Prepare the statement of cash flows from operating activities using the indirect method with the following...
Prepare the statement of cash flows from operating activities using the indirect method with the following company information: (20 points)
|
2020 |
2019 |
|
|
Cash |
$240,000 |
$ 230,500 |
|
Accounts Receivable |
85,000 |
100,000 |
|
Prepaid Insurance |
25,000 |
30,000 |
|
Prepaid Taxes |
50,000 |
25,000 |
|
Equipment and Furniture |
1,000,000 |
935,000 |
|
Accounts Payable |
60,000 |
50,000 |
|
Salaries Payable |
25,000 |
36,000 |
|
Mortgage Payable |
985,000 |
1,250,000 |
|
Net Income |
300,000 |
250,000 |
|
Depreciation Expense |
135,000 |
165,000 |
|
Loss on sale of assets |
15,500 |
0 |
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Prepare the statement of cash flows
from operating activities using the indirect method with the
following...
prepare the statement of cash flows using the indirect method using the following information Problem 4:...
prepare the statement of cash flows using the indirect method
using the following information
Problem 4: Prepare the statement of cash flows using the indirect method using the following information: (22 points) Cash Accounts Receivable Prepaid Insurance Prepaid Taxes Equipment and Furniture Accounts Payable Salaries Payable Mortgage Payable Net Income Depreciation Expense Loss on sale of assets 2018 $240,000 85,000 25,000 50,000 1,000,000 60,000 25,000 985,000 300,000 150,000 5,000 2017 $ 230,500 100,000 30,000 25,000 935,000 50,000 36,000 1,250,000 250,000...
Please show all work. Problem 7: Prepare the statement of cash flows from financing activities using...
Please show all work.
Problem 7: Prepare the statement of cash flows from financing activities using the following company information: (10 points) 2020 2019 Cash $240,000 $ 230,500 Accounts Receivable 85,000 100,000 Prepaid Insurance 25,000 30,000 Prepaid Taxes 50,000 25,000 Equipment and Furniture 1,000,000 935,000 Accounts Payable 60,000 50,000 Salaries Payable 25,000 36,000 Mortgage Payable 985,000 1,250,000 Net Income 300,000 250,000 Depreciation Expense 135,000 165,000 Loss on sale of assets 15,500 0 Additional information No new loans were obtained The...
I need to prepare a statement of cash flows using the indirect method using this information...
I need to prepare a statement of cash flows using the indirect method using this information Assets: Dec. 31st, 2020 Dec. 1st, 2019 Cash 680,000 360,000 Investments 110,000 290,000 Accounts receivable 115,000 130,000 Inventory 230,000 195,000 Prepaid advertising 40,000 25,000 Property & Equipment, net 435,000 500,000 Patents, net 180,000 50,000 Total Assets 1,790,000 1,550,000 Liabilities & Stockholders’ Equity Accounts Payable 265,000 284,000 Wages Payable 30,000 21,000 Notes Payable 650,000 350,000 Common Stock & APIC 600,000 600,000 Treasury Stock (250,000) (50,000)...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4,5 the comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017 is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets Cash.**** SHOW ME HOW TCL TEMPLATE $ 80,000 275,000 510,000 15,000 1,070,000 (200,000) $1,750,000 $100,000 300,000 400,000 10,000 750,000 (160,000) $1,400,000 Accounts receivable (net)..... Inventories... Prepaid expenses ...... Equipment..... Accumulated depreciation equipment.. Total assets....
Prepare a statement of cash flows for Dair Company using: a. the indirect method b. the...
Prepare a statement of cash flows for Dair Company using:
a. the indirect method
b. the direct method
DAIR COMPANY Income Statement For Year Ended December 31, 2013 $700,000 Sales ..... $440,000 95,000 22,000 7,000 10,000 36,000 5,000 Cost of goods sold Wages and other operating expenses. Depreciation expense.. Amortisation expense. Interest expense . Income tax expense Loss on bond retirement. 615,000 Net income..... $ 85,000 DAIR COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 Assets $ 27,000 53,000...
