Homework Answers
There is an outflow (o) of $500............(five hundred).
working:
| cash inflow from sale of investment ($10,000+2500 gain) | 12,500 |
| cash outflow from purchase of equipment (100,000-87,000) | (13,000) |
| net cash flow (outflow) | (500) |
so we are having a net outflow of $500 .
was it a inflow(i) or outflow (O)?
Outflow
O
| 500 (money) |
| Five hundred (letters) |
Add Answer to:
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory...
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory...
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals 2004 $55,500 64,500 98,700 800 5,000 100,000 (32,000 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Investments Equipment Accum. Depreciation Totals 5,000 100,000 (32,000) 292,500 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained...
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory...
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals 2004 $55,500 64,500 98,700 800 5,000 100,000 (32,000) 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Here is come additional information: Here is some additional information: 1. The net income was $20,000 which included a gain...
what was the net cash flow from operating activities? The following data is from the comparative...
what was the net cash flow from operating activities?
The following data is from the comparative balance sheets of Wilson Company: 2004 Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals $55,500 64,500 98,700 800 5,000 100,000 (32,000) 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Here is some additional information Investments Equipment Accum. Depreciation Totals 5,000...
Sheridan Company Comparative Balance Sheets December 31 Assets 2019 Cash $93,000 Accounts receivable 89,800 Inventory 120,000...
Sheridan Company Comparative Balance Sheets December 31 Assets 2019 Cash $93,000 Accounts receivable 89,800 Inventory 120,000 Investments 84,600 Equipment 249,000 Accumulated depreciation-equipment (49,600) $586,800 Liabilities and Stockholders' Equity Accounts payable $58,000 Accrued expenses payable 11,800 Bonds payable 103,000 Common stock 251,000 Retained earnings 163,000 $586,800 2018 $47,500 57,900 101,000 86,900 205,000 (40,100) $458,200 $ 48,800 17,800 69,700 193,000 128,900 $458,200 Sheridan Company Income Statement For the Year Ended December 31, 2019 Sales revenue Gain on disposal of equipment $299,000 8,270...
MARZANO COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 63,000 Accounts receivable 88,000 Inventory...
MARZANO COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 63,000 Accounts receivable 88,000 Inventory 167,000 Land 80,000 Equipment 265,000 Accumulated depreciation-equipment (66,000) Total $597,000 Change 40,000 12.000 O, I or F Step #3 0 2016 $22,000 76,000 189,000 100,000 200,000 (32,000) $555,000 122,000) o (20, 000) I 65.000 I 34,000 0 0 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $34,000 150,000 221,000 192,000 $597,000 $43,000 (9000) 200,000 (50,000) 174,000 (47,...
Statement of Cash Flows (Direct Method) The Dairy Company's income statement and comparative balance sheets as...
Statement of Cash Flows (Direct Method) The Dairy Company's income statement and comparative balance sheets as of December 31 of 2016 and 2015 follow: DAIRY COMPANY Income Statement For the Year Ended December 31, 2016 Sales Revenue $700,000 Cost of Goods Sold $460,000 Wages and Other Operating Expenses 95,000 Depreciation Expense 22,000 Patent Amortization Expense 7,000 Interest Expense 10,000 Income Tax Expense 36,000 Loss on Bond Retirement 5,000 635,000 Net Income 65,000 DAIRY COMPANY Balance Sheets Dec. 31, 2016 Dec....
Vero Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2020 $63,000 85,000 170,000 75,000...
Vero Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2020 $63,000 85,000 170,000 75,000 270,000 2019 $ 22,000 76,000 189,000 100,000 200,000 Inventory Land Equipment Accumulated depreciation-equipment Total $597,000 $555,000 Liabilities and Stockholders' Equity Accounts payable $ 39,000 $ 47,000 Bonds payable Common stock ($1 par) 150,000 216,000 192.000 200,000 174,000 134.000 Retained earnings Total $597,000 $555,000 Additional information: 1. Net income for 2020 was $93.000. 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable...
The comparative balance sheets for Hinckley Corporation show the following information. Cash Accounts receivable Inventory Investments...
