Fill in the following table assuming the tax rate is 0%. An example is provided for...
Fill in the following table assuming the tax rate is 0%. An example is provided for depreciation of $1,000.
|
Account |
Income Statement |
Balance Sheet |
Statement of Cash Flows |
|
|
Assets |
Liabilities and Equity |
|||
|
Depreciation of $1,000 |
Net Income decreases by ($1,000) |
Adds to contra assets, reducing Net PPE by ($1,000) |
Reduces retained earnings by ($1,000) |
Add back of $1,000 to the cash flow from operating activities |
|
Amortization of $1,000 |
||||
|
Minority interest of $1,000 |
||||
|
Equity earnings in affiliates of $1,000 |
||||
|
Dividends from affiliates of $1,000 |
||||
Homework Answers
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Fill in the following table assuming the tax rate is 0%.
An example is provided for...
QUESTION 1 Given the following income statement and balance sheet data, select which items would be...
QUESTION 1 Given the following income statement and balance sheet data, select which items would be included in presenting the cash flow from operating activities section of the statement of cash flows using the indirect method: 2019 $50,000 33,400 16,600 13,600 920 Income Statement ($ millions) Sales Less: Cost of goods sold Gross profits Less: Cash operating expenses Less: Depreciation expense Less: Amortization of intangible assets Operating profits (EBIT) Less: Interest expense Equity in earnings (loss) of affiliate Gain (loss)...
Calculate Netflix Inc. [NFLX] cash flow ratios as presented below. Demonstrate your calculations in your post,...
Calculate Netflix Inc. [NFLX] cash flow ratios as presented below. Demonstrate your calculations in your post, and explain what the cash flow ratios indicate about the company. Start with net income for the period, found on the income statement. Adjust net income for non-cash expenses (typically depreciation and amortization). Since depreciation and amortization expenses decrease net income, but do not use cash, they are added back to net income in the conversion. Add back losses or subtract out gains that...
Calculate The Hershey Company's [HSY] cash flow ratios as presented below using the data from Yahoo...
Calculate The Hershey Company's [HSY] cash flow ratios as presented below using the data from Yahoo Finance (go to www.finance.yahoo.com and search HSY). Demonstrate your calculations in your post, and explain what the cash flow ratios indicate about the company. 1. Start with net income for the period, found on the income statement. 2. Adjust net income for non-cash expenses (typically depreciation and amortization). Since depreciation and amortization expenses decrease net income, but do not use cash, they are added...
please i need help completing this table thank you Refer to the following financial statements for...
please i need help completing this table thank you
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 3,990,000 2,480,000 1,510,000 744,000 261,000 505,000 87,300 417,700 223,000 194,700 10,000 184,700 150,000 1.23 Sales Cost of goods sold 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...
Forecast the Statement of Cash Flows Following are the income statements and balance sheets of Best...
Forecast the Statement of Cash Flows Following are the income statements and balance sheets of Best Buy Co., Inc. Income Statement, Fiscal Years Ended ($ millions) 2012 Estimated Feb. 26, 2011 Revenue $53,037 $50,272 Cost of goods sold 39,672 37,611 Restructuring charges - cost of goods sold -- 24 Gross profit 13,365 12,637 Selling, general and administrative expenses 10,873 10,325 Restructuring charges -- 198 Goodwill and tradename impairment -- -- Operating income 2,492 2,114 Other income (expenses) Investment income and...
Please create a balance sheet based on the following income and cash flow statements: PLEASE FILL...
Please create a balance sheet based on the following income and cash flow statements: PLEASE FILL IN blank columm in balance sheet below for 2016 Income Statement 2016 Sales 655,150 Expenses excluding depreciation and amortization 386,878 EBITDA 268,272 Depreciation and amortization 7,388 EBIT 260,884 Interest expense 8,574 EBT 252,310 Taxes (20%) 20% 50,462 Net income 201,848 Common dividends 12,554 Addition to retained earnings 189,294 Cash flow Statement 2016 Operating Activities 203,409 Net Income 201,848 Depreciation and amortization 7,388 Increase in...
The balance sheets for a company, along with additional information, are provided below: Balance Sheets December...
