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Statement of Cash Flows Month Ended December 31, 2015 Cash flows from Operating activities Receipts: Collections...
Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31,...
Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information, within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balantes. Enter decreases in cash with a minus sign or parentheses. Cash balance, December 1, 2016 is $18,500 Transactions Dec The owner contributed an additional $8,100 cash to the business in exchange for capital 7 Purchased equipment...
CHENG INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from...
CHENG INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities A 5 Net Income 176,700 176,700 djustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense 29,500 Loss on Disposal of Plant Assets 7,500 Increase in Accounts Receivable Increase in Inventory T -10,100 Increase in Prepaid Expenses A T -3,400 Increase in Accounts Payable ) 43,400 Decrease in Accrued Expenses Payable T -900 | © 2000-2019 John Wiley &...
Shasta Inc. Statement of Cash Flows For the Year Ended December 31, 2049 Cash flows from...
Shasta Inc. Statement of Cash Flows For the Year Ended December 31, 2049 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: $360,000 100,800 17,280 Depreciation Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable 27,360 (36,000) (3,600) (2,400) Decrease in accrued expenses payable 5463,440 Net cash flow from operating activities Cash flows from investing activities:...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments to reconcile net income to net cash provided by operating activities: $13,277 Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets 13,861 (7,295) (3,210) 4,815 21,448 107,529 Net cash provided by operating activities Cash flows from investing activities Sale of investments 4,523 Purchase of equipment (35,308) Net cash used by investing activities (30,785) Cash...
Complete the statement one section at a time, beginning with the cash flows from operating activities....
Complete the statement one section at a time, beginning with
the cash flows from operating activities.
Grand Tree, Inc.
Statement of Cash Flows
Year Ended December 31, 2018
Grand Tree, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 442,000 Cost of Goods Sold 210,200 Gross Profit 231,800 Operating Expenses Salaries Expense 78,400 Depreciation Expense-Plant Assets 14,700 Other Operating Expenses 11,000 104,100 Total Operating Expenses Operating Income 127.700 Other Income and (Expenses): Interest Revenue 8,300 Interest Expense...
61,600 Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities. Net...
61,600 Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities. Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assels Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable 16,800 5,900 (2,900) 1,300 (1.500) 19.600 Decrease in Accrued Liabilities Nel Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 200 s/Ma Net Cash Provided by (Used for) Investing Activites Choose...
Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Transaction Analysis Balance Balance 12/31/2017 Pa...
Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Transaction Analysis Balance Balance 12/31/2017 Panel A Balance Sheet: DEBIT CREDIT 12/31/2018 Cash Accounts Receivable 15,300 4,330 14,600 (500) 33,730 19,800 5,330 16,300 (700) Plant Assets 1,700 Accumulated Depreciation 40,730 Total Assets Accounts Payable 6,700 5,400 Common Stock, no par 5,300 28,130 22,830 4,200 33,730 5,500 Retained Earnings 7,200 40,730 Total Liabilities and Stockholders' Equity Panel B_Statement of Cash Flows: 200 Cash Flows from Operating Activities: Net Income Adjustments...
Blossom Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash flows...
Blossom Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash flows from operating activities Net income $86,081 Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets $13,277 13,861 (7,295) (3,210) 4,815 21,448 Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment 107,529 4,523 35,308) Net...
1. Prepare the statement of cash flows for the year ended December 31, 2017, using the...
1. Prepare the statement of cash flows for the
year ended December 31, 2017, using the indirect method.
(Amounts to be deducted should be
indicated by a minus sign.)
Heads Up Company was started several years ago by two hockey instructors. The company's comparative balance sheets and income statement are provided below, along with additional information. 2017 2016 Balance Sheet at December 31 Cash Accounts Receivable Equipment Less: Accumulated Depreciation $ 6,000 1,000 5,500 (1,500) $ 4,000 1,750 5,000 (1,250)...
Championship Boxing, Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows...
