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in cashIf * Data Table - X $ ties Cash receipt from sale of land Depreciation...
Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2018...
Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2018 in (Click the icon to view the current accounts.) Click the icon to view the transaction data.) Prepare Morston's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in...
i Data Table 2018 2017 Current Assets: Cash $ 86,800 $ 64,200 87,000 17,000 69,000 82,000...
i Data Table 2018 2017 Current Assets: Cash $ 86,800 $ 64,200 87,000 17,000 69,000 82,000 Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 58,000 14,700 55,600 16,500 i Data Table Transaction Data for 2018: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 46,000 Payment of notes payable 17,000 Payment of cash dividends 69,000 Issuance of notes payable...
Supplements Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 230,000 Cost...
Supplements Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 230,000 Cost of Goods Sold 93,000 Gross Profit 137,000 Operating Expenses: Salaries Expense $ 57,000 Depreciation Expense Plant Assets 28,000 Total Operating Expenses 85,000 Net Income Before Income Taxes 52,000 Income Tax Expense 8,000 $ Net Income 44,000 c. a. Acquisition of plant assets is $118,000. Of this amount, $105,000 is paid in cash and $13,000 by signing a note payable. b. Cash receipt from sale...
Mike's Equipment's accountants assembled the following data for the year ended November 30, 2018. (Click the...
Mike's Equipment's accountants assembled the following data for the year ended November 30, 2018. (Click the icon to view the data.) Prepare Mike's Equipment's statement of cash flows for the year ended November 30, 2018, using the indirect method. The cash balance for Mike's Equipment, Inc., at November 30, 2017, was $15,000. Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) Mike's Equipment, Inc. Statement of Cash Flows Year...
Data Table Accountants for Carlson, Inc. have assembled the following data for the year ended December...
Data Table Accountants for Carlson, Inc. have assembled the following data for the year ended December 31,2018: (Click the icon to view the current accounts.) (Click the lcon to view the transaction data.) Prepare Carlson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities 2018 2017 Current Assets: Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for...
6. River, Inc.'s accountants have assembled the following data for the year ended July 31, 2018:...
6. River, Inc.'s accountants have assembled the following data for the year ended July 31, 2018: Click the icon to view the data.) Prepare River's statement of cash flows using the indirect method for the year ended July 31, 2018. Assume beginning and ending Cash are $11.000 and $78.000 Statement of Cash Flows Year Ended July 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided...
X Data Table November 30, 2018 2017 16,500 $ Current assets: Cash and cash equivalents Accounts...
X Data Table November 30, 2018 2017 16,500 $ Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable 14,100 63,900 13,600 17,000 21,900 60,500 2,800 55,300 $ 57,800 $ 57,000 9,000 37,000 10,100 Х More Info Acquisition of land by issuing note payable Amortization expense Payment of cash dividend Cash purchase of equipment Issuance of long-term note payable to borrow cash Proceeds from sale of long- $ 118,000 term...
2 of 3 (0 complete) X i Data Table O'Malley Office Machines, Inc. sh 2017 December...
2 of 3 (0 complete) X i Data Table O'Malley Office Machines, Inc. sh 2017 December 31 2018 Current assets: fo Cash and cash equivalents... 83,400 $ 21,000 69,100 Accounts receivable 64,700 83,800 79,200 Inventory Current liabilities: $ 58,800 $ 55,700 Accounts payable Income tax payable. 13,900 17,100 Print Done 2 of 3 (0 complete) Data Table Transaction Data for 2018 Net income $57,800 Purchase of treasury stock 14,900 Issuance of common stock for cash 41,000 Loss on sale of...
Data Table Press Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue...
Data Table Press Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 717,000 340,000 377,000 Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense $ 46,000 180,000 Other Operating Expenses Total Operating Expenses 226,000 $ 151,000 Net Income i Data Table Press Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash Accounts Receivable 18,000 $ 56,000 83,000 14,000 49,000 86,000 Merchandise Inventory Long-term Assets: Plant Assets...
The income statement and additional data of Rolling Hals, Inc., follow Click the icon to view...
