Homework Answers
........
Add Answer to:
14. The financial statements for the JHJ Book Store are as follows: INCOME STATEMENT 2013 Sales...
prepare cash flow statement PROBLEM 2-7 The financial statements for the JHJ Book Store are as...
prepare cash flow statement
PROBLEM 2-7 The financial statements for the JHJ Book Store are as follows: INCOME STATEMENT 2013 3,000,000 2.500.000 500,000 Sales Cost of Books Sold Gross Profit Operating Expenses Depreciation Gain on sale of land Net Income 250,000 50.000 300,000 400.000 600.000 BALANCE SHEET 2013 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Land Total Assets 2012 100,000 125,000 150,000 100,000 (25,000) 100,000 550.000 2013 300,000 200,000 350,000 450,000 (75,000) 1.225.000 Accounts Payable Long Term Bond Payable Total...
PROBLEM 2-9 STATEMENT OF CASH FLOWS te for the Book Store are as follos INCOME STATEMENT...
PROBLEM 2-9 STATEMENT OF CASH FLOWS te for the Book Store are as follos INCOME STATEMENT 2013 5,000,000 4.500.000 500,000 Sau Chuo Be 300,000 200.000 500.000 (45, 000) 45000 Operating Expenses Deption Le sale of land Net loss BALANCE SHEET 2013 Cast 2012 100,000 25.000 150,000 100,000 (25,000) 100,000 450,000 2013 60,000 325,000 450,000 450,000 (225.000) Accounts Receivable Inventory Equipment Accumulated Depreciation Land Total Assets 1.060.000 100,000 Accounts Payable Long Term Bond Payable Total Liabilities 300,000 200,000 500.000 100.000 Common...
prepare cash flow statement PROBLEM 2-14 STATEMENT OF CASH FLOWS ancial statements for the Pe The...
prepare cash flow statement
PROBLEM 2-14 STATEMENT OF CASH FLOWS ancial statements for the Pe The financia its for the Peoples Show Store are as follows: INCOME STATEMENT 2013 Sales Cost of Goods Sold Gross Profit 800,000 500.000 300,000 Selling and Operating Expenses Net Operating Income Nonoperating items: 213,000 87.000 Gain on sale of investing Loss on sale of equipment 7,000 _(4.000) DO Income before taxes Income taxes Net Income - 3.000 90,000 27,000 63,000 ODP 00002 During 2013, Peoples...
LO4 Comparative statements of financial position for 2013 and 2012, the income statement for 2013, and...
LO4 Comparative statements of financial position for 2013 and 2012, the income statement for 2013, and additional information from the accounting records of Red Ltd are provided below. E 21-27 Statement of cash flows; direct method - LO3 LOS LOS LOS RED LTD Comparative Statements of Financial Position December 31, 2013 and 2012 is in millions) 2013 2012 $ 24 178 $110 132 Assets Cash Accounts receivable Prepaid insurance Inventory Buildings and equipment Less: Accumulated depreciation 175 350 285 400...
ALX Corp. has the following financial statements for years 2018 and 2017: $m $m Income statement...
ALX Corp. has the following financial statements for years 2018 and 2017: $m $m Income statement 2018 2017 Revenue $ 1,500 $ 1,300 EBITDA $ 160 $ 150 Dep. & Amor $ 30 $ 25 EBIT $ 130 $ 125 Net Income $ 21 $ 20 EBT $ 109 $ 105 Taxes (35%) Net Income Balance Sheet 2018 2017 Current Assets $ 340 $ 250 Net Plant & Equip. $ 370 $ 340 Total Assets $ 710 $ 690 Current...
thumbs up if correct thanks! Based on the following financial statements: Income Statement Sales Cost of...
thumbs up if correct thanks!
Based on the following financial statements: Income Statement Sales Cost of goods sold Depreciation Seling & ministrative expenses EBIT Interest expenso Taxable income Taxes Not income 2012 $5,500,000 2,850,000 280,000 1.500.000 870.000 130.000 740,000 330,000 $ 410,000 2012 2011 Balance Sheet, year-end Assets Cash Accounts receivable Inventory Total current assets Fixed assets $ 50.000 680.000 490,000 $1,200,000 3,100,000 $4,300,000 $ 40,000 600,000 480.000 $1,210,000 2,800,000 $4,010,000 Total assets Liabilities and shareholders' equity Accounts payable Short-term...
ARCTIC COMPAY Income Statement For the Tear tnded December 31, 2013 Sales evenue S0000 Cest of...
ARCTIC COMPAY Income Statement For the Tear tnded December 31, 2013 Sales evenue S0000 Cest of Goods Sold 587400 Wges Expense 209.000 Advertiong xperoe 34100 Deprecation Expere ntwpense 24200 1900 Gain on Sale ef Land 27500 47000 t O0 ARCTIC COMPANY Balance Sheets Dec 31, 2013 Dec. 31, 2012 Assets Cash $30800 55000 Accourts Receable 4200 inentory Prepd Advetsn 134 300 112300 plant Ats 244200 Accumulted Deoreoaon Totl Aets $53000 $40700 Liabilties and Sockhelders touty Accounts Payale s4100 intert Payable...
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year...
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold 2,200,000 1,300,000 900,000 420,000 150,000 330,000 90,000 240,000 80,000 160,000 10,000 150,000 120,000 1.25 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share Statement of Retained Earnings For the Year Ended December...
thumbs up of correct thanks! Based on the following financial statements: Income Statement 2012 $5,500,000 2,850,000...
thumbs up of correct thanks!
Based on the following financial statements: Income Statement 2012 $5,500,000 2,850,000 280,000 1,500,000 870,000 130,000 740,000 330,000 $ 410,000 2012 2011 Salos Cost of goods sold Depreciation Seling & administrative expenses EBIT Inforest expense Taxable income Taxes Net Income Balance Sheet, year-end Assets Cash Accounts rocovabilo Inventory Total current sets Fixed assets Total assets Liabilities and shareholders' equity Accounts payable Short-term dobt Total current liabilities Longform bonds Total abetos $ 50,000 660,000 490.000 $1,200,000 3,100,000...
I am preparing a statement of cash flows below are the income statement, balance sheets for...
I
am preparing a statement of cash flows
below are the income statement, balance sheets for the current
and previous year, and given info.
I have completed most of it but I am missing information
somewhere. I have also included what I have so far.
nancial Reporting Step 2 Template_20151111 (1) - Ex... Search Formulas Data Review View Help AA == A. 2 Wrap Text Merge & Center - Accounting $ -% -98 Insert Delete Format Conditional Format as Cell...
prepare cash flow statement
PROBLEM 2-7 The financial statements for the JHJ Book Store are as follows: INCOME STATEMENT 2013 3,000,000 2.500.000 500,000 Sales Cost of Books Sold Gross Profit Operating Expenses Depreciation Gain on sale of land Net Income 250,000 50.000 300,000 400.000 600.000 BALANCE SHEET 2013 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Land Total Assets 2012 100,000 125,000 150,000 100,000 (25,000) 100,000 550.000 2013 300,000 200,000 350,000 450,000 (75,000) 1.225.000 Accounts Payable Long Term Bond Payable Total...
PROBLEM 2-9 STATEMENT OF CASH FLOWS te for the Book Store are as follos INCOME STATEMENT 2013 5,000,000 4.500.000 500,000 Sau Chuo Be 300,000 200.000 500.000 (45, 000) 45000 Operating Expenses Deption Le sale of land Net loss BALANCE SHEET 2013 Cast 2012 100,000 25.000 150,000 100,000 (25,000) 100,000 450,000 2013 60,000 325,000 450,000 450,000 (225.000) Accounts Receivable Inventory Equipment Accumulated Depreciation Land Total Assets 1.060.000 100,000 Accounts Payable Long Term Bond Payable Total Liabilities 300,000 200,000 500.000 100.000 Common...
prepare cash flow statement
PROBLEM 2-14 STATEMENT OF CASH FLOWS ancial statements for the Pe The financia its for the Peoples Show Store are as follows: INCOME STATEMENT 2013 Sales Cost of Goods Sold Gross Profit 800,000 500.000 300,000 Selling and Operating Expenses Net Operating Income Nonoperating items: 213,000 87.000 Gain on sale of investing Loss on sale of equipment 7,000 _(4.000) DO Income before taxes Income taxes Net Income - 3.000 90,000 27,000 63,000 ODP 00002 During 2013, Peoples...
