Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Can you please show me the solution step by step and also included the whole calculation ; i need to understand the solution to solve another one on my own ,
Prepare a statement of cash flows using indirect method:
CADET COMPