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The 2014 accounting records of Blocker Transport reveal these transactions and events. Payment of interest $10,830 Collection of accounts receivable $182,640 Cash sales 47,180 Payment of salaries and wages 52,080 Receipt of dividend revenue 18,760 Depreciation expense 16,300 Payment of income taxes 11,270 Proceeds from sale of vehicles 11,780 Net income 38,990 Purchase of equipment for cash 22,360 Payment of accounts payable Loss on disposal of vehicles 3,420 for merchandise 114,880 Payment of dividends 14,210 Payment for land 74,360 Payment of operating expenses 28,930 Prepare the cash flows from operating activities section using the direct method.
tooltime has a standard of 1.5 pounds of materials per unit at 2 per pound. in producing 2000 units tooltime used 3100
the following are partial income statement account balances taken from the december 31 2013 year-end trial balance of
Polk Company builds custom fishing lures for sporting goods stores.
a manufacturing company uses a job order cost accounting system. overhead is applied using pounds of direct materials
Estimated fixed costs / month = $350,000; variable cost / $ = $0.40; break even point / month = $583,333. What level of sales $ is needed for a monthly profit of $60,000?
the city of mcneely sold bonds in the amount of 10000000 to finance the construction of a public health center. the
david a cpa for a large accounting firm works 10- to 12-hour days. as a requirement for his position he must attend
Fogelberg Company purchased equipment for $12,000. Sales tax on the purchase was $600. Other costs incurred were freight charges of $240, repairs of $420 for damage during installation, and installation costs of $270. What is the cost of the equip..
identify whether the following tests are substantive analytical procedures tests of details of transactions or tests of
as you have learned in this weeks readings the accounting equation is assets liabilities owners equity. is the
Assume the equity method is applied. Compute Bell's income from Demers for the year ended December 31, 2008.
joe ringworth factory supervisor at winger enterprises had been attending night classes to earn a degree in business.
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