ON THE BASIS OF THE FOLLOWING DATA FOR BRANCH CO. FOR THE CURRENT AND PRECEDING YEARS ENDED DECEMBER 31, PREPARE A STATEMENT OF CASH FLOWS USING THE INDIRECT METHOD. ASSUME EQUIPMENT WAS PURCHASED, ON CASH COSTING 100,000 LAND WAS SOLD FOR 12,000 NET INCOME EARNED IN CURRENT YEAR 44800 DIVIDENDS DECLARED AND EARNED 14400 STOCK WAS ISSUED FOR CASH
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ON THE BASIS OF THE FOLLOWING DATA FOR BRANCH CO. FOR THE
CURRENT AND PRECEDING YEARS...
ON THE BASIS OF THE FOLLOWING DATA FOR BRANCH CO. FOR THE CURRENT AND PRECEDING YEARS...
ON THE BASIS OF THE FOLLOWING DATA FOR BRANCH CO. FOR THE CURRENT AND PRECEDING YEARS ENDED DECEMBER 31, PREPARE A STATEMENT OF CASH FLOWS USING THE INDIRECT METHOD. ASSUME EQUIPMENT WAS PURCHASED, ON CASH COSTING 100,000 LAND WAS SOLD FOR 12,000 NET INCOME EARNED IN CURRENT YEAR 44800 DIVIDENDS DECLARED AND EARNED 14400 STOCK WAS ISSUED FOR CASH BALANCE SHEET CURRENT YEAR PRIOR YEAR CASH 52000 43200 ACCOUNTS RECEIVABLE (NET) 62400 68000 INVENTORIES 85200 72000 LAND 0 16000 EQUIPMENT...
BALANCE SHEET PRIOR YEAR CURRENT YEAR 52000 CASH 43200 62400 68000 ACCOUNTS RECEIVABLE (NET) INVENTORIES 85200...
BALANCE SHEET PRIOR YEAR CURRENT YEAR 52000 CASH 43200 62400 68000 ACCOUNTS RECEIVABLE (NET) INVENTORIES 85200 72000 0 16000 LAND 396000 296000 EQUIPMENT ACCUMULATED DEPRECIATION -172000 -126400 423600 16880 0 0 42800 44000 ACCOUNTS PAYABLE (MERCHANDISE CREDITORS) COMMON STOCK, SIO PAR 160000 136000 49600 48000 PAID-IN CAPITAL IN EXCESS OF PAR-COMMON STOCK 171200 140000 RETAINED EARNINGS 423600 368800 04) (20 MARKS) ON THE BASIS OF THE FOLLOWING DATA FOR BRANCH CO. FOR THE CURRENT AND PRECEDING YEARS ENDED DECEMBER 31,...
03) JOURNALIZE THE FOLLOWING ENTRIES (MARKSEACH) ABC CO. PRUCHASED (LENDED MONEY) TREASURY BONDS WITH THE FOLLOWING...
03) JOURNALIZE THE FOLLOWING ENTRIES (MARKSEACH) ABC CO. PRUCHASED (LENDED MONEY) TREASURY BONDS WITH THE FOLLOWING DETAILS 33.000 INT PMT DATES: 29TH FEB.JOTH AUG BUYING WORTH OF BOND DATE OF BUYING THE BOND COUPON RATE 30TH APRIL 1096 SEMI ANNUAL PMTS SYEAR BOND INTEREST PMT DATES 30TH JAN 30TH JULY CALCULATE SEMI ANNUAL INTEREST PAYMENTS ANNUAL INTEREST PAYMENTS JOURNALIZE THE FOLLOWING ENTRIES C. 30TH APRIL PURCHASE OF BOND D 30TH JULY FIRST INTEREST REVEARNED E DECIST END OF FINANCIAL YEAR...
On the basis of the following data for Breach Co. for the current and preceding years...
On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period. Stock was issued for cash-3,200 shares at par. Net income for the current year was $76,000. Cash dividends declared and paid were $13,000. Current Year Prior Year Assets Cash Accounts Receivable (net) Inventories...
On the basis of the following data for Breach Co. for the current and preceding years...
On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period. Stock was issued for cash-3,200 shares at par. Net income for the current year was $76,000. Cash dividends declared and paid were $13,000. Current Year Prior Year Assets Cash $ 170,000 $74,000 Accounts...
On the basis of the following data for Breach Co. for the current and preceding years...
On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period. Stock was issued for cash-3,200 shares at par. Net income for the current year was $76,000. Cash dividends declared and paid were $13,000. Current Year Prior Year Assets Cash $ 170,000 $74,000 Accounts...
On the basis of the following data for Breach Co. for the current and preceding years...
