Create a Cashflow statement using the following below: &
Create a Cashflow statement using the following below:
Jan-Feb
Net Income 57000
Depreciation 20000
Purchased fixed assets paying cash 310000
Received $90,000 cash for issuance of notes payable 90000
Received $120,000 cash for issuance of common stock 120000
Paid $20,000 for purchase of treasury stock 20000
Ending cash balance 50000
Class Start Date Jan-Feb
Assets 2017 2016
Current assets:
Cash 50000 20000
Accounts receivable 75000 85000
Inventory 100000 80000
Long-term assets
Plant assets 430000 120000
Accumulated depreciation 12000 9000
Total Assets 667000 314000
Liabilities
Current liabilities
Accounts payable 32000 20000
Accrued liabilities 86000 15000
Long-term liabilities
Notes payable 90000 0
Total liabilities 208000 35000
Stockholders equity
Common stock 220000 100000
Retained earnings 219000 179000
Treasury stock 20000 0
Total stockholders equity 459000 279000
Total stockholders equity and liabilities667000 314000
Homework Answers
| Cashflow staement For Yearended | Currency in $ | ||
| A. | Cash flows from Operating Activities | ||
| PBT | 57000 | ||
| Add: | |||
| Depreciation(given) | 20000 | ||
| Cash flows from Operating Activities before WC Changes | 77000 | ||
| Add: Decrease In Current Assets | |||
| Receiavbles(85000-75000) | 10000 | ||
| Less: Increase in Current Assets | |||
| Inventory (100000-80000) | -20000 | ||
| Add: Increase In Current Liabilities | |||
| Account Payables (32000-20000) | 12000 | ||
| Accrued Liabilities(86000-15000) | 71000 | ||
| Less : Decrease in Current Liabilities | |||
| Cash flows from Operating Activities | 150000 | ||
| B. | Cash Flows from Investing Activities | ||
| Purchase of PPE (given) | -310000 | ||
| -310000 | |||
| C. | Cash Flows from Financing Activities | ||
| Notes payable raised(given) | 90000 | ||
| Capital Issued(given) | 120000 | ||
| Treasury stock purchased(given) | -20000 | ||
| 190000 | |||
| Add | Opening Cash Balance | 20000 | |
| Closing Cash Balance | 50000 |
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can someone show me how to create a cash flow statement with this please Create a...
can someone show me how to create a cash flow statement with this please Create a Cashflow statement using the following below: Jan-Feb Net Income 57000 Depreciation 20000 Purchased fixed assets paying cash 310000 Received $90,000 cash for issuance of notes payable 90000 Received $120,000 cash for issuance of common stock 120000 Paid $20,000 for purchase of treasury stock 20000 Ending cash balance 50000 Class Start Date Jan-Feb Assets 2017 2016 Current assets: Cash 50000 20000 Accounts receivable 75000 85000 Inventory 100000 80000 Long-term assets Plant assets 430000 120000 Accumulated depreciation 12000 9000 Total Assets 667000 314000 Liabilities Current liabilities ...
Is "Purchased fixed Assets paying cash" another way of saying "Account Receivable"? Net Income 57000 Depreciation...
Is "Purchased fixed Assets paying cash" another way of saying "Account Receivable"? Net Income 57000 Depreciation 20000 Accounts Receivable 310000 Received $90,000 cash for issuance of notes payable 90000 Received $120,000 cash for issuance of common stock 120000 Paid $20,000 for purchase of treasury stock 20000 Ending cash balance 50000
i need help on my retained earnings and income statement. i have a income tax rate...
i need help on my retained earnings and income statement. i
have a income tax rate of 20% and my RE ending has to be 361,000.
not sure what i am missing on my income statement
here are some updated pictures
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Create an Income Statement with this data: There is a 20% tax rate. CR DR 10000...
Create an Income Statement with this data:
There is a 20% tax rate.
