Net income is $522,000
Please create a statement of cash flow
Dividend paid = Beginning retained earnings+Net income-Ending retained earnings
Dividend paid = $440,000+522,000-430,000 = $532,000
Statement of Cash Flow | ||
Cash flow from operating activities: | ||
Net income | $522,000 | |
Adjustments to reconcile net income | ||
Depreciation expense | $35,000 | |
Accounts receivable | 50,000 | |
Inventory | (50,000) | |
Prepaid expenses | (20,000) | |
Accounts payable | 10,000 | |
Wages payable | (5,000) | |
Unearned revenue | 25,000 | |
Income tax payable | 10,000 | |
Net cash flow from operating activities | $577,000 | |
Cash flow from investing activties: | ||
Property,plant and equipment | (60,000) | |
Net cash flow from investing activities | (60,000) | |
Cash flow from financing activities: | ||
Common shares | 80,000 | |
Bonds payable | (85,000) | |
Dividend paid | (532,000) | |
Net cash flow from financing activities | (537,000) | |
Net increase or (decrease) in cash | (20,000) | |
Beginning cash balance | 305,000 | |
Ending cash balance | $285,000 |
Net income is $522,000 Please create a statement of cash flow 2020 2019 Assets Current Assets...
Exercise 13-03 Here is financial information for Kingbird, Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022 December 31, 2021 $109,400 $ 92,200 402,200 353,400 101,200 68,400 125,400 92,200 133,400 118,400 151,600 166,600 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1...
December 31, 2019 2019 2018 Assets Cash Accounts receivable, net Inventory Prepaid expenses $ 94,800 41,000 85,800 5,400 227,000 109,e00 (17,000) $319,000 $ 24,000 51,000 95,800 4,200 175,000 119,000 (9,000) $285,000 Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings $ 15,000 9,000 1,400 25,400 29,000 54,400 $ 21,000 5,000 2,600 28,600 69,000 97,600 229,000...
can someone show me how to create a cash flow statement with this please Create a Cashflow statement using the following below: Jan-Feb Net Income 57000 Depreciation 20000 Purchased fixed assets paying cash 310000 Received $90,000 cash for issuance of notes payable 90000 Received $120,000 cash for issuance of common stock 120000 Paid $20,000 for purchase of treasury stock 20000 Ending cash balance 50000 Class Start Date Jan-Feb Assets 2017 2016 Current assets: Cash 50000 20000 Accounts receivable 75000 85000 Inventory 100000 80000 Long-term assets Plant assets 430000 120000 Accumulated depreciation 12000 9000 Total Assets 667000 314000 Liabilities Current liabilities ...
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Accounts payable . . . . . . . . . . . . . . . . . . . . . 36 Accounts receivable . . . . . . . . . . . . . . ....
The entry for the realization of noncash assets? Y T AA AB AC 2 current liabilities Notes Payable (in 2013) Accounts Payable Salary & Wages Payable Total current liabilities $ 13,500.0 27,000.0 40000 Long Term Liabilities Notes Payable (after 2013) Long Term Debt Total long term liabilities Total Liabilities S 44,500.0 Owner's Equity A Mangold Capital S. Otis Capital P. Tyler Capital Owner's Capital $33.0000 21.0000 3.000.0 $ 57,000.0 Total Liabilities & Owner's Equity $101.500.0 The partners share Income and...
Balance Sheet, Jan 1, 2019 Current Assets Cost Current Liabilities Cost Cash 13,000 Accounts Payable 35,000 Corn Grain Inventory 20,000 Interest Payable 11,850 Wheat Inventory 10,000 Principal Farm Mortgage 20,000 Prepaid expenses 5,500 Principal Beef Loan 10,000 Feed on hand 80,000 Operating Loan 75,000 Market Livestock 32,000 Property Taxes Payable 15,000 Accounts Receivable 2,000 Supplies 4,000 Total current assets 166,500 Total current liabilities 166,850 Intermediate Assets Intermediate Liabilities Machinery 300,000 Beef Loan 100,000 Beef Breeding Stock 55,000 Titled Vehicles 26,000...
Create Statement of Cash Flows for 2xx2 Do CASH FLOW Statement Class Company, Inc. SS Assets: Current Assets: Cash Accounts Receivable Prepaid Expenses Other Current Assets Total Current Assets: Balance Sheet as of 12/31/2xxl 12/31/2xx2 Ss 440,000 892,100 322,000 402,000 30,000 52,000 15,000 26.000 807,000 1,372,100 Plant Property & Equipment Accumulated Depreciation Net Plant Property & Equipment 1,000,000 410,000 590,000 1,300,000 470,000 830,000 Amortization here Other Non-Current Assets: Intangibles Deferred Loan Placement Costs Other Non-Current assets Total Other Non-Current Assets...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47 Accounts payable 23 Total current liabilities $40 40 86 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 170 164 Long-term debt Total long-term 164 liabilities 170 Total Assets 250 210 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 250 The balance sheet for a small firm is shown above. All amounts are in thousands of dollars What is this...
Create a statement of cash flows for the year 2019 2019 2018 Sales 11,000 10,000 COGS 9,322 8,448 Gross Profit 1,678 1,552 Depreciation and amortization 380 360 Selling & Admin. Expense 290 280 Earnings before interest and taxes 1,008 912 Interest expense 120 100 Earnings Before taxes 888 812 Taxes 222 203 Net income 666 609 Note: Tax rate 25% 2019 2018 Assets Cash 550 500 Short-term Investments 110 100 Accounts Receivable 2,750 2,500 Inventories 1,650 1,500 Total current assets...
Assets $ Liabilities $ Current Assets Current Liabilities Cash 12,000 Accounts payable 28,500 Cash at bank 7,000 Wages payable 7,000 Accounts receivable 35,000 Taxes payable 12,000 Inventory 30,500 Interest payable 15,000 Prepayments 3,300 Total current assets 87,800 Total current liabilities 62,500 Investments 25,000 Long-Term Liabilities Bank loan 335,000 Notes payable 15,000 Long-term liabilities 350,000 Property, Plant, and Equipment Total Liabilities 412,800 Land and building 156,000 Equipment 1,85,000 Less: Depreciation (63,000) 278,000 Stockholders’ Equity Intangible Assets Common stock 100,000 Goodwill 120,000...