The balance sheets for a company, along with additional information, are provided below: Balance Sheets December 31, Year 2 and Year 1. Year 2 Year 1 $ $ 156,250 74,000 85,000 2,000 171,500 87,000 71,000 1,000 430,000 720,000 (400, 000) $1,067, 250 430,000 620,000 (248,000) $1, 132, 500 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities:...
helllo! i need help figuring out this managerial accouting! i need to fill all the blanks!...
helllo! i need help figuring out this managerial accouting! i
need to fill all the blanks! i keep getting stuck! any help?
Operating Activities Class Full Problem Full Cash Flow Stmt- Prepare a State of Cash Flow The following is Folex Company's income statement and balance sheet in millions): Additions to Net Income crease in t he Deactionrm Net Income Increase Incri tory Inci paidats Decreased counts payable Decrease accrued liabilities 3750 450 $300 100 5200 15 Decin paidat Increase...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2020 $...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2020 $ 159,000 89,500 75,500 1,500 PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 Assets Current assets: Cash $ 146,750 Accounts receivable 76,000 Inventory 90,000 Prepaid rent 3,000 Long-term assets: Land 455,000 Equipment 750,000 Accumulated depreciation (415, 000) Total assets $1,105,750 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 94,000 Interest payable 6,750 Income tax payable 7,000 Long-term liabilities: Notes payable 112,500...
Homework: Chapter 16 Calculator Print Item Use the following information from Berlin Company's financial statements. Dec....
Homework: Chapter 16 Calculator Print Item Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec 31, 2017 Assets Cash $30,000 $24,000 12.000 Accounts Receivable 10,000 Prepaid Assets 1,000 1,200 $41,200 Total Assets $37,000 Liabilities and Equity Accrued Liabilities 1,700 1,800 Common Stock 33,000 35,000 Retained Earnings 6,500 200 Total Liabilities and Equity $41,200 $37,000 Additional Information: Net Income $5,800 Dividends Pald -500 Prepare the operating activities section of the statement of cash flows (Indirect method) for...
QUESTION 1 Given the following income statement and balance sheet data, select which items would be included in presenting the cash flow from operating activities section of the statement of cash flows using the indirect method: 2019 $50,000 33,400 16,600 13,600 920 Income Statement ($ millions) Sales Less: Cost of goods sold Gross profits Less: Cash operating expenses Less: Depreciation expense Less: Amortization of intangible assets Operating profits (EBIT) Less: Interest expense Equity in earnings (loss) of affiliate Gain (loss)...
please i need help completing this table thank you
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 3,990,000 2,480,000 1,510,000 744,000 261,000 505,000 87,300 417,700 223,000 194,700 10,000 184,700 150,000 1.23 Sales Cost of goods sold 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...
The balance sheets for a company, along with additional information, are provided below: Balance Sheets December 31, Year 2 and Year 1. Year 2 Year 1 $ $ 156,250 74,000 85,000 2,000 171,500 87,000 71,000 1,000 430,000 720,000 (400, 000) $1,067, 250 430,000 620,000 (248,000) $1, 132, 500 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities:...
helllo! i need help figuring out this managerial accouting! i
need to fill all the blanks! i keep getting stuck! any help?
Operating Activities Class Full Problem Full Cash Flow Stmt- Prepare a State of Cash Flow The following is Folex Company's income statement and balance sheet in millions): Additions to Net Income crease in t he Deactionrm Net Income Increase Incri tory Inci paidats Decreased counts payable Decrease accrued liabilities 3750 450 $300 100 5200 15 Decin paidat Increase...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2020 $ 159,000 89,500 75,500 1,500 PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 Assets Current assets: Cash $ 146,750 Accounts receivable 76,000 Inventory 90,000 Prepaid rent 3,000 Long-term assets: Land 455,000 Equipment 750,000 Accumulated depreciation (415, 000) Total assets $1,105,750 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 94,000 Interest payable 6,750 Income tax payable 7,000 Long-term liabilities: Notes payable 112,500...
Homework: Chapter 16 Calculator Print Item Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec 31, 2017 Assets Cash $30,000 $24,000 12.000 Accounts Receivable 10,000 Prepaid Assets 1,000 1,200 $41,200 Total Assets $37,000 Liabilities and Equity Accrued Liabilities 1,700 1,800 Common Stock 33,000 35,000 Retained Earnings 6,500 200 Total Liabilities and Equity $41,200 $37,000 Additional Information: Net Income $5,800 Dividends Pald -500 Prepare the operating activities section of the statement of cash flows (Indirect method) for...
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