Homework Answers
| Cash flow from operating activities | ||
| Net income | 31000 | |
| Adjustments to reconcile net income to Cash basis | ||
| Depreciation expense (20000-13000) | 7000 | |
| Loss on sale of land | 3300 | |
| Decrease account receivable | 9000 | |
| Increase inventory | -46000 | |
| Decrease prepaid insurance | 2000 | |
| Decrease account payable | -8000 | |
| Increase wages payable | 2000 | |
| Increase interest payable | 1000 | |
| Increase income tax payable | 2000 | -27700 |
| Net cash flow from operating activities | 3300 |
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The comparative balance sheet for Desmond Isle Travel Services, Inc., for December 31, 2017 and 2016,...
the comparative balance sheet for Fair Isle travel services inc for december 31, 2017 and 2016...
the
comparative balance sheet for Fair Isle travel services inc for
december 31, 2017 and 2016 is as follows
Fair isle services inc uses the indirect method for preparing
the statement of cash flows. prepare the operation section of the
statement of cash flow for 2017
Score: 0 of 4 pts 3 of 5 (3 complete) HW Score: 42.80 E13-12A (similar to) The comparative balance sheet for Fair Isle Travel Services, Inc. for December 31, 2017 and 2016, is as...
The comparative balance sheet for Fair Isle Travel Services, Inc., for December 31, 2017 and 2016,...
The comparative balance sheet for Fair Isle Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Fair Isle Travel Services, Inc.: (Click the icon to view the transaction data) Prepare the statement of cash flows (indirect method) for Fair Isle Travel Services, Inc., for 2017 Prepare the statement one section at a time. (Use parentheses or a minus sign...
The comparative balance sheet for Fair Isle Travel Services, Inc., for December 31, 2017 and 2016...
The comparative balance sheet for Fair Isle Travel Services,
Inc., for December 31, 2017 and 2016
The following information is taken from the records of Fair Isle
Travel Services, Inc.:
Assets 2017 2016 $ Current assets: Cash Accounts receivable Inventory Prepaid insurance Total current assets 40,000 $ 19,000 82,000 84,000 59,000 16,000 10,000 14,000 191,000 $ 133,000 $ Land Equipment Less: Accumulated depreciation $ 100,000 $ 115,000 77,000 61,000 (16,000) (10,000) $ 352,000 $ 299,000 Total assets We were unable...
The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2017 and 2016, is...
The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: E(Click the icon to view the comparative balance sheet.) The following information is taken from the records of Mosaic Travel Services, Inc. (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Mosaic Travel Services, Inc., for 2017 Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to...
The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is...
The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Majestic Travel Services, Inc. (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Majestic Travel Services, Inc., for 2017 Increase in wages payable Increase in interest payable 15,000 1,000 2,000 (10,400) Increase in income taxes payable...
The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is...
The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (dlick the icon to view the comparative balance sheet.) The following information is taken from the records of Majestic Travel Services, Inc. (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Majestic Travel Services, Inc., for 2017 Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to...
please help Majestic Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017...
please help
Majestic Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 $ Current assets: Cash Accounts receivable Inventory Prepaid insurance Total current assets 45,000 $ 79.000 58.000 9,000 13,000 82.000 21.000 10,000 $ 191,000 $ 126,000 Print Print | Done Done C HCEL Land Equipment $ 109,000 $ 118,000 78,000 57.000 (22,000) (16,000) $ 356,000 $ 285,000 Etiv Less: Accumulated depreciation cer Total assets Liabilities Current liabilities Accounts payable Wages payable Interest payable $...
The comparative balance sheet for SeawaySeaway Travel Services, Inc., for December 31, 2017 and 2016 is...
The comparative balance sheet for SeawaySeaway Travel Services, Inc., for December 31, 2017 and 2016 is as follows: Seaway Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: Cash $45,000 $19,000 Accounts receivable 78,000 82,000 Inventory 63,000 22,000 Prepaid insurance 9,000 10,000 Total current assets $195,000 $133,000 Land $110,000 $115,000 Equipment 78,000 61,000 Less: Accumulated depreciation (14,000) (9,000) Total assets $369,000 $300,000 Liabilities Current liabilities: Accounts payable $23,000 $35,000 Wages payable 34,000 25,000...
