Payment of salaries and wages $36,000 Net income $24,000 Depreciation expense 15,000 Payment of income tax...
| Payment of salaries and wages | $36,000 | Net income | $24,000 | |
| Depreciation expense | 15,000 | Payment of income tax | 10,000 | |
| Payment of interest | 14,000 | Collection of dividend revenue | 5,500 | |
| Payment of dividends | 5,500 | Payment to suppliers | 58,000 | |
| Collections from customers | 115,000 |
The accounting records of Best Parts reveal the following:
Compute cash flows from operating activities using the direct method for the year ended December 31, 2018
(Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.)
| Best Parts |
|
Statement of Cash Flows (Partial) |
|
Year Ended December 31, 2018 |
|
Cash Flows from Operating Activities: |
|
Receipts: |
|
Total Cash Receipts |
|
Payments: |
|
Total Cash Payments |
|
Net Cash Provided by (Used for) Operating Activities |
Homework Answers
| Best parts | |
| CFS | |
| Cash flow from OA: | |
| Receipts: | |
| Collection from customers | 115000 |
| Collection of dividend revenue | 5500 |
| Total Cash receipts | 120500 |
| Payments: | |
| Payment of salaries and wages | 36000 |
| Payment of interest | 14000 |
| Payment of dividends | 5500 |
| Payment of IT | 10000 |
| Payment to suppliers | 58000 |
| Total Cash payments | 123500 |
| Net cash used by OA | -3000 |
Add Answer to:
Payment of salaries and wages
$36,000
Net income
$24,000
Depreciation expense
15,000
Payment
of income tax...
All info is included. thank you! 0 Data Table $ $ Payment of salaries and wages...
All info is included. thank you!
0 Data Table $ $ Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers 30,000 13,000 15,000 6,500 117,000 Net income Payment of income tax Collection of dividend revenue Payment to suppliers 20,000 17,000 6,500 58,000 Print Done The accounting records of Lucky Dice Parts reveal the following BEE (Click the icon to view the accounting records.) Compute cash flows from operating activities using the direct method...
rtial) D18 i Data Table $ $ 38,000 13,000 Payment of salaries and wages Depreciation expense...
rtial) D18 i Data Table $ $ 38,000 13,000 Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers Net income Payment of income tax Collection of dividend revenue Payment to suppliers 24,000 14,000 6,500 16,000 6,500 118,000 53,000 Print Done fields and then continue to the next question. The nocourting records of Lucky Vice Parts reveal the long Cick the loon to view the accounting records) Sam o r parentheses for our Come...
$ Payments to suppliers Cash payment for purchase of equipment Payments to employees Payment of notes...
$ Payments to suppliers Cash payment for purchase of equipment Payments to employees Payment of notes payable Payment of dividends Cash receipt from issuance of stock Collections from customers Cash receipt from sale of land 115,000 39,000 66,000 34,000 7,500 22,000 188,000 58,000 Cash balance, June 30, 2017 41,000 Amy's Learning Center Statement of Cash Flows (Partial) Year Ended June 30, 2018 Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: Total Cash Payments Net Cash Provided by (Used...
$ 43,000 6,000 Income Statement: Net Income Depreciation Expense Balance Sheet: Increase in Accounts Receivable Decrease...
$ 43,000 6,000 Income Statement: Net Income Depreciation Expense Balance Sheet: Increase in Accounts Receivable Decrease in Accounts Payable 6,000 2,000 Compute DVR's net cash provided by operating activities-indirect method. Complete the partial Statement of Cash Flows. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) DVR Equipment, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash...
The records of Muted Color Engraving reveal the following: (Click the icon to view the records.)...
The records of Muted Color Engraving reveal the following: (Click the icon to view the records.) Compute cash flows from operating activities by the Indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box emply do not select a label or enter a zero.) i Data...
The records of Contemporary Color Engraving reveal the following Net income Sales revenue Loss on sale...
The records of Contemporary Color Engraving reveal the following Net income Sales revenue Loss on sale of land Acquisition of land Compute cash flows from operating activities by the indirect method for year ended December 31, 2016. (Use parentheses or a mi $ 7,000 21,000 6,000 S 32,000 Depreciation expense 52,000 Decrease in current liabilities 4,000 Increase in current assets other than cash 35,000 activities If a box is not used in the table, leave the box empty, do not...