The income statement and additional data of Rolling Hals, Inc., follow Click the icon to view the income statement.) Click the icon to view the additional data.) Read the regirements Requirement 1. Prepare Rolling Hills's statement of cash flows and accompanying schedule of noncash investing and financing activities Report operating activities using the direct method Start by completing the cash flows from operating activities. The complete the rest of the statement of cash fows and accompanying schedule of noncash investing...
Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2018 in (Click the icon to view the current accounts.) Click the icon to view the transaction data.) Prepare Morston's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in...
i Data Table 2018 2017 Current Assets: Cash $ 86,800 $ 64,200 87,000 17,000 69,000 82,000 Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 58,000 14,700 55,600 16,500 i Data Table Transaction Data for 2018: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 46,000 Payment of notes payable 17,000 Payment of cash dividends 69,000 Issuance of notes payable...
Supplements Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 230,000 Cost of Goods Sold 93,000 Gross Profit 137,000 Operating Expenses: Salaries Expense $ 57,000 Depreciation Expense Plant Assets 28,000 Total Operating Expenses 85,000 Net Income Before Income Taxes 52,000 Income Tax Expense 8,000 $ Net Income 44,000 c. a. Acquisition of plant assets is $118,000. Of this amount, $105,000 is paid in cash and $13,000 by signing a note payable. b. Cash receipt from sale...
Mike's Equipment's accountants assembled the following data for the year ended November 30, 2018. (Click the icon to view the data.) Prepare Mike's Equipment's statement of cash flows for the year ended November 30, 2018, using the indirect method. The cash balance for Mike's Equipment, Inc., at November 30, 2017, was $15,000. Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) Mike's Equipment, Inc. Statement of Cash Flows Year...
Data Table Accountants for Carlson, Inc. have assembled the following data for the year ended December 31,2018: (Click the icon to view the current accounts.) (Click the lcon to view the transaction data.) Prepare Carlson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities 2018 2017 Current Assets: Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for...
6. River, Inc.'s accountants have assembled the following data for the year ended July 31, 2018: Click the icon to view the data.) Prepare River's statement of cash flows using the indirect method for the year ended July 31, 2018. Assume beginning and ending Cash are $11.000 and $78.000 Statement of Cash Flows Year Ended July 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided...
X Data Table November 30, 2018 2017 16,500 $ Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable 14,100 63,900 13,600 17,000 21,900 60,500 2,800 55,300 $ 57,800 $ 57,000 9,000 37,000 10,100 Х More Info Acquisition of land by issuing note payable Amortization expense Payment of cash dividend Cash purchase of equipment Issuance of long-term note payable to borrow cash Proceeds from sale of long- $ 118,000 term...
2 of 3 (0 complete) X i Data Table O'Malley Office Machines, Inc. sh 2017 December 31 2018 Current assets: fo Cash and cash equivalents... 83,400 $ 21,000 69,100 Accounts receivable 64,700 83,800 79,200 Inventory Current liabilities: $ 58,800 $ 55,700 Accounts payable Income tax payable. 13,900 17,100 Print Done 2 of 3 (0 complete) Data Table Transaction Data for 2018 Net income $57,800 Purchase of treasury stock 14,900 Issuance of common stock for cash 41,000 Loss on sale of...
Data Table Press Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 717,000 340,000 377,000 Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense $ 46,000 180,000 Other Operating Expenses Total Operating Expenses 226,000 $ 151,000 Net Income i Data Table Press Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash Accounts Receivable 18,000 $ 56,000 83,000 14,000 49,000 86,000 Merchandise Inventory Long-term Assets: Plant Assets...
The income statement and additional data of Rolling Hals, Inc., follow Click the icon to view the income statement.) Click the icon to view the additional data.) Read the regirements Requirement 1. Prepare Rolling Hills's statement of cash flows and accompanying schedule of noncash investing and financing activities Report operating activities using the direct method Start by completing the cash flows from operating activities. The complete the rest of the statement of cash fows and accompanying schedule of noncash investing...
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