Homework Answers
| ROTHLISBERGER COMPANY | ||
|---|---|---|
| Statement of Cash flow | ||
| For the year ended 31 december 2020 | ||
| Cash flow from operating activities | ||
| Net income | 42000 | |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation expenses | 42000 | |
| Loss on sale of equipment (10000-6000) | 4000 | |
| Decrease in accounts receivable | 21000 | |
| Increase in inventory | -9450 | |
| Decrease in prepaid expenses | 5720 | |
| Increase in accounts payable | 7730 | |
| 71000 | ||
| Net cash provided by operating activities | 113000 | |
| Cash flow from investing activities | ||
| Sale of land=130000-105000 | 25000 | |
| Sale of equipment | 6000 | |
| Purchase of equipment | -88000 | |
| Net cash used by investing activities | -57000 | |
| Cash flow from financing activities | ||
| payment of Cash dividends | -20000 | |
| Net used used by financing activities | -20000 | |
| Net increase in cash | 36000 | |
| Cash at beginning of period | 45000 | |
| Cash at the end of period | 81000 | |
| Net cash investing and financing activities | ||
| Conversion of bonds by issuance of common stock | 40000 |
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ties Instructions Prepare a statement of cash flows for Cheng Inc, using the direct method. P17.11A...
A The comparative balance sheets for Rothlisberger Company as of December 31 P17-11A The are presented...
A The comparative balance sheets for Rothlisberger Company as of December 31 P17-11A The are presented below. $180,250 Prepare a statement of cash flows-indirect method. (LO) ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 81,000 Accounts receivable 41,000 Inventory 151,450 Prepaid expenses 15,280 Land 105,000 Buildings 200,000 Accumulated depreciation-buildings (60,000) Equipment 221,000 Accumulated depreciation--equipment (45,000) Total $709,730 2016 $ 45,000 62,000 142,000 21,000 130,000 200,000 (40,000) 155,000 (35,000) $680,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable...
The comparative balance sheets for Spicer Company as of December 31 are presented below Spicer Company...
The comparative balance sheets for Spicer Company as of December 31 are presented below Spicer Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total 2017 2016 $ 45,000 58,000 142,000 21,000 130,000 200,000 (40,000 ) 155,000 68,000 50,000 151,450 15,280 145,000 200,000 (60,000) 225,000 (45,000) (35,000) $749,730 $676,000 Liabilities and Stockholders Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 36,000 300,000 160,000 180,000...
P12.11A (LO 2), AP The comparative balance sheets for Spicer Company as of December 31 are...
P12.11A (LO 2), AP The comparative balance sheets for Spicer Company as of December 31 are presented below. Prepare a statement of cash flows—indirect method. Spicer Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 68,000 $ 45,000 Accounts receivable 50,000 58,000 Inventory 151,450 142,000 Prepaid expenses 15,280 21,000 Land 145,000 130,000 Buildings 200,000 200,000 Accumulated depreciation—buildings (60,000) (40,000) Equipment 225,000 155,000 Accumulated depreciation—equipment (45,000) (35,000) Total $749,730 $676,000 Liabilities and Stockholders' Equity Accounts payable $ 44,730 $...
Question 7 The comparative balance sheets for Rothlisberger Company as of December 31 are presented below....
Question 7 The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $59,300 $45,900 Accounts receivable 44,000 64,800 Inventory 150,200 143,400 Prepaid expenses 14,300 24,900 Land 104,300 135,300 Buildings 198,400 198,400 Accumulated depreciation-buildings (62,500) (34,000) Equipment 232,400 158,000 Accumulated depreciation-equipment (42,900) (37,900) Total $697,500 $698,800 Liabilities and Stockholders' Equity Accounts payable $46,100 $40,000 Bonds payable 260,000 294,000 Common stock, $1 par 192,600 158,600 CALCULATOR PULLS...
The comparative balance sheets for Spicer Company as of December 31 are presented below. Spicer Company...
The comparative balance sheets for Spicer Company as of December
31 are presented below. Spicer Company Comparative Balance Sheets
December 31 Assets 2022 2021 Cash $ 68,000 $ 45,000 Accounts
receivable 50,000 58,000 Inventory 151,450 142,000 Prepaid expenses
15,280 21,000 Land 145,000 130,000 Buildings 200,000 200,000
Accumulated depreciation—buildings (60,000 ) (40,000 ) Equipment
225,000 155,000 Accumulated depreciation—equipment (45,000 )
(35,000 ) Total $749,730 $676,000 Liabilities and Stockholders’
Equity Accounts payable $ 44,730 $ 36,000 Bonds payable 300,000
300,000 Common stock,...