CR DR 10000 15000 12000 25000 24000 12000 50000 100000 50000 120000 ооооо 200000 250000 50000 3000.00 750.00 25000 30XXXD 10000 15000 6000D 1000DD Cash Accounts Receivable Short-Term Marketable Securities Irwentory Prepaid Rent Prepaid Insurance Long-Term Marketable Securities Land Held for Future Use Debt Service Fund Land in Use Buildings Accumulated Depreciation - Buildings Machinery and Equipment Accumulated Depreciation - Mach and Equip Copper Mine Accumulated Depletion...
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Sun Corporation received a charter that authorized the issuance of 116,000 shares of $5 par common...
Sun Corporation received a charter that authorized the issuance
of 116,000 shares of $5 par common stock and 21,000 shares of $100
par, 5 percent cumulative preferred stock. Sun Corporation
completed the following transactions during its first two years of
operation:
2018
Jan.
5
Sold 17,400 shares of the $5 par common stock for $7 per
share.
12
Sold 2,100 shares of the 5 percent preferred stock for $110 per
share.
Apr.
5
Sold 23,200 shares of the $5 par...
(The following information applies to the questions displayed below) Kohler Corporation reports the following components of...
(The following information applies to the questions displayed below) Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$10 par value. 100,000 shares authorized. 40.000 shares issued and outstanding Paid in capital in excess of par value.common stock Retained earnings Total stockholders' equity $ 400,000 60.000 270.000 $ 730,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1Purchased 4,000 shares of its own stock at $20 cash per share Jan 5...
Sava ment 0 Required information [The following information applies to the questions displayed below) Kohler Corporation...
Sava ment 0 Required information [The following information applies to the questions displayed below) Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$25 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $1,375,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 430,000 Total stockholders' equity $1,885,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $20 cash...
i need help on my retained earnings and income statement. i
have a income tax rate of 20% and my RE ending has to be 361,000.
not sure what i am missing on my income statement
here are some updated pictures
We were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this image17000 75000 25000 117000 50000 150000 400000 Liabilities and Shareholders' Equity Current Liabilities: Accounts Payable Income Tax Payable t Payable Current...
Create an Income Statement with this data:
There is a 20% tax rate.
CR DR 10000 15000 12000 25000 24000 12000 50000 100000 50000 120000 ооооо 200000 250000 50000 3000.00 750.00 25000 30XXXD 10000 15000 6000D 1000DD Cash Accounts Receivable Short-Term Marketable Securities Irwentory Prepaid Rent Prepaid Insurance Long-Term Marketable Securities Land Held for Future Use Debt Service Fund Land in Use Buildings Accumulated Depreciation - Buildings Machinery and Equipment Accumulated Depreciation - Mach and Equip Copper Mine Accumulated Depletion...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Castle Corporation on January 1, 2020, were as follows. Preferred stock (8%, $50 par, 10,000 shares authorized) Common Stock ($1 stated value, 2,000,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $ 400,000 1,000,000 100,000 1,450,000 1,816,000 50,000 During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1...
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 [The following information applies to the questions displayed below.] Kohler Corporation reports the following components of stockholders' equity on December 31, 2015: Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 500,000 80,000 430,000 Total stockholders' equity $1,010,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan....
Sun Corporation received a charter that authorized the issuance
of 116,000 shares of $5 par common stock and 21,000 shares of $100
par, 5 percent cumulative preferred stock. Sun Corporation
completed the following transactions during its first two years of
operation:
2018
Jan.
5
Sold 17,400 shares of the $5 par common stock for $7 per
share.
12
Sold 2,100 shares of the 5 percent preferred stock for $110 per
share.
Apr.
5
Sold 23,200 shares of the $5 par...
(The following information applies to the questions displayed below) Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$10 par value. 100,000 shares authorized. 40.000 shares issued and outstanding Paid in capital in excess of par value.common stock Retained earnings Total stockholders' equity $ 400,000 60.000 270.000 $ 730,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1Purchased 4,000 shares of its own stock at $20 cash per share Jan 5...
Sava ment 0 Required information [The following information applies to the questions displayed below) Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$25 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $1,375,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 430,000 Total stockholders' equity $1,885,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $20 cash...
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