The comparative balance sheets for Hinckley Corporation show the following information. Cash Accounts receivable Inventory Investments Buildings Equipment Patents December 31 2014 2013 $39,610 $14,200 18,460 11,900 17,110 9,750 -0 3,760 -O- 30,380 51,050 22,500 5,440 $131,670 $99,160 6,670 Allowance for doubtful accounts Accumulated depreciation equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $3,170 2,410 -0- 5,440 -0- 2,940 32,860 43,230 41,620 $131,670 $5,290 5,220 6,480 3,760 4,030 3,950 25,850...
Question text Cash The comparative balance sheets for Drexler Company appear below: DREXLER COMPANY Comparative Balance...
Question text Cash The comparative balance sheets for Drexler Company appear below: DREXLER COMPANY Comparative Balance Sheet Dec. 31, 2019 Dec. 31, 2018 Assets $ 28,000 $13,000 Accounts receivable 18,000 14,000 Prepaid expenses 7,000 9,000 Inventory 25,000 15,000 Long-term investments -0- 18,000 Equipment 60,000 30,000 Accumulated depreciation-equipment (18.000 (14,000 Total assets $120,000 $85.000 Liabilities and Stockholders' Equity Accounts payable $ 25,000 $ 7,000 Bonds payable 37,000 45,000 Common stock 40,000 23,000 Retained earnings 18,000 10,000 Total liabilities and stockholders' equity...
Ivanhoe Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment...
Ivanhoe Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity $ 156,536 202,576 384,434 184,160 598,520 (151,932) $1,374,294 $ 50,644 174,952 435,078 230,200 460,400 (73,664) $1,277,610 Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 89,778 345,300 497,232 441,984 $1,374,294 $ 98,986 460,400 400,548 317,676 $1,277,610 Additional information: 1. Net income for 2017 was $214,086. 2. Depreciation expense was $78,268. 3. Cash dividends...
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals 2004 $55,500 64,500 98,700 800 5,000 100,000 (32,000 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Investments Equipment Accum. Depreciation Totals 5,000 100,000 (32,000) 292,500 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained...
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals 2004 $55,500 64,500 98,700 800 5,000 100,000 (32,000) 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Here is come additional information: Here is some additional information: 1. The net income was $20,000 which included a gain...
what was the net cash flow from operating activities?
The following data is from the comparative balance sheets of Wilson Company: 2004 Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals $55,500 64,500 98,700 800 5,000 100,000 (32,000) 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Here is some additional information Investments Equipment Accum. Depreciation Totals 5,000...
Sheridan Company Comparative Balance Sheets December 31 Assets 2019 Cash $93,000 Accounts receivable 89,800 Inventory 120,000 Investments 84,600 Equipment 249,000 Accumulated depreciation-equipment (49,600) $586,800 Liabilities and Stockholders' Equity Accounts payable $58,000 Accrued expenses payable 11,800 Bonds payable 103,000 Common stock 251,000 Retained earnings 163,000 $586,800 2018 $47,500 57,900 101,000 86,900 205,000 (40,100) $458,200 $ 48,800 17,800 69,700 193,000 128,900 $458,200 Sheridan Company Income Statement For the Year Ended December 31, 2019 Sales revenue Gain on disposal of equipment $299,000 8,270...
MARZANO COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 63,000 Accounts receivable 88,000 Inventory 167,000 Land 80,000 Equipment 265,000 Accumulated depreciation-equipment (66,000) Total $597,000 Change 40,000 12.000 O, I or F Step #3 0 2016 $22,000 76,000 189,000 100,000 200,000 (32,000) $555,000 122,000) o (20, 000) I 65.000 I 34,000 0 0 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $34,000 150,000 221,000 192,000 $597,000 $43,000 (9000) 200,000 (50,000) 174,000 (47,...
