Homework Answers
Cash Flow Statement for Dec 31,2017
| Particulars | Amount$ ( In Thousands ) |
| Cash Flow from Opearting Activity | |
| Net income | 50 |
| Adjustments : | |
| Depreciation | 30 |
| Decrease in Accounts Receivable | 10 |
| Decrease in Inventory | 27 |
| Increase in Prepaid Expense | -17 |
| Decrease in Accounts Payable | -27 |
| Decrease in Note Receivable | 188 |
| Decrease in Accrued Liabilities | -71 |
| Cash Flow from Opearting Activity (A) | 190 |
| Cash Flow from Investing Activity (B) | 0 |
| Cash Flow from Financing Activity | |
| Issue of shares | 20 |
| Dividend Paid ( 240+50-265 ) | -25 |
| Cash Flow from Financing Activity (C) | -5 |
| Opening Balance of Cash | 365 |
| Add : Net Increase or Decrease in Cash (A+B+C) | 185 |
| Closing Balance of Cash | 550 |
Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash...
Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 2017*2016* Cash550365 Accounts receivable7585 Inventory3562 Prepaid Expenses225 Non-current - Note receivable112300 Property, plant and Equipment430460 (net of depreciation) Accounts payable1340 Accrued liabilities1283 Common Shares934914 Retained Earnings265240 Net income50 Depreciation expense30 * in 000s
please show set by step Q2. (25 marks) Given the following information for Lesson Hercules Incorporated...
please show set by step
Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 2017*2016* Cash550365 Accounts receivable7585 Inventory3562 Prepaid Expenses 225 Non-current - Note receivable112300 Property, plant and Equipment430460 (net of depreciation) Accounts payable 1340 Accrued liabilities1 283 Common Shares934914 Retained Earnings 265240 Net income50 Depreciation expense30 * in 000s Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of...
Hea Q2. (25 martes) Given the following information for Lesson Hercules Incorporated prepare their statement of...
Hea Q2. (25 martes) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. I 201702016 CashS50365 Accounts receivable7585 Inventory3562 Prepaid Expenses225 Non-current - Note receivablel12300 Property, plant and Equipment430460 (net of depreciation) Accounts payable1340 Accrued liabilities1283 Common Share-934914 Retained Eaming 265240 Net income 50 Depreciation expense30 in 000
Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash...
Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. Qash 550,365 7,585 3,562 225 112,300 430,460 Accounts receivable Inventory Prepaid Expenses Non-current - Note receivable Property, plant and Equipment (net of depreciation) Accounts payable Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense 1,340 1,283 934,914 265,240 50 30,000
Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December...
Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 2017* 550 75 35 22 2016* 365 85 62 5 112 300 430 460 Cash Accounts receivable Inventory Prepaid Expenses Non-current - Note receivable Property, plant and Equipment (net of depreciation) Accounts payable Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense * in 000s 13 12 40 83 914 240 934 265 50 30
Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December...
Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 2017* 2016* Cash 550 365 Accounts receivable 75 85 Inventory 35 62 Prepaid Expenses 22 5 Non-current - Note receivable 112 300 Property, plant and Equipment 430 460 (net of depreciation) Accounts payable 13 40 Accrued liabilities 12 83 Common Shares 934 914 Retained Earnings 265 240 Net income 50 Depreciation expense 30 * in 000s
Tell me what you want to do Open in Desktop App Α' Α' Β Ι Ο...
Tell me what you want to do Open in Desktop App Α' Α' Β Ι Ο δν Αν Αο Editing 三三三三ミ Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a 25% investment in Sun - Software Company. Sun - Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. 1) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of...
Q3. (25 marks) Given the following information for Aberdeen Vessel Incorporated prepare their statement of cash...
Q3. (25 marks) Given the following information for Aberdeen Vessel Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE 2017-2016 Cash375250 Accounts receivable8575 Interest receivable56 Inventory8095 Prepaid Expenses 4810 Non-current - Note receivable90125 Property, plant and Equipment325330 (net of depreciation) Accounts payable3320 Accrued liabilities4556 Common Shares 825755 Retained Earnings 10560 Net income50 Depreciation expense2 Gain on sale of property 1.5 in 000 words English India e here to search H. d
Α' Α' Β Ι Ο ν Αν Α. Styles 10 Find QUESTION A & S company...