On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period. Stock was issued for cash-3,200 shares at par. Net income for the current year was $76,000. Cash dividends declared and paid were $13,000. Current Year Prior Year Assets Cash Accounts Receivable (net) $74,000...
Calculator On the basis of the following data for Breach Co. for the current and preceding...
Calculator On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period Stock was issued for cash-3,200 shares at par Net income for the current year was $76,000. Cash dividends declared and paid were $13,000. Current Year Prior Year Assets Cash Accounts Receivable (net)...
On the bass of the following data for Breach Co. for the current and preceding years...
On the bass of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash ons using the indirect method assume that equipment costing $25,000 was purchased for cash and no long term assets were sold during the period Stock was issued for cash-3,200 shares at par Net income for the current year was $ 76,000. Cash dividends declared and paid were $13,000 Current Year Prior Year Assets Cash Accounts Receivable...
b. The following data are taken from the financial statements: Current assets Property, plant, and equipment...
b. The following data are taken from the financial statements: Current assets Property, plant, and equipment Current liabilities (non-interest-bearing) Long-term liabilities, 12% Preferred 10% stock Common stock, $25 par Retained earnings, beginning of year Net income for year Preferred dividends declared Common dividends declared Current Year $ 745,000 1,510,000 160,000 400,000 250,000 1,200,000 230,000 110,000 (25,000) (70,000) Preceding Year $ 820,000 1,400,000 140,000 400,000 250,000 1.200,000 160,000 155,000 (25,000) (60,000) The current market price per share of common stock is...
BALANCE SHEET PRIOR YEAR CURRENT YEAR 52000 CASH 43200 62400 68000 ACCOUNTS RECEIVABLE (NET) INVENTORIES 85200 72000 0 16000 LAND 396000 296000 EQUIPMENT ACCUMULATED DEPRECIATION -172000 -126400 423600 16880 0 0 42800 44000 ACCOUNTS PAYABLE (MERCHANDISE CREDITORS) COMMON STOCK, SIO PAR 160000 136000 49600 48000 PAID-IN CAPITAL IN EXCESS OF PAR-COMMON STOCK 171200 140000 RETAINED EARNINGS 423600 368800 04) (20 MARKS) ON THE BASIS OF THE FOLLOWING DATA FOR BRANCH CO. FOR THE CURRENT AND PRECEDING YEARS ENDED DECEMBER 31,...
03) JOURNALIZE THE FOLLOWING ENTRIES (MARKSEACH) ABC CO. PRUCHASED (LENDED MONEY) TREASURY BONDS WITH THE FOLLOWING DETAILS 33.000 INT PMT DATES: 29TH FEB.JOTH AUG BUYING WORTH OF BOND DATE OF BUYING THE BOND COUPON RATE 30TH APRIL 1096 SEMI ANNUAL PMTS SYEAR BOND INTEREST PMT DATES 30TH JAN 30TH JULY CALCULATE SEMI ANNUAL INTEREST PAYMENTS ANNUAL INTEREST PAYMENTS JOURNALIZE THE FOLLOWING ENTRIES C. 30TH APRIL PURCHASE OF BOND D 30TH JULY FIRST INTEREST REVEARNED E DECIST END OF FINANCIAL YEAR...
On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period. Stock was issued for cash-3,200 shares at par. Net income for the current year was $76,000. Cash dividends declared and paid were $13,000. Current Year Prior Year Assets Cash Accounts Receivable (net) Inventories...
On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period. Stock was issued for cash-3,200 shares at par. Net income for the current year was $76,000. Cash dividends declared and paid were $13,000. Current Year Prior Year Assets Cash Accounts Receivable (net) $74,000...
Calculator On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period Stock was issued for cash-3,200 shares at par Net income for the current year was $76,000. Cash dividends declared and paid were $13,000. Current Year Prior Year Assets Cash Accounts Receivable (net)...
On the bass of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash ons using the indirect method assume that equipment costing $25,000 was purchased for cash and no long term assets were sold during the period Stock was issued for cash-3,200 shares at par Net income for the current year was $ 76,000. Cash dividends declared and paid were $13,000 Current Year Prior Year Assets Cash Accounts Receivable...
b. The following data are taken from the financial statements: Current assets Property, plant, and equipment Current liabilities (non-interest-bearing) Long-term liabilities, 12% Preferred 10% stock Common stock, $25 par Retained earnings, beginning of year Net income for year Preferred dividends declared Common dividends declared Current Year $ 745,000 1,510,000 160,000 400,000 250,000 1,200,000 230,000 110,000 (25,000) (70,000) Preceding Year $ 820,000 1,400,000 140,000 400,000 250,000 1.200,000 160,000 155,000 (25,000) (60,000) The current market price per share of common stock is...
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