The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY...
The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash Accounts receivable $59,300 44,000 Inventory Prepaid expenses 150,200 14,300 Land 104,300 Buildings 198,400 Accumulated depreciation--buildings (62,500) Equipment 232,400 Accumulated depreciation-equipment (42,900) Total $697,500 Liabilities and Stockholders' Equity Accounts payable $46,100 Bonds payable 260,000 Common stock, $1 par 192,600 Retained earnings 198,800 Total $697,500 2019 $45,900 64,800 143,400 24,900 135,300 198,400 (34,000) 158,000 (37,900) $698,800 $40,000 294,000...
Spicer Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings...
Spicer Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total 2017 2016 $ 45,000 58,000 142,000 21,000 130,000 200,000 68,000 50,000 151,450 15,280 145,000 200,000 (60,000) (40,000) 225,000 (45,000) (35,000) 155,000 $749,730 $676,000 Liabilities and Stockholders Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $44,730 300,000 200,000 205,000 749,730 $676,000 $ 36,000 300,000 160,000 180,000 Additional information: 1. Operating expenses include depreciation expense of...
Adjustments to reconcile net income to Question Attempts: 0 of 3 used Copyign 2000-2010 by John...
Adjustments to reconcile net income to Question Attempts: 0 of 3 used Copyign 2000-2010 by John Wey& Sons, inc or reiated companies. Al rights reserved Prb17-1A Print by: CONNOR STEVENS 2019PA4 ACC 102-200/Copy of Chapter 17 Preblem 2 Problem 17-11A The comparatEive balance sheets for Rothlisberger Company as of December 31 are presented below ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts recelvable Inventory Prepaid expenses 58,400 42,000 148.800 $45,100 65,500 144,800 26,300 130,600 200,200 (33,800)...
Goldey-Beacom College Cash Flow Statement problem (10 points) ACC307 Exam #3 The comparative balance sheet of...
Goldey-Beacom College Cash Flow Statement problem (10 points) ACC307 Exam #3 The comparative balance sheet of Skyline Spinner Company, is as follows: Skyline Spinner Company Comparative Balance Sheet December 3, 2019 Assets 2018 41,00045,000 2019 Cash Accounts receivable Inventory Prepaid Expenses Land 47,500 52,00 151,450 142,000 15,780 21,000 100,000 130,000 228,000 155,000 nt Accumulated depreciation- equipment (45,000) (35,000) 200,000 200,000 000) (40,000 Buil Accumulated depreciation- building 679,730 670,000 Liabilities & Stockholders' equity Accounts Bonds Payable Common stock, $1 par Retained...
Problem 12-11A The comparative balance sheets for Concord Corporation as of December 31 are presented below....
Problem 12-11A The comparative balance sheets for Concord Corporation as of December 31 are presented below. Concord Corporation Comparative Balance Sheets December 31 Assets 2019 2018 Cash $57,600 $47,800 Accounts receivable 43,600 64,100 Inventory 151,600 145,800 Prepaid expenses 14,300 21,200 Land 96,300 130,400 Buildings 197,000 197,000 Accumulated depreciation-buildings (55,900) (30,900) Equipment 229,900 156,600 Accumulated depreciation-equipment (43,600) (35,800) Total $690,800 $696,200 Liabilities and Stockholders' Equity Accounts payable $46,100 $39,800 Bonds payable 260,000 290,900 Common stock, $1 par 189,800 158,900 Retained earnings...
A The comparative balance sheets for Rothlisberger Company as of December 31 P17-11A The are presented below. $180,250 Prepare a statement of cash flows-indirect method. (LO) ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 81,000 Accounts receivable 41,000 Inventory 151,450 Prepaid expenses 15,280 Land 105,000 Buildings 200,000 Accumulated depreciation-buildings (60,000) Equipment 221,000 Accumulated depreciation--equipment (45,000) Total $709,730 2016 $ 45,000 62,000 142,000 21,000 130,000 200,000 (40,000) 155,000 (35,000) $680,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable...
The comparative balance sheets for Spicer Company as of December 31 are presented below Spicer Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total 2017 2016 $ 45,000 58,000 142,000 21,000 130,000 200,000 (40,000 ) 155,000 68,000 50,000 151,450 15,280 145,000 200,000 (60,000) 225,000 (45,000) (35,000) $749,730 $676,000 Liabilities and Stockholders Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 36,000 300,000 160,000 180,000...