Α' Α' Β Ι Ο ν Αν Α. Styles 10 Find QUESTION A & S company supplies furniture to three local retailers, Quebec, Penner, and Triplesix Inc. The following exhibit presents representative revenues and costs of A&S by customers for the year 2019. Additional information on A & S's costs for different activities at various levels of the cost hierarchy is as follows: Quebec $450,000 270,000 37,000 Penner $340,000 220,000 20,000 Triplesix $540,000 430,000 49,000 Total $1,330,000 $920,000 $106,000 Sales...
Q3. (25 marks) Given the following information for Aberdeen Vessel Incorporated prepare their statement of cash...
Q3. (25 marks) Given the following information for Aberdeen Vessel Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE 2017 2016 Cash375250 Accounts receivable8575 Interest receivable 56 Inventory 8095 Prepaid Expenses 1810 Non-current Note receivable90125 Property, plant and Equipment 325330 (niet of depreciation) Accounts payable3320 Accrued liabilities 4556 Common Shares825755 Retained Earnings 10560 Net in.com 50 Depreciation expense Gain on sale of property 1.5 het Show transcribed image text
please show set by step
Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 2017*2016* Cash550365 Accounts receivable7585 Inventory3562 Prepaid Expenses 225 Non-current - Note receivable112300 Property, plant and Equipment430460 (net of depreciation) Accounts payable 1340 Accrued liabilities1 283 Common Shares934914 Retained Earnings 265240 Net income50 Depreciation expense30 * in 000s Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of...
Hea Q2. (25 martes) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. I 201702016 CashS50365 Accounts receivable7585 Inventory3562 Prepaid Expenses225 Non-current - Note receivablel12300 Property, plant and Equipment430460 (net of depreciation) Accounts payable1340 Accrued liabilities1283 Common Share-934914 Retained Eaming 265240 Net income 50 Depreciation expense30 in 000
Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. Qash 550,365 7,585 3,562 225 112,300 430,460 Accounts receivable Inventory Prepaid Expenses Non-current - Note receivable Property, plant and Equipment (net of depreciation) Accounts payable Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense 1,340 1,283 934,914 265,240 50 30,000
Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 2017* 550 75 35 22 2016* 365 85 62 5 112 300 430 460 Cash Accounts receivable Inventory Prepaid Expenses Non-current - Note receivable Property, plant and Equipment (net of depreciation) Accounts payable Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense * in 000s 13 12 40 83 914 240 934 265 50 30
Tell me what you want to do Open in Desktop App Α' Α' Β Ι Ο δν Αν Αο Editing 三三三三ミ Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a 25% investment in Sun - Software Company. Sun - Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. 1) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of...
Q3. (25 marks) Given the following information for Aberdeen Vessel Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE 2017-2016 Cash375250 Accounts receivable8575 Interest receivable56 Inventory8095 Prepaid Expenses 4810 Non-current - Note receivable90125 Property, plant and Equipment325330 (net of depreciation) Accounts payable3320 Accrued liabilities4556 Common Shares 825755 Retained Earnings 10560 Net income50 Depreciation expense2 Gain on sale of property 1.5 in 000 words English India e here to search H. d
Α' Α' Β Ι Ο ν Αν Α. Styles 10 Find QUESTION A & S company supplies furniture to three local retailers, Quebec, Penner, and Triplesix Inc. The following exhibit presents representative revenues and costs of A&S by customers for the year 2019. Additional information on A & S's costs for different activities at various levels of the cost hierarchy is as follows: Quebec $450,000 270,000 37,000 Penner $340,000 220,000 20,000 Triplesix $540,000 430,000 49,000 Total $1,330,000 $920,000 $106,000 Sales...
Q3. (25 marks) Given the following information for Aberdeen Vessel Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE 2017 2016 Cash375250 Accounts receivable8575 Interest receivable 56 Inventory 8095 Prepaid Expenses 1810 Non-current Note receivable90125 Property, plant and Equipment 325330 (niet of depreciation) Accounts payable3320 Accrued liabilities 4556 Common Shares825755 Retained Earnings 10560 Net in.com 50 Depreciation expense Gain on sale of property 1.5 het Show transcribed image text
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