Statement of Cash Flows (Direct Method) The Dairy Company's income statement and comparative balance sheets as of December 31 of 2016 and 2015 follow: DAIRY COMPANY Income Statement For the Year Ended December 31, 2016 Sales Revenue $700,000 Cost of Goods Sold $460,000 Wages and Other Operating Expenses 95,000 Depreciation Expense 22,000 Patent Amortization Expense 7,000 Interest Expense 10,000 Income Tax Expense 36,000 Loss on Bond Retirement 5,000 635,000 Net Income 65,000 DAIRY COMPANY Balance Sheets Dec. 31, 2016 Dec....
Vero Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2020 $63,000 85,000 170,000 75,000 270,000 2019 $ 22,000 76,000 189,000 100,000 200,000 Inventory Land Equipment Accumulated depreciation-equipment Total $597,000 $555,000 Liabilities and Stockholders' Equity Accounts payable $ 39,000 $ 47,000 Bonds payable Common stock ($1 par) 150,000 216,000 192.000 200,000 174,000 134.000 Retained earnings Total $597,000 $555,000 Additional information: 1. Net income for 2020 was $93.000. 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable...
The comparative balance sheets for Hinckley Corporation show the following information. Cash Accounts receivable Inventory Investments Buildings Equipment Patents December 31 2014 2013 $39,610 $14,200 18,460 11,900 17,110 9,750 -0 3,760 -O- 30,380 51,050 22,500 5,440 $131,670 $99,160 6,670 Allowance for doubtful accounts Accumulated depreciation equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $3,170 2,410 -0- 5,440 -0- 2,940 32,860 43,230 41,620 $131,670 $5,290 5,220 6,480 3,760 4,030 3,950 25,850...
Question text Cash The comparative balance sheets for Drexler Company appear below: DREXLER COMPANY Comparative Balance Sheet Dec. 31, 2019 Dec. 31, 2018 Assets $ 28,000 $13,000 Accounts receivable 18,000 14,000 Prepaid expenses 7,000 9,000 Inventory 25,000 15,000 Long-term investments -0- 18,000 Equipment 60,000 30,000 Accumulated depreciation-equipment (18.000 (14,000 Total assets $120,000 $85.000 Liabilities and Stockholders' Equity Accounts payable $ 25,000 $ 7,000 Bonds payable 37,000 45,000 Common stock 40,000 23,000 Retained earnings 18,000 10,000 Total liabilities and stockholders' equity...
Ivanhoe Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity $ 156,536 202,576 384,434 184,160 598,520 (151,932) $1,374,294 $ 50,644 174,952 435,078 230,200 460,400 (73,664) $1,277,610 Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 89,778 345,300 497,232 441,984 $1,374,294 $ 98,986 460,400 400,548 317,676 $1,277,610 Additional information: 1. Net income for 2017 was $214,086. 2. Depreciation expense was $78,268. 3. Cash dividends...
Most questions answered within 3 hours.
-
Show the rearrangements of the carbon skeleton in the following
carbocations. Note that in some cases...
asked 26 minutes ago -
Use a z -Table to find the specified area.
Between the mean and 3.01 deviations from...
asked 43 minutes ago -
Consider the following reaction at equilibrium. What will happen
if O2 is added to the reaction?...
asked 1 hour ago -
Based on how much or how little you have noticed in the media,
do you think...
asked 4 hours ago -
I calculate Rosetta Stone’s P/E ratio as 10x prior to a report
about future industry growth....
asked 5 hours ago -
What major physiological changes account for electrodermal
activity (as in during a lie-detector test)?
asked 6 hours ago -
You are going to sell fruits & vegetables at a local
roadside market. List separately and...
asked 7 hours ago -
Hows does water affect the digestion of fats ?
asked 9 hours ago -
A buffer that contains 0.41 M of a base, B and 0.21 M of its
conjugate...
asked 9 hours ago -
Pleaaaaaaaasssssse help me please please it's more important
:((((((((((((((((((((
CASE STUDY
Nissan Company
Nissan Motor Company,...
asked 9 hours ago -
Calculate the concentration of hydronium and hyroxide ions in 1)
2.0 mol/L HNO3 2) 0.5 mol/L...
asked 9 hours ago -
In a loop-the-loop ride a car goes around a vertical, circular
loop at a constant speed....
asked 9 hours ago