User Account

All Pages

Prepare a statement of cash flows indirect method

Assignment Help Accounting Basics
Reference no: EM13911423

Prepare a statement of cash flows indirect method. The financial statements of Pouchie Co. included the following information for the year ended December 31, 2013 (amounts in millions):

Depreciation and amortization expense . . . . . . . . . . . . . . . . . . . $260
Cash dividends declared and paid . . . . . . . . . . . . . . . . . . . . . . . 330
Purchase of equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 820
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 384
Beginning cash balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120
Proceeds of common stock issued . . . . . . . . . . . . . . . . . . . . . . 148
Proceeds from sale of building (at book value) . . . . . . . . . . . . . . 212
Accounts receivable increase . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Ending cash balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Inventory decrease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Accounts payable increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

Required:
Complete the following statement of cash flows, using the indirect method: 

Reference no: EM13911423

Questions Cloud

Cash flows to accrual : Cash flows to accrual. For each of the following items, calculate the amount of revenue or expense that should be recognized on the income statement for Pelkey Co. for the year ended December 31, 2013:
Income statement format and eps disclosures : Income statement format and EPS disclosures. Refer to the consolidated statements of earnings on page 711 of the Campbell Soup Company annual report in the appendix.
Statement of cash flows analysis. refer to the consolidated : Statement of cash flows analysis. Refer to the consolidated statements of cash flows on figure shown below of the Campbell Soup Company annual report in the appendix.
Use gross profit ratio to calculate inventory loss : Use gross profit ratio to calculate inventory loss. On April 8, 2013, a flood destroyed the warehouse of Stuco Distributing Co.
Prepare a statement of cash flows indirect method : Prepare a statement of cash flows indirect method. The financial statements of Pouchie Co. included the following information for the year ended December 31, 2013 (amounts in millions):
Describe how you would determine the technical : Describe how you would determine the technical, economic, legal, operational, and schedule feasibility for the restaurant and its proposed computer system.
Complete balance sheet and prepare a statement of changes : Complete balance sheet and prepare a statement of changes in retained earnings. Following is a statement of cash flows (indirect method) for Hartford, Inc., for the year ended December 31, 2014.
Prepare statement of cash flows : Prepare statement of cash flows (indirect method) using balance sheet data.
Describe how project management tools such as a gantt chart : You have been hired as a project manager to develop a new Web site in the next six months for a store that sells music and books online. Describe how project management tools, such as a Gantt chart and PERT, might be used.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Sales 800000 cost of goods sold 300000 accounts recievable

sales 800000 cost of goods sold 300000 accounts recievable 20000 bonds outstanding 160000 accounts payable 20000

  The companys net income loss for the year was 11300 and its

hocking corporations comparative balance sheet appears belowending balancebeginning

  Prepare the journal entry to record the replenishment

On 20 March, Batavia's petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage $51, freight-out $25, and travel expense $10. Prepare the journal entry to record the replenishment of the petty cash fund.

  During october shandra company had 97500 of cash receipts

a.during october shandra company had 97500 of cash receipts and 101250 of cash disbursements. the october 31 cash

  Denominator level of activity affects the fixed portion

A company has a standard cost system in which fixed and variable manufacturing overhead costs are applied to products on the basis of direct labor-hours. The company's choice of the denominator level of activity affects the fixed portion of the pr..

  Describe in detail working with budgets

Budgets are the driving force behind all organizations. Whether a manufacturing organization, or a service organization such as a medical or public accounting firm

  W and o inc has decided to use the high low method to

w and o inc. has decided to use the high low method to estimate the total cost and the fixed and variable cost

  Determine how many new clients must visit the law office

steven clark and two of his colleagues are considering opening a law office in a large metropolitan area that would

  Question on rate of return

The ABC Co. has no debt in its capital structure, a beta of 0.8, and raises all funds through sale of common stock. The current market rate for similar stock is 14% and the risk-free rate is 6%.

  Prepare an income statement for michaels company

Michaels Company segments its income statement into its East and West Divisions. The company's overall sales, contribution margin ratio, and net operating income are $620,000, 57%, and $57,000, respectively.

  Calculate and compare the financial ratios

Calculate and compare the financial ratios listed further down this document for the fiscal year ending 2011 and prepare your comments about the two companies' performance based on your ratio calculations.

  Business in preparation for the adjusted trial balance

Anita Johnson was preparing the adjusting entries for her business in preparation for the adjusted trial balance and financial statements.

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