Championship Boxing, Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y8
Cash flows from (used for) operating activities:
Net income
$186,540
Adjustments to reconcile net income to net cash
flow from operating activities:
Depreciation
18,400
Gain on sale of investments
(50,000)
Changes in current operating assets and liabilities:
Increase in accounts receivable
(25,410)
Increase in inventories
(33,450)
Increase in accounts payable
41,130
Decrease in accrued expenses payable
(12,470)
Net cash flow from
operating activities
$124,740
Cash flows...
Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information, within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balantes. Enter decreases in cash with a minus sign or parentheses. Cash balance, December 1, 2016 is $18,500 Transactions Dec The owner contributed an additional $8,100 cash to the business in exchange for capital 7 Purchased equipment...
CHENG INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities A 5 Net Income 176,700 176,700 djustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense 29,500 Loss on Disposal of Plant Assets 7,500 Increase in Accounts Receivable Increase in Inventory T -10,100 Increase in Prepaid Expenses A T -3,400 Increase in Accounts Payable ) 43,400 Decrease in Accrued Expenses Payable T -900 | © 2000-2019 John Wiley &...
Shasta Inc. Statement of Cash Flows For the Year Ended December 31, 2049 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: $360,000 100,800 17,280 Depreciation Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable 27,360 (36,000) (3,600) (2,400) Decrease in accrued expenses payable 5463,440 Net cash flow from operating activities Cash flows from investing activities:...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments to reconcile net income to net cash provided by operating activities: $13,277 Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets 13,861 (7,295) (3,210) 4,815 21,448 107,529 Net cash provided by operating activities Cash flows from investing activities Sale of investments 4,523 Purchase of equipment (35,308) Net cash used by investing activities (30,785) Cash...
Complete the statement one section at a time, beginning with
the cash flows from operating activities.
Grand Tree, Inc.
Statement of Cash Flows
Year Ended December 31, 2018
Grand Tree, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 442,000 Cost of Goods Sold 210,200 Gross Profit 231,800 Operating Expenses Salaries Expense 78,400 Depreciation Expense-Plant Assets 14,700 Other Operating Expenses 11,000 104,100 Total Operating Expenses Operating Income 127.700 Other Income and (Expenses): Interest Revenue 8,300 Interest Expense...
61,600 Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities. Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assels Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable 16,800 5,900 (2,900) 1,300 (1.500) 19.600 Decrease in Accrued Liabilities Nel Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 200 s/Ma Net Cash Provided by (Used for) Investing Activites Choose...
Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Transaction Analysis Balance Balance 12/31/2017 Panel A Balance Sheet: DEBIT CREDIT 12/31/2018 Cash Accounts Receivable 15,300 4,330 14,600 (500) 33,730 19,800 5,330 16,300 (700) Plant Assets 1,700 Accumulated Depreciation 40,730 Total Assets Accounts Payable 6,700 5,400 Common Stock, no par 5,300 28,130 22,830 4,200 33,730 5,500 Retained Earnings 7,200 40,730 Total Liabilities and Stockholders' Equity Panel B_Statement of Cash Flows: 200 Cash Flows from Operating Activities: Net Income Adjustments...
Blossom Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash flows from operating activities Net income $86,081 Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets $13,277 13,861 (7,295) (3,210) 4,815 21,448 Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment 107,529 4,523 35,308) Net...
1. Prepare the statement of cash flows for the
year ended December 31, 2017, using the indirect method.
(Amounts to be deducted should be
indicated by a minus sign.)
Heads Up Company was started several years ago by two hockey instructors. The company's comparative balance sheets and income statement are provided below, along with additional information. 2017 2016 Balance Sheet at December 31 Cash Accounts Receivable Equipment Less: Accumulated Depreciation $ 6,000 1,000 5,500 (1,500) $ 4,000 1,750 5,000 (1,250)...
Championship Boxing, Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y8
Cash flows from (used for) operating activities:
Net income
$186,540
Adjustments to reconcile net income to net cash
flow from operating activities:
Depreciation
18,400
Gain on sale of investments
(50,000)
Changes in current operating assets and liabilities:
Increase in accounts receivable
(25,410)
Increase in inventories
(33,450)
Increase in accounts payable
41,130
Decrease in accrued expenses payable
(12,470)
Net cash flow from
operating activities
$124,740
Cash flows...
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