Homework Answers
Sol :
Statement of Cash Flows(partial)
| Cash Flow From Operating Activities: | ||
| Receipts: | ||
| Collections From Customers | $ 188,000.00 | |
| Total Cash Receipts | $ 188,000.00 | |
| Payments: | ||
| Payment to Suppliers | $ 115,000.00 | |
| Payments to employees | $ 66,000.00 | |
| Total cash Payments | $ 181,000.00 | |
| Net Cash Provided by Operating activities | $ 7,000.00 | |
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$ Payments to suppliers Cash payment for purchase of equipment Payments to employees Payment of notes...
Payment of salaries and wages $36,000 Net income $24,000 Depreciation expense 15,000 Payment of income tax...
Payment of salaries and wages $36,000 Net income $24,000 Depreciation expense 15,000 Payment of income tax 10,000 Payment of interest 14,000 Collection of dividend revenue 5,500 Payment of dividends 5,500 Payment to suppliers 58,000 Collections from customers 115,000 The accounting records of Best Parts reveal the following: Compute cash flows from operating activities using the direct method for the year ended December 31, 2018 (Use a minus sign or parentheses for amounts that result in a decrease in cash. If...
how and what is the formula to find net increase? a. Purchase of fixed assets for...
how and what is the formula to find net increase?
a. Purchase of fixed assets for cash, $53,300 Proceeds from issuance of common stock, $33,000 Payment of dividends, $46,400 Collection of interest, $6,500 o o o o h. i. j. k. Proceeds from sale of fixed assets, $22,400 Collections from customers, $635,000 Cash receipt of dividend revenue, $4,600 Payments to suppliers, $368,500 Depreciation expense, $59,000 Proceeds from issuance of long-term notes, $22,300 - n. Income tax expense and payments, $36,000...
The income statement and additional data of Rolling Hills Corporation follow: Prepare Rolling Hills Corporation's statement...
The income statement and additional data of Rolling Hills
Corporation follow:
Prepare Rolling Hills Corporation's statement of cash flows for
the year ended June 30, 2018. Use the direct method.
The income statement and additional data of Rolling Hills Corporation follow: 囲(Click the icon to view the Income Statement.) 0 (Click the icon to view the additional data) Prepare Rolling Hills Corporation's statement of cash flows for the year ended June 30, 2018. Use the direct method. (Use parentheses or...
All info is included. thank you! 0 Data Table $ $ Payment of salaries and wages...
All info is included. thank you!
0 Data Table $ $ Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers 30,000 13,000 15,000 6,500 117,000 Net income Payment of income tax Collection of dividend revenue Payment to suppliers 20,000 17,000 6,500 58,000 Print Done The accounting records of Lucky Dice Parts reveal the following BEE (Click the icon to view the accounting records.) Compute cash flows from operating activities using the direct method...
i More Info 5 for ng wd. Sub api of Aph. a. Purchase of fixed assets...
i More Info 5 for ng wd. Sub api of Aph. a. Purchase of fixed assets for cash, $55,400 b. Proceeds from issuance of common stock, $60,000 Payment of dividends, $46,400 Collection of interest, $8,500 Payment of salaries, $88,000 Proceeds from sale of fixed assets, $23,500 Collections from customers, $609,000 Cash receipt of dividend revenue, $4,600 Payments to suppliers, $368,500 Depreciation expense, $62,000 Proceeds from issuance of long-term notes, $48,100 Payments of long-term notes payable, $44,000 m. Interest expense and...
The following information is available for Whispering Winds Corp. for 2022. Cash used to purchase treasury...
The following information is available for Whispering Winds Corp. for 2022. Cash used to purchase treasury stock$ 122,655 Cash dividends paid55,590 Cash paid for interest57,120 Net income1,183,965 Sales revenue2,045,100 Cash paid for taxes252,450 Cash received from customers1,443,555 Cash received from sale of building (at book value)503,880 Cash paid for operating expenses196,350 Beginning cash balance28,050 Cash paid for goods and services711,705 Cash received from issuing common stock905,250 Cash paid to redeem bonds at maturity510,000 Cash paid to purchase equipment288,660 Prepare a...
EF 16-21 (similar to) Assigned Media Question Help The income statement and additional data of Energy...
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Print 8. Coffee House Food Equipment Company had the following transactions for the month ending January...
