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(a) Purpose a Statement of Cash Flows for Arte's Gallery for the year ended 30th June 2012 using the preformed provided. Show all calculations.
(b) Below is the summarized Statements Cash Flow for two other sole traders. Comment on which one has a healthier cash flow situation and justifies your answer by explaining the importance of each of the three kinds of cash flows for each business:
Bill's Ben's
Cash flow from Operating Activities 12 000 6 000
Cash flow from Investing Activities (18 000) 8 000
Cash flow from Financing Activities 4 000 (12 000)
Net increase / (decrease) in cash held (2 000) 2 000
Cash at the starting of the year 5 000 5 000
Cash at the end of the year 3 000 7 000
q1. on january 1 of the existing year palm corporation purchases the net assets of vickis unincorporated business for
illustrate what you've learned about accounting practices and policies, how can you incorporate this type of analysis and awareness into your professional work in a way that enhances
On June 30, 2012, the per share market price (fair value) of the Johnson & Johnson shares is $55 and the Starbucks shares is $19. Prepare the adjusting entry to record any necessary fair value adjustment to its portfolio of trading securities.
Without the buildings and improvements, the tract of land is valued at $1,890,000. Solaris also incurs the following additional costs: Allocate the costs incurred by Solaris to the appropriate columns and total each column.
Determine the estimated warranty liability at December 31 for the units sold in November and December. Prepare the journal entries to record the estimated liability for warranties and the costs incurred in honoring 900 warranty claims. (Assume actu..
Suppose that joint -product costs are allocated using the net realizable value method, what were the net costs of product Y?
Prepare dated journal entries to record the transactions shown in question. Assume that Econ did not enter into a forward contract. Prepare dated journal entries to record the transactions question.
Journal entries for Collected the correct balance due. Collected the correct balance due from the Transaction 4 sale of Merchandise, net of the discount.
question on 1st january 2012 when its 32 par value common stock was selling for 73 per share bartz corp. issued
Financial planning involves computation of series of budget - How does this price change effect differ from the sales volume effect you described above?
Suppose that Marg Watson's salary was $68,000 and that total salaries paid in the company were $25 million. What would Marg's profit share be?
Purpose a schedule of expected cash collections from sales, by month and in total, for the second quarter
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