How the information is reported on a statement of cash flows

Assignment Help Financial Accounting
Reference no: EM13712250

Chart and Summary of how the solution is gotten for the problem required E12-6:

The three accounts shown below and on page 626 appear in the general ledger of Cesar Corp. during 2007. Equipment Date Debit Credit Balance Jan.

1 Balance 160,000 July 31 Purchase of equipment 70,000 230,000 Sept.

2 Cost of equipment constructed 53,000 283,000 Nov.

10 Cost of equipment sold 49,000 234,000 Accumulated Depreciation- Equipment Date Debit Credit Balance Jan. 1 Balance 71,000 Nov. 10 Accumulated depreciation on equipment sold 30,000 41,000 Dec.

31 Depreciation for year 28,000 69,000 Retained Earnings Date Debit Credit Balance Jan. 1 Balance 105,000 Aug. 23 Dividends (cash) 14,000 91,000 Dec.

31 Net income 67,000 158,000 Instructions From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method.

The loss on sale of equipment was $5,000. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $53,000.)

Reference no: EM13712250

Calculate value of stock and what is expected price of stock

What is the expected price of Stock C four years from now if growth (g) is 6%, and the investors are requiring 11%, (the required rate of return - Calculate the dividend for

Explain how new product fits with the swot analysis

Define what a swot analysis is -if you get the definition from a journal article and try and find a source that supports your Explanation of how and why a swot is useful/valu

Prepare an adjusted trial balance to verify debits

Calculate with the formulas that are present. If your trial balance is not in balance, you must go back and check your postings to the ledger and the posting of ledger bala

Create a new policy of pay structure

Create a new policy of pay structure for each type of employee based on your research -  Conduct research to locate alternative methods of pay structure for Big Ed''s. Prepar

Analyze the chipmunk companys ratios

Analyze the Chipmunk Company's ratios for both years and compare the figures with the given industry ratios -  Calculate the 2008 and 2007 liquidity and equity ratios identifi

Journal entry for the redemption of the bonds

Prepare the appropriate journal entry for the redemption of the bonds - The bonds pay annual interest, and the interest payment due on June 30, 2007, has been made and recorde

Prepare the journal entries for barnes and noble

Prepare the journal entries for Barnes and Noble for the transactions and calculate the gross profit for Barnes and Noble - Calculate ending inventory, cost of merchandise sol

Prepare the statements in accordance to requirements

Discuss whether the non-disclosure of information about operations in Pakistan and Nigeria would be material and prepare and analyse the statements in accordance to the requir

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd