Question

$ 260 Burgess Company Statement of Cash Flows Operating activities: Net income Adjustments to convert net income to a cash ba

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance

Burgess Company Income Statement (dollars in millions) Sales Cost of goods sold Gross margin Selling and administrative expen

can you please help me with the ones in red. they are wrong. thanks

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer - Increase in Account Receivable ! Meeskonis balance Ending balance = $790 (-) Beginning balance = (47237 467 (2) Incr6 Increase in Income tax Payable! Ending bal. = 8107 (+) Beginning Bal. = (187) $20 Note! I think you have calculated Correct

Add a comment
Know the answer?
Add Answer to:
can you please help me with the ones in red. they are wrong. thanks $ 260...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • hi, can you please answer this for me please. thank you and have a great day...

    hi, can you please answer this for me please. thank you and have a great day A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 54 790 725 1,569 1,655 860 $ 111 723 670 1.504 1.619 696 923 $ 2,427 795 $ 2,364 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less...

  • A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

    A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $ 54 $ 111 Accounts receivable 790 723 Inventory 725 670 Total current assets 1,569 1,504 Property, plant, and equipment 1,655 1,619 Less accumulated depreciation 860 696 Net property, plant, and equipment 795 923 Total assets $ 2,364 $ 2,427 Liabilities and Stockholders' Equity Current liabilities: Accounts...

  • A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

    A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 56 810 735 601 $ 115 741 678 1,534 1,637 702 935 $ 2,469 675 803 $ 2,404 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable...

  • help A comparative balance sheet and an income statement for Burgess Company are given below. Burgess...

    help A comparative balance sheet and an income statement for Burgess Company are given below. Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 43 680 670 1,393 1,545 794 $ 89 624 626 1,339 1,520 663 857 $ 2, 196 751 $2,144 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities:...

  • A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

    A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ $ 41 660 660 1,361 1,525 782 743 85 606 618 1,309 1,502 657 845 $2,104 $ 2,154 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable...

  • A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

    A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance $ $ 141 858 69 940 800 1,809 1,805 950 855 $2.664 730 1,729 1,754 741 1,013 $2.742 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued...

  • A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

    A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets Cash and cash equivalents Accounts receivable Inventory $ $ 40 650 655 83 597 614 Total current assets 1.345 1.294 Property, plant, and equipment Less accumulated depreciation 1.515 776 1.493 654 Net property.plant, and equipment 739839 Total assets $ 2,084 S 2.133 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued...

  • A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

    A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 64 890 775 1,729 1,755 920 835 $2,564 $ 131 813 710 1,654 1,709 726 983 $2,637 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued...

  • Durycoo Cupurty Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 99 669 $...

    Durycoo Cupurty Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 99 669 $ 48 730 695 1,473 1,595 - 824 771 $2,244 1,414 1,565 678 887 $ 2,301 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity:...

  • A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

    A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $ 46 $ 95 Accounts receivable 710 651 Inventory 685 638 Total current assets 1,441 1,384 Property, plant, and equipment 1,575 1,547 Less accumulated depreciation 812 672 Net property, plant, and equipment 763 875 Total assets $ 2,204 $ 2,259 Liabilities and Stockholders' Equity Current liabilities: Accounts...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT