,700) Merchandise Inventory 54,500 27,500 27,000 PP&E, net 126,000 92,000 34,000 Total Assets $244,000 $170,000 $74,000 Accounts Payable 8,200 12,200 $(4,000) Accrued Liabilities 6,400 2,400 4,000 Long-term Notes Payable 71,400 80,400...
12 Rodriguez Inc. uses the indirect method to prepare its statement of cash flows. Refer to...
12 Rodriguez Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet 53.000 Rodriguez Inc. Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase decrease Cash $21,000 $18,000 Accounts Receivable 31,000 35,000 (4.000) Inventory 53,000 25,000 28.000 Plant and Equipment 123,000 90,000 33.000 Accumulated Depreciation Plant and Equipment (43.000) (40,000) (3.000) Total assets $228,000 $168,000 $60,000 Additional information provided by the company includes the following: •...
Avatar Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer...
Avatar Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Avatar Company Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase/decrease Common Stock $16,000 $12,000 $4,000 Retained Earnings 113,000 74,000 39,000 Treasury Stock (8,000) (5,000) (3,000) Total equity $121,000 $81,000 $40,000 Note: 1) There was no retirement of stock during the year. 2) There were no sales of treasury stock during the...
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the...
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Utah Corp Comparative Balance Sheet December 31, 2018 and 2017 Cash Accounts Receivable Merchandise Inventory Total Assets 2018 $45,000 48,000 180.000 $273,000 2017 Increase/(Decrease) $27,000 $18,000 45,000 3,000 132.000 48.000 $204,000 $69,000 How will the change in Merchandise Inventory be shown on the statement of cash flows? O A. addition to net income under the operating activities...
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the...
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet Utah Corp Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Increase/(Decrease) Cash $45,000 $27,000 $18,000 Accounts Receivable 48,000 45,000 3,000 Merchandise Inventory 180,000 132.000 48 000 Total Assets $273,000 $204,000 $69,000 How will the change in Merchandise Inventory be shown on the statement of cash flows? O A negative cash flow under the investing activities...
McDaniel, Inc. uses the direct method to prepare its statement of cash flows. Refer to the...
McDaniel, Inc. uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2017: McDaniel, Inc. Comparative Balance Sheet December 31, 2017 and 2016 Cash Accounts Receivable Merchandise Inventory PP&E, net Total Assets 2017 $36,000 28,700 53,300 126.000 $244.000 Increase 2016 (Decrease) $16,000 $20,000 35,700 (7,000) 26,300 27.000 92.000 34.000 $170.000 $74.000 O A. $23,300 O B. 548,400 OC. $44,400 OD. $71,700 Click to select your answer....
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer...
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: Net cash provided by operating activities: $102,000 Net cash used for investing activities: S(113,500) Net cash provided by financing activities: $17,000 If the cash balance at the beginning of the year was $13,400, what is the ending cash balance? O A. $11,500 OB. $13,400 OC. $18,900 OD. $5,500
Odessa Company uses the indirect method to prepare its statement of cash flows Please refer to the following information extracted from the comparative balance sheet for the company 2018 2017 Increasel(decrease) Accounts payable $35,000 $52,000 ($17,000) Accrued liabilities 18,000 10,000 $8,000 Long-term notes payable 168,000 180,000 ($12,000) Total liabilities $221,000 $242,000 ($21,000) Common stock Retained earnings Treasury stock Total equity 100.000 61,000 226,000 148,000 (18,500) (12,400) $307,500 $196,600 $39,000 $78,000 ($6,100) $110,900 $89,900 Total liabilities and equity $528,500 $438,600 Additional...
12 Rodriguez Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet 53.000 Rodriguez Inc. Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase decrease Cash $21,000 $18,000 Accounts Receivable 31,000 35,000 (4.000) Inventory 53,000 25,000 28.000 Plant and Equipment 123,000 90,000 33.000 Accumulated Depreciation Plant and Equipment (43.000) (40,000) (3.000) Total assets $228,000 $168,000 $60,000 Additional information provided by the company includes the following: •...
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Utah Corp Comparative Balance Sheet December 31, 2018 and 2017 Cash Accounts Receivable Merchandise Inventory Total Assets 2018 $45,000 48,000 180.000 $273,000 2017 Increase/(Decrease) $27,000 $18,000 45,000 3,000 132.000 48.000 $204,000 $69,000 How will the change in Merchandise Inventory be shown on the statement of cash flows? O A. addition to net income under the operating activities...
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet Utah Corp Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Increase/(Decrease) Cash $45,000 $27,000 $18,000 Accounts Receivable 48,000 45,000 3,000 Merchandise Inventory 180,000 132.000 48 000 Total Assets $273,000 $204,000 $69,000 How will the change in Merchandise Inventory be shown on the statement of cash flows? O A negative cash flow under the investing activities...
McDaniel, Inc. uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2017: McDaniel, Inc. Comparative Balance Sheet December 31, 2017 and 2016 Cash Accounts Receivable Merchandise Inventory PP&E, net Total Assets 2017 $36,000 28,700 53,300 126.000 $244.000 Increase 2016 (Decrease) $16,000 $20,000 35,700 (7,000) 26,300 27.000 92.000 34.000 $170.000 $74.000 O A. $23,300 O B. 548,400 OC. $44,400 OD. $71,700 Click to select your answer....
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: Net cash provided by operating activities: $102,000 Net cash used for investing activities: S(113,500) Net cash provided by financing activities: $17,000 If the cash balance at the beginning of the year was $13,400, what is the ending cash balance? O A. $11,500 OB. $13,400 OC. $18,900 OD. $5,500
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