Financing activities not affecting cash investing activities

Assignment Help Accounting Basics
Reference no: EM13866879

On December 31, 2010, a fire destroyed a significant portion of the Richey Company accounting records. Only the January 1, 2010 balance sheet, the statement of cash flows for 2010, and several additional documents were saved as follows: 

 

892_268-B-A-B-S-C-F (1003)-1.png

 

838_268-B-A-B-S-C-F (1003)-2.png

Statement of Cash Flow For Year Ended December 31, 2010
Schedule 1: Investing and Financing Activities Not Affecting CashInvesting ActivitiesAcquisition of land by issuance of preferred stock (40 shares) .... $(4,800)Financing ActivitiesIssuance of preferred stock to acquire land ............ 4,800The remaining financial documents reveal the following additional data:
1. The new building was acquired on December 31, 2010. The related mortgage requires equal annual repayments of the principal over a five-year period beginning December 31, 2012.2. The company issued a stock dividend of 200 shares of common stock on December 14, 2010. On the date of declaration, the stock was selling for $18 per share.3. The equipment that was sold had an original cost of $1,900.
Required:Prepare a December 31, 2010 balance sheet for Richey Company. Include supporting calculations. 

Reference no: EM13866879

Questions Cloud

Find the number of iguanas present in the island intially : Find the number of iguanas present in the island intially and show that the population of iguanas is increasing without bound.
Attitudes of counterfeit purchasers in another country : What factors do you think would influence the attitudes of counterfeit purchasers in another country
Determine the moment of f about line a : 1. A door with rectangular shape is hinged along an axis having direction a lying in the xz place. The door is supported by a cable that has a tensile force F=100N. Determine the moment of F about line a.
Write a summary that explain the reason for seasons on earth : Write a word summary that explains the reason for seasons on Earth
Financing activities not affecting cash investing activities : Investing and Financing Activities Not Affecting CashInvesting ActivitiesAcquisition of land by issuance of preferred stock (40 shares) .... $(4,800)Financing ActivitiesIssuance of preferred stock to acquire land ............ 4,800The remaining finan..
Explain the basic teachings of buddhism : Explain the basic teachings of Buddhism
What has changed about the roles of women in the religion : What has changed about the roles of women in the religion over time?
Place a sma-2 homozygous hermaphrodite : You place a sma-2 homozygous hermaphrodite and a wild-type (+) homozygous male on a Petri dish. Provide the phenotypic and genotypic ratios, showing all work, for an F(1) cross between these two C.elegans. Then provide your interpretation as to wheth..
Describe the steps of the scientific method earl utilized : Describe the steps of the scientific method Earl utilized

Reviews

Write a Review

Accounting Basics Questions & Answers

  Preparing a budget showing the quantity of switches

Prepare a budget showing the quantity of switches to be purchased each month for January, February, and March and in total for the quarter.

  Discuss whether esteban is performing in a professional

Discuss whether Esteban is performing in a professional manner. If you were a manager, what would you do differently in order to make sure your employees are not using the company's assets for their own benefit?

  What is the impact on total shareholders equity

What is the impact on total shareholders' equity

  During 2014 lowes company sold equipment with a book value

during 2014 lowes company sold equipment with a book value of 90000 for proceeds of 109000. the company purchased new

  The following information regarding the total overhead of

the following information regarding the total overhead of acompany for a 4 month period machinehrs

  Paid income taxes during for the year

The deferred tax liability classified as noncurrent that resulted from the use of MACRS for tax purposes and straight-line depreciation for financial reporting purposes, increased from $40,000 at the beginning of the year to $44,000 at the end of ..

  What amount must include of his ss benefits

What amount must include of his SS benefits in the Form 1040 in income - James Pabon, a single taxpayer, is retired and receives SOCIAL SECURITY BENFITS of $ 16,000 in the year.

  Locker rental corp lrc operates locker rental services at

locker rental corp. lrc operates locker rental services at several locations throughout the city including the airport

  Kaplan company inc uses a normal costing system and

kaplan company inc. uses a normal costing system and estimated its overhead costs for the current year to be as follows

  The zeron corporation wants to purchase a new machine for

the zeron corporation wants to purchase a new machine for its factory operations at a cost of 950000. the investment is

  The prepaid insurance account had a balance of 10800 at the

the prepaid insurance account had a balance of 10800 at the beginning of the year. the account was increased for 7200

  During the year 5600 units were produced 18340 hours were

the following information was taken from the annual manufacturing overhead cost budget of coen companyvariable

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