Cash Flow Statement Using the data below, prepare a statement of cash flows (indirect method) for...
Cash Flow Statement Using the data below, prepare a statement of cash flows (indirect method) for Hanger Corporation for the year 2018 December 31 2018 2017 Cash 72,000 26,000 Account Receivable 98,500 76,900 Inventory 145,000 165,000 Prepaid rent 6,800 6,100 Land 110,000 70,000 Building 268,000 226,000 Accumulated depreciation (29,000) (9,000) Equipment 15,000 30,000 686,300 591,000 Accounts Payable 89,000 83,000 Salaries Payable 49,500 59,900 Bonds payable 115,000 60,000 Common stock 110,000 110,000 Retained earnings 332,800 281,100 Treasury stock at cost (10,000)...
Please prepare statement of cash flows and answer the category sections. Thank you PART Il Flower...
Please prepare statement of cash flows and answer the category
sections. Thank you
PART Il Flower Company Balance Sheet For Year Ended 12/31 Statement of Cash Flows (60%) Complete on the next page: ASSETS CATEGORY 2018 2017 (Decrease) 91,830 21,750 58,000 r 169,500)nestis Cash 58,250 107,000 85,000 Accounts receivable Inventory Long Term Investment (1) Land (2) 80,000 165,000 15,500 1,250,000 1,125,000 125,000 0 50,000 (50,000) Equipment (3) (572,000) (28,000 Accumulated depreciation (600,000) 830.295 S 149.080 Total assets 76,340s 112,760 Accounts...
Prepare a Statement of Cash Flows using the direct method. Use the following information: The following...
Prepare a Statement of Cash Flows using the direct method. Use
the following information:
The following information is available for 2017.
Equipment (cost $10,000 and accumulated depreciation $4,000)
was sold for $7,000. All other changes in Property, Plant and
Equipment accounts relate to purchases and depreciation expense,
respectively.
Intangible Assets costing $10,000 were purchased during
2017.
There were $25,000 in payments on the Bonds Payable during
2017
12/31/2016 Closing Trial Balance 55,000 70,000 (4,000) 80,000 9,000 - Cash Accounts Receivable...
Prepare the operating activities section of the statement of cash flows for 2016 using the indirect method.
Partial balance sheets and additional information are listed below for sowell companySowell CompanyPartial Balance sheetsas on December 31Assets20162015Cash$40,000$20,000Accounts receivable70,00085,000Inventory40,00035,000LiabilitiesAccounts payable54,00062,000Additional information for 2016Net income$88,000Depreciation expense$19,000Prepare the operating activities section of statement of cash flow for 2016 using the indirect method
Build a Statement of Cash Flows using the Indirect method for 2019. 2018 2017 $ 525,710...
Build a Statement of Cash Flows using the Indirect method for
2019.
2018 2017 $ 525,710 75,000 455,000 (25,000) 23,676 658,079 15,000 525,000 (105,000) 21,574 139,836 29,050 3,520 975,000 2,201,792 148,945 34,982 5,400 775,000 2,078,980 5,000,000 (1,500,000) 5,000,000 (2,000,000) 285,000 1,450,000 1,450,000 BALANCE SHEET December 31, 2019 Assets Cash $ (3,049,775) $ Marketable securities 209,000 Accounts receivable 1,665,425 Allowance for Bad Debt (266,468) Interest Receivable 71,875 Prepaid Advertising 13,333 Prepaid Insurance 462,280 Prepaid Rent 65,167 Office supplies 10,000 Inventory 727,850...
prepare the statement of cash flows using the indirect method
using the following information
Problem 4: Prepare the statement of cash flows using the indirect method using the following information: (22 points) Cash Accounts Receivable Prepaid Insurance Prepaid Taxes Equipment and Furniture Accounts Payable Salaries Payable Mortgage Payable Net Income Depreciation Expense Loss on sale of assets 2018 $240,000 85,000 25,000 50,000 1,000,000 60,000 25,000 985,000 300,000 150,000 5,000 2017 $ 230,500 100,000 30,000 25,000 935,000 50,000 36,000 1,250,000 250,000...