% E13-13A (similar to) The comparative balance sheet for Journey Travel Services, Inc., for December 31,...
% E13-13A (similar to) The comparative balance sheet for Journey Travel Services, Inc., for December 31, 2017 and 2016, is as follows: Click the icon to view the comparative balance sheet.) The following information is taken from the records of Journey Travel Services, Inc.: (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Journey Travel Services, Inc., for 2017. Prepare the statement one section at a time. (Use parentheses or a minus...
Prepare the statement of cash flows (indirect metbod) for fair isle travel services inc for 2017...
Prepare the statement of cash flows (indirect metbod) for fair isle
travel services inc for 2017
on 2 (Chapter 13) Homework HW Score: 1.88 3 of 5 (1 complete) ar Isle Travel Services, Inc., for December 31, 2017 and 2016, is as follows: ative balance sheet.) in the records of Fair Isle Travel Services, Inc. stion data.) he indirect method for preparing the statement of cash flows. Prepare the operating section of the statement of c ign for numbers to...
the
comparative balance sheet for Fair Isle travel services inc for
december 31, 2017 and 2016 is as follows
Fair isle services inc uses the indirect method for preparing
the statement of cash flows. prepare the operation section of the
statement of cash flow for 2017
Score: 0 of 4 pts 3 of 5 (3 complete) HW Score: 42.80 E13-12A (similar to) The comparative balance sheet for Fair Isle Travel Services, Inc. for December 31, 2017 and 2016, is as...
The comparative balance sheet for Fair Isle Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Fair Isle Travel Services, Inc.: (Click the icon to view the transaction data) Prepare the statement of cash flows (indirect method) for Fair Isle Travel Services, Inc., for 2017 Prepare the statement one section at a time. (Use parentheses or a minus sign...
The comparative balance sheet for Fair Isle Travel Services,
Inc., for December 31, 2017 and 2016
The following information is taken from the records of Fair Isle
Travel Services, Inc.:
Assets 2017 2016 $ Current assets: Cash Accounts receivable Inventory Prepaid insurance Total current assets 40,000 $ 19,000 82,000 84,000 59,000 16,000 10,000 14,000 191,000 $ 133,000 $ Land Equipment Less: Accumulated depreciation $ 100,000 $ 115,000 77,000 61,000 (16,000) (10,000) $ 352,000 $ 299,000 Total assets We were unable...
The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: E(Click the icon to view the comparative balance sheet.) The following information is taken from the records of Mosaic Travel Services, Inc. (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Mosaic Travel Services, Inc., for 2017 Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to...
The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Majestic Travel Services, Inc. (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Majestic Travel Services, Inc., for 2017 Increase in wages payable Increase in interest payable 15,000 1,000 2,000 (10,400) Increase in income taxes payable...
The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (dlick the icon to view the comparative balance sheet.) The following information is taken from the records of Majestic Travel Services, Inc. (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Majestic Travel Services, Inc., for 2017 Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to...
please help
Majestic Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 $ Current assets: Cash Accounts receivable Inventory Prepaid insurance Total current assets 45,000 $ 79.000 58.000 9,000 13,000 82.000 21.000 10,000 $ 191,000 $ 126,000 Print Print | Done Done C HCEL Land Equipment $ 109,000 $ 118,000 78,000 57.000 (22,000) (16,000) $ 356,000 $ 285,000 Etiv Less: Accumulated depreciation cer Total assets Liabilities Current liabilities Accounts payable Wages payable Interest payable $...
% E13-13A (similar to) The comparative balance sheet for Journey Travel Services, Inc., for December 31, 2017 and 2016, is as follows: Click the icon to view the comparative balance sheet.) The following information is taken from the records of Journey Travel Services, Inc.: (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Journey Travel Services, Inc., for 2017. Prepare the statement one section at a time. (Use parentheses or a minus...
Prepare the statement of cash flows (indirect metbod) for fair isle
travel services inc for 2017
on 2 (Chapter 13) Homework HW Score: 1.88 3 of 5 (1 complete) ar Isle Travel Services, Inc., for December 31, 2017 and 2016, is as follows: ative balance sheet.) in the records of Fair Isle Travel Services, Inc. stion data.) he indirect method for preparing the statement of cash flows. Prepare the operating section of the statement of c ign for numbers to...
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