LO4 Comparative statements of financial position for 2013 and 2012, the income statement for 2013, and additional information from the accounting records of Red Ltd are provided below. E 21-27 Statement of cash flows; direct method - LO3 LOS LOS LOS RED LTD Comparative Statements of Financial Position December 31, 2013 and 2012 is in millions) 2013 2012 $ 24 178 $110 132 Assets Cash Accounts receivable Prepaid insurance Inventory Buildings and equipment Less: Accumulated depreciation 175 350 285 400...
thumbs up if correct thanks!
Based on the following financial statements: Income Statement Sales Cost of goods sold Depreciation Seling & ministrative expenses EBIT Interest expenso Taxable income Taxes Not income 2012 $5,500,000 2,850,000 280,000 1.500.000 870.000 130.000 740,000 330,000 $ 410,000 2012 2011 Balance Sheet, year-end Assets Cash Accounts receivable Inventory Total current assets Fixed assets $ 50.000 680.000 490,000 $1,200,000 3,100,000 $4,300,000 $ 40,000 600,000 480.000 $1,210,000 2,800,000 $4,010,000 Total assets Liabilities and shareholders' equity Accounts payable Short-term...
ARCTIC COMPAY Income Statement For the Tear tnded December 31, 2013 Sales evenue S0000 Cest of Goods Sold 587400 Wges Expense 209.000 Advertiong xperoe 34100 Deprecation Expere ntwpense 24200 1900 Gain on Sale ef Land 27500 47000 t O0 ARCTIC COMPANY Balance Sheets Dec 31, 2013 Dec. 31, 2012 Assets Cash $30800 55000 Accourts Receable 4200 inentory Prepd Advetsn 134 300 112300 plant Ats 244200 Accumulted Deoreoaon Totl Aets $53000 $40700 Liabilties and Sockhelders touty Accounts Payale s4100 intert Payable...
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold 2,200,000 1,300,000 900,000 420,000 150,000 330,000 90,000 240,000 80,000 160,000 10,000 150,000 120,000 1.25 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share Statement of Retained Earnings For the Year Ended December...
thumbs up of correct thanks!
Based on the following financial statements: Income Statement 2012 $5,500,000 2,850,000 280,000 1,500,000 870,000 130,000 740,000 330,000 $ 410,000 2012 2011 Salos Cost of goods sold Depreciation Seling & administrative expenses EBIT Inforest expense Taxable income Taxes Net Income Balance Sheet, year-end Assets Cash Accounts rocovabilo Inventory Total current sets Fixed assets Total assets Liabilities and shareholders' equity Accounts payable Short-term dobt Total current liabilities Longform bonds Total abetos $ 50,000 660,000 490.000 $1,200,000 3,100,000...
I
am preparing a statement of cash flows
below are the income statement, balance sheets for the current
and previous year, and given info.
I have completed most of it but I am missing information
somewhere. I have also included what I have so far.
nancial Reporting Step 2 Template_20151111 (1) - Ex... Search Formulas Data Review View Help AA == A. 2 Wrap Text Merge & Center - Accounting $ -% -98 Insert Delete Format Conditional Format as Cell...
Most questions answered within 3 hours.
-
The free energy change for the following reaction at 25 °C, when
[Sn2+] = 1.17 M...
asked 49 seconds ago -
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 1 hour ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 2 hours ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 3 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 2 hours ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 3 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 4 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 4 hours ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 4 hours ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 6 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 7 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 7 hours ago