User Account

All Pages

Prepare a partial statement of cash flows for alpha company

Assignment Help Accounting Basics
Reference no: EM131642811

Question - The following information is related to Alpha Company's fiscal year 2017.

Income Statement:

Net Income                             $3,000,000

Depreciation Expense           500,000

Gain on Sale of Plant Assets 50,000

Interest Expense                     5,000

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payable                  ($40,000)

Plant Assets - Purchased       250,000

Plant Assets - Disposals         (100,000)

Additional Information:

Common Stock exchanged for outstanding Long Term Notes Payable of $125,000

Dividends paid were $30,000

Use this information to prepare a partial Statement of Cash Flows for Alpha Company. Prepare only the section related to Cash Flows from Operating Activities.

Reference no: EM131642811

Questions Cloud

Determine alpha company''s net cash flows : Use this information to determine Alpha Company's Net Cash Flows from Investing Activities
Define my quality of life self-care plan : Balancing School and Life - My Quality of Life Self-Care Plan
Is the use of terrorism simply war by other means : Is terrorism a biased term derived by governments in power to delegitimize those with little power? Is the use of terrorism simply war by other means?
Discuss generally how the film relates to business law : Briefly Summarize the Film. Discuss generally how the film relates to Business Law.
Prepare a partial statement of cash flows for alpha company : The following information is related to Alpha Company's fiscal year 2017. Use this information to prepare a partial Statement of Cash Flows for Alpha Company
Peters entered into a contract to purchase dowling business : Peters entered into a contract to purchase Dowling’s business.
What is sustainable competitive advantage : What is the difference between strengths, competitive advantage, and sustainable competitive advantage - identifying the strengths and weaknesses
Describe veterans administration medical centers structure : Describe the Veterans Administration Medical Centers (VAMC) structure. Precise division of labor between explicitly described job positions.
Determine the beginning balance for retained earnings : Use this information and determine Alpha Company's: the Net Income (Net Loss) the 2017 Fiscal Year and the beginning balance for Retained Earnings

Reviews

Write a Review

Accounting Basics Questions & Answers

  The mountain springs water company has two departments

the mountain springs water company has two departments purifying and bottling. the bottling department had 3000 liters

  Cunningham company has the following defined benefit

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2011, the company amends its pension agreement so that prior service costs of $500,000 are created. Other data related to the pension plan are as follows.

  What is the photocopier division sales margin

Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows: What is the Photocopier Division's sales margin

  During 2012 fedcom was affected by the strike which caused

during 2012 fedcom was affected by a strike that caused a disruption in operations and the subsequent suspension of

  U.s. importer of japanese computer components

U.S. importer of Japanese computer components pays for the components in yen. The importer is not concerned about a possible increase in Japanese prices (charged in yen) because of the likely offsetting effect caused by purchasing power parity (PP..

  Calculate the weighted average cost of capital

Calculate the weighted average cost of capital for CTRL using the market valuation approach (show your workings).

  Neccessary adjusted journal entries

Given the journal entries below, make the neccessary adjusted journal entries. 1/15 PBP purchased a camera from Good Co. on account for $3000. The useful life is 5 years.

  Calculate the amount of net income

Compute the amount of net income that ABC Company would report inits 2007 income statement after all the above transactions arerecorded and all necessary adjusting entries are made at December31, 2007. Don't use decimals in your answer.

  An employee earns 16 per hour and 175 times that rate for

an employee earns 16 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. assume that the

  Aren austin corporation has capitalized software costs of

aren austin corporation has capitalized software costs of 858500 and sales of this product the first year totaled

  Tanna corporation is considering three investment projects

tanna corporation is considering three investment projects o p and q. project o would require an investment of 38000

  Compute the amount of realized gross profit to be

swift corp. a capital goods manufacturing business that started on january 4 2010 and operates on a calendar-year basis

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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