The income statement and additional data of Rolling Hills Corporation follow: Prepare Rolling Hills Corporation's statement...
The income statement and additional data of Rolling Hills
Corporation follow:
Prepare Rolling Hills Corporation's statement of cash flows for
the year ended June 30, 2018. Use the direct method.
The income statement and additional data of Rolling Hills Corporation follow: 囲(Click the icon to view the Income Statement.) 0 (Click the icon to view the additional data) Prepare Rolling Hills Corporation's statement of cash flows for the year ended June 30, 2018. Use the direct method. (Use parentheses or...
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...
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...
Hopefully a better photo Main Street Homes had the folowing cash for the month ansted March...
Hopefully a better photo
Main Street Homes had the folowing cash for the month ansted March 31, 2018 Click the icon to view the cash yasadions) Prepare the start of cash flows for Main Street Homes for the month March 31 2018 Complete the watermelon section at a time, beginning with the heading and cash fows from operating activa box is not in the above the box omply do not selecta label minus sign or parentes for amounts that result...
All info is included. thank you!
0 Data Table $ $ Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers 30,000 13,000 15,000 6,500 117,000 Net income Payment of income tax Collection of dividend revenue Payment to suppliers 20,000 17,000 6,500 58,000 Print Done The accounting records of Lucky Dice Parts reveal the following BEE (Click the icon to view the accounting records.) Compute cash flows from operating activities using the direct method...
rtial) D18 i Data Table $ $ 38,000 13,000 Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers Net income Payment of income tax Collection of dividend revenue Payment to suppliers 24,000 14,000 6,500 16,000 6,500 118,000 53,000 Print Done fields and then continue to the next question. The nocourting records of Lucky Vice Parts reveal the long Cick the loon to view the accounting records) Sam o r parentheses for our Come...
$ Payments to suppliers Cash payment for purchase of equipment Payments to employees Payment of notes payable Payment of dividends Cash receipt from issuance of stock Collections from customers Cash receipt from sale of land 115,000 39,000 66,000 34,000 7,500 22,000 188,000 58,000 Cash balance, June 30, 2017 41,000 Amy's Learning Center Statement of Cash Flows (Partial) Year Ended June 30, 2018 Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: Total Cash Payments Net Cash Provided by (Used...
$ 43,000 6,000 Income Statement: Net Income Depreciation Expense Balance Sheet: Increase in Accounts Receivable Decrease in Accounts Payable 6,000 2,000 Compute DVR's net cash provided by operating activities-indirect method. Complete the partial Statement of Cash Flows. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) DVR Equipment, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash...
The records of Muted Color Engraving reveal the following: (Click the icon to view the records.) Compute cash flows from operating activities by the Indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box emply do not select a label or enter a zero.) i Data...
The records of Contemporary Color Engraving reveal the following Net income Sales revenue Loss on sale of land Acquisition of land Compute cash flows from operating activities by the indirect method for year ended December 31, 2016. (Use parentheses or a mi $ 7,000 21,000 6,000 S 32,000 Depreciation expense 52,000 Decrease in current liabilities 4,000 Increase in current assets other than cash 35,000 activities If a box is not used in the table, leave the box empty, do not...
The income statement and additional data of Rolling Hills
Corporation follow:
Prepare Rolling Hills Corporation's statement of cash flows for
the year ended June 30, 2018. Use the direct method.
The income statement and additional data of Rolling Hills Corporation follow: 囲(Click the icon to view the Income Statement.) 0 (Click the icon to view the additional data) Prepare Rolling Hills Corporation's statement of cash flows for the year ended June 30, 2018. Use the direct method. (Use parentheses or...
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...
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...
Hopefully a better photo
Main Street Homes had the folowing cash for the month ansted March 31, 2018 Click the icon to view the cash yasadions) Prepare the start of cash flows for Main Street Homes for the month March 31 2018 Complete the watermelon section at a time, beginning with the heading and cash fows from operating activa box is not in the above the box omply do not selecta label minus sign or parentes for amounts that result...
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