Question 7 The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $59,300 $45,900 Accounts receivable 44,000 64,800 Inventory 150,200 143,400 Prepaid expenses 14,300 24,900 Land 104,300 135,300 Buildings 198,400 198,400 Accumulated depreciation-buildings (62,500) (34,000) Equipment 232,400 158,000 Accumulated depreciation-equipment (42,900) (37,900) Total $697,500 $698,800 Liabilities and Stockholders' Equity Accounts payable $46,100 $40,000 Bonds payable 260,000 294,000 Common stock, $1 par 192,600 158,600 CALCULATOR PULLS...
The comparative balance sheets for Spicer Company as of December
31 are presented below. Spicer Company Comparative Balance Sheets
December 31 Assets 2022 2021 Cash $ 68,000 $ 45,000 Accounts
receivable 50,000 58,000 Inventory 151,450 142,000 Prepaid expenses
15,280 21,000 Land 145,000 130,000 Buildings 200,000 200,000
Accumulated depreciation—buildings (60,000 ) (40,000 ) Equipment
225,000 155,000 Accumulated depreciation—equipment (45,000 )
(35,000 ) Total $749,730 $676,000 Liabilities and Stockholders’
Equity Accounts payable $ 44,730 $ 36,000 Bonds payable 300,000
300,000 Common stock,...
The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash Accounts receivable $59,300 44,000 Inventory Prepaid expenses 150,200 14,300 Land 104,300 Buildings 198,400 Accumulated depreciation--buildings (62,500) Equipment 232,400 Accumulated depreciation-equipment (42,900) Total $697,500 Liabilities and Stockholders' Equity Accounts payable $46,100 Bonds payable 260,000 Common stock, $1 par 192,600 Retained earnings 198,800 Total $697,500 2019 $45,900 64,800 143,400 24,900 135,300 198,400 (34,000) 158,000 (37,900) $698,800 $40,000 294,000...
Spicer Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total 2017 2016 $ 45,000 58,000 142,000 21,000 130,000 200,000 68,000 50,000 151,450 15,280 145,000 200,000 (60,000) (40,000) 225,000 (45,000) (35,000) 155,000 $749,730 $676,000 Liabilities and Stockholders Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $44,730 300,000 200,000 205,000 749,730 $676,000 $ 36,000 300,000 160,000 180,000 Additional information: 1. Operating expenses include depreciation expense of...
Adjustments to reconcile net income to Question Attempts: 0 of 3 used Copyign 2000-2010 by John Wey& Sons, inc or reiated companies. Al rights reserved Prb17-1A Print by: CONNOR STEVENS 2019PA4 ACC 102-200/Copy of Chapter 17 Preblem 2 Problem 17-11A The comparatEive balance sheets for Rothlisberger Company as of December 31 are presented below ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts recelvable Inventory Prepaid expenses 58,400 42,000 148.800 $45,100 65,500 144,800 26,300 130,600 200,200 (33,800)...
Goldey-Beacom College Cash Flow Statement problem (10 points) ACC307 Exam #3 The comparative balance sheet of Skyline Spinner Company, is as follows: Skyline Spinner Company Comparative Balance Sheet December 3, 2019 Assets 2018 41,00045,000 2019 Cash Accounts receivable Inventory Prepaid Expenses Land 47,500 52,00 151,450 142,000 15,780 21,000 100,000 130,000 228,000 155,000 nt Accumulated depreciation- equipment (45,000) (35,000) 200,000 200,000 000) (40,000 Buil Accumulated depreciation- building 679,730 670,000 Liabilities & Stockholders' equity Accounts Bonds Payable Common stock, $1 par Retained...
Problem 12-11A The comparative balance sheets for Concord Corporation as of December 31 are presented below. Concord Corporation Comparative Balance Sheets December 31 Assets 2019 2018 Cash $57,600 $47,800 Accounts receivable 43,600 64,100 Inventory 151,600 145,800 Prepaid expenses 14,300 21,200 Land 96,300 130,400 Buildings 197,000 197,000 Accumulated depreciation-buildings (55,900) (30,900) Equipment 229,900 156,600 Accumulated depreciation-equipment (43,600) (35,800) Total $690,800 $696,200 Liabilities and Stockholders' Equity Accounts payable $46,100 $39,800 Bonds payable 260,000 290,900 Common stock, $1 par 189,800 158,900 Retained earnings...
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