Print 8. Coffee House Food Equipment Company had the following transactions for the month ending January 31, 2018. Coffee House's cash balance on January 1, 2018, was $15,600. (Click the icon to view the transactions.) Prepare the statement of cash flows of Coffee House Food Equipment Company for the month ended January 31, 2018 Complete the statement one section at a time, beginning with the heading and cash flows from operating activities. (If a box is not used in the...
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Print 10. Wake Up Food Equipment Company had the following transactions for the month ending January 31, 2018 Wake Up's cash balance on January 1, 2018, was $14,800. (Click the icon to view the transactions.) Prepare the statement of cash flows of Wake Up Food Equipment Company for the month ended January 31, 2018. Complete the statement one section at a time, beginning with the heading and cash flows from operating activities. (If a box is not used in the...
how and what is the formula to find net increase?
a. Purchase of fixed assets for cash, $53,300 Proceeds from issuance of common stock, $33,000 Payment of dividends, $46,400 Collection of interest, $6,500 o o o o h. i. j. k. Proceeds from sale of fixed assets, $22,400 Collections from customers, $635,000 Cash receipt of dividend revenue, $4,600 Payments to suppliers, $368,500 Depreciation expense, $59,000 Proceeds from issuance of long-term notes, $22,300 - n. Income tax expense and payments, $36,000...
The income statement and additional data of Rolling Hills
Corporation follow:
Prepare Rolling Hills Corporation's statement of cash flows for
the year ended June 30, 2018. Use the direct method.
The income statement and additional data of Rolling Hills Corporation follow: 囲(Click the icon to view the Income Statement.) 0 (Click the icon to view the additional data) Prepare Rolling Hills Corporation's statement of cash flows for the year ended June 30, 2018. Use the direct method. (Use parentheses or...
All info is included. thank you!
0 Data Table $ $ Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers 30,000 13,000 15,000 6,500 117,000 Net income Payment of income tax Collection of dividend revenue Payment to suppliers 20,000 17,000 6,500 58,000 Print Done The accounting records of Lucky Dice Parts reveal the following BEE (Click the icon to view the accounting records.) Compute cash flows from operating activities using the direct method...
i More Info 5 for ng wd. Sub api of Aph. a. Purchase of fixed assets for cash, $55,400 b. Proceeds from issuance of common stock, $60,000 Payment of dividends, $46,400 Collection of interest, $8,500 Payment of salaries, $88,000 Proceeds from sale of fixed assets, $23,500 Collections from customers, $609,000 Cash receipt of dividend revenue, $4,600 Payments to suppliers, $368,500 Depreciation expense, $62,000 Proceeds from issuance of long-term notes, $48,100 Payments of long-term notes payable, $44,000 m. Interest expense and...
EF 16-21 (similar to) Assigned Media Question Help The income statement and additional data of Energy Plus, Inc. follows: (Click the icon to view the income statement.) A (Click the icon to view the additional data.) Prepare Energy Plus's statement of cash flows for the year ended September 30, 2024, using the Indirect method. Include a separate section for non-cash Investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities....
Question 4: Cash Flow Statement (7 marks) The Statement of Cash Flows for Sasha Ltd for year ended 30 June 2020 has been provided below: Sasha Ltd Statement of Cash Flows for the year ended 30 June 2020 $ $ 14,500 126,000 (16,500) (51,000) 73,000 Cash flows from operating activities Interest payments Receipts from customers Depreciation expense Payments to employees Net cash provided by operating activities Cash flows from investing activities Payment of dividends to shareholders Proceeds from issue of...
Print 8. Coffee House Food Equipment Company had the following transactions for the month ending January 31, 2018. Coffee House's cash balance on January 1, 2018, was $15,600. (Click the icon to view the transactions.) Prepare the statement of cash flows of Coffee House Food Equipment Company for the month ended January 31, 2018 Complete the statement one section at a time, beginning with the heading and cash flows from operating activities. (If a box is not used in the...
Print 10. Wake Up Food Equipment Company had the following transactions for the month ending January 31, 2018 Wake Up's cash balance on January 1, 2018, was $14,800. (Click the icon to view the transactions.) Prepare the statement of cash flows of Wake Up Food Equipment Company for the month ended January 31, 2018. Complete the statement one section at a time, beginning with the heading and cash flows from operating activities. (If a box is not used in the...
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