Analysis of selected accounts of orlando company

Assignment Help Cost Accounting
Reference no: EM13548041

Statement of Cash Flows-Indirect Method

The following information was obtained from analysis of selected accounts of Orlando Company for the year ended December 31, 2008.

Increase in long-term debt                                                       

$ 57,000

Purchase of treasury stock                                                       

52,000

Depreciation and amortization                                                    

197,000

Gain on sale of equipment (included in net income)                                    

6,000

Proceeds from issuance of common stock                                           

184,000

Purchase of equipment                                                         

434,000

Proceeds from sale of equipment                                                   

20,000

Payment of dividends                                                           

49,000

Net income                                                                 

375,000

Increase (decrease) in working capital accounts:

 

Cash                                                                    

$ 45,000

Accounts receivable                                                         

229,000

Inventories                                                               

275,000

Trade notes payable                                                         

167,000

Accounts payable                                                           

124,000

Income taxes payable                                                        

(34,000)

Cash balance, January 1, 2008                                                     

120,000

Instructions: From the information given, prepare a statement of cash flows using the indirect method.

Reference no: EM13548041

Questions Cloud

How many machine-hours were worked during the period : How many machine-hours were worked during the period - Estimate Machine-Hours Worked from Overhead Data
What is the shape of a frequency distribution : What is the shape of a frequency distribution with an arithmetic mean of 12,000 pounds, a median of 12,000 pounds, and a mode of 12,000 pounds ?
Consider the function to determine its root : The following function is used to determine a parachute’s falling velocity. Consider the function to determine its root, the drag coefficient, c such that the velocity, v is 40 m/s after a free-falling time (t) of 10 second. f(c)=(gm/c)(1-e^(-(c/m)t)..
Calculate the correlation coefficient : Calculate the correlation coefficient and determine whether it is statistically significant using a two-tailed test at the .05 level.
Analysis of selected accounts of orlando company : Analysis of selected accounts of Orlando Company for the year ended December 31, 2008 - prepare a statement of cash flows using the indirect method.
Determine the largest distance x that the stream can reach : A nozzle discharges a stream of water with an initial velocity v0 of 50 ft/s into the end of a horizontal pipe of inside diameter d=5ft. determine the largest distance x that the stream can reach.
Determine the amount of net income for august : Determine the amount of net income for August, assuming that the owner made no additional investments but withdrew $35,000 during the month.
The annual mean vehicle miles of travel per household : The annual mean vehicle miles of travel per household
What is the probability the acc will have a team : What is the probability the ACC will have a team in the championship game and what is the probability that the championship game will not have a team from one of these two conferences

Reviews

Write a Review

Cost Accounting Questions & Answers

  Business transactions on the cash receipt journal

Record the December business transactions on the cash receipt journal.

  The rite-way plumbing co began business march 1 2006 in

the rite-way plumbing co. began business march 1 2006 in sarasota. its business address is 124 division lane sarasota

  Determine the net present value

A $550,000 capital investment proposal has an estimated life of four years and no residual value. The estimated net cash flows are as follows.

  What entry should espinosa make

Guthrie Company sold its accounts receivable of $65,000. What entry should Guthrie make, given a service charge of 3% on the amount of receivables sold?

  What was the total amount of the company merchandise

The company"s beginning merchandise inventory was $20,000 and its ending merchandise inventory was $21,000. What was the total amount of the company"s merchandise purchases for the month?

  What are internal sources of cash

Which method of calculating cash flow from operations requires the adjust of net income for deferrals, accruals, noncash, and nonoperating expenses?

  Cash flows from operating activities

Adjust net income of $110,000 for changes in operating assets and liabilities to arrive at cash flows from operating activities.

  Amount of accumulated depreciation olds

Determine the amount of depreciation expense and the amount of accumulated depreciation Olds would report on the 2012 financial statements.

  Calculate the balance of oh kwon capital

Calculate the balance of Oh Kwon, Capital, as of the end of the year - Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance?

  What was the cost per share of the treasury stock

Determine the missing values indicated by question marks and what was the cost per share of the treasury stock?

  What is the dollar amount of income

London purchased a piece of real estate last year for $82,200. The real estate is now worth $103,400. If London needs to have a total return of0.20 during the year, then what is the dollar amount of income that she needed to have to reach her obje..

  Evaluate the amount of depreciation

Evaluate the amount of depreciation to be recognized for each mile that a rental automobile is driven.

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