Please show all work.
Problem 7: Prepare the statement of cash flows from financing activities using the following company information: (10 points) 2020 2019 Cash $240,000 $ 230,500 Accounts Receivable 85,000 100,000 Prepaid Insurance 25,000 30,000 Prepaid Taxes 50,000 25,000 Equipment and Furniture 1,000,000 935,000 Accounts Payable 60,000 50,000 Salaries Payable 25,000 36,000 Mortgage Payable 985,000 1,250,000 Net Income 300,000 250,000 Depreciation Expense 135,000 165,000 Loss on sale of assets 15,500 0 Additional information No new loans were obtained The...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4,5 the comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017 is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets Cash.**** SHOW ME HOW TCL TEMPLATE $ 80,000 275,000 510,000 15,000 1,070,000 (200,000) $1,750,000 $100,000 300,000 400,000 10,000 750,000 (160,000) $1,400,000 Accounts receivable (net)..... Inventories... Prepaid expenses ...... Equipment..... Accumulated depreciation equipment.. Total assets....
Prepare a statement of cash flows for Dair Company using:
a. the indirect method
b. the direct method
DAIR COMPANY Income Statement For Year Ended December 31, 2013 $700,000 Sales ..... $440,000 95,000 22,000 7,000 10,000 36,000 5,000 Cost of goods sold Wages and other operating expenses. Depreciation expense.. Amortisation expense. Interest expense . Income tax expense Loss on bond retirement. 615,000 Net income..... $ 85,000 DAIR COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 Assets $ 27,000 53,000...
Please prepare statement of cash flows and answer the category
sections. Thank you
PART Il Flower Company Balance Sheet For Year Ended 12/31 Statement of Cash Flows (60%) Complete on the next page: ASSETS CATEGORY 2018 2017 (Decrease) 91,830 21,750 58,000 r 169,500)nestis Cash 58,250 107,000 85,000 Accounts receivable Inventory Long Term Investment (1) Land (2) 80,000 165,000 15,500 1,250,000 1,125,000 125,000 0 50,000 (50,000) Equipment (3) (572,000) (28,000 Accumulated depreciation (600,000) 830.295 S 149.080 Total assets 76,340s 112,760 Accounts...
Prepare a Statement of Cash Flows using the direct method. Use
the following information:
The following information is available for 2017.
Equipment (cost $10,000 and accumulated depreciation $4,000)
was sold for $7,000. All other changes in Property, Plant and
Equipment accounts relate to purchases and depreciation expense,
respectively.
Intangible Assets costing $10,000 were purchased during
2017.
There were $25,000 in payments on the Bonds Payable during
2017
12/31/2016 Closing Trial Balance 55,000 70,000 (4,000) 80,000 9,000 - Cash Accounts Receivable...
Build a Statement of Cash Flows using the Indirect method for
2019.
2018 2017 $ 525,710 75,000 455,000 (25,000) 23,676 658,079 15,000 525,000 (105,000) 21,574 139,836 29,050 3,520 975,000 2,201,792 148,945 34,982 5,400 775,000 2,078,980 5,000,000 (1,500,000) 5,000,000 (2,000,000) 285,000 1,450,000 1,450,000 BALANCE SHEET December 31, 2019 Assets Cash $ (3,049,775) $ Marketable securities 209,000 Accounts receivable 1,665,425 Allowance for Bad Debt (266,468) Interest Receivable 71,875 Prepaid Advertising 13,333 Prepaid Insurance 462,280 Prepaid Rent 65,167 Office supplies 10,000 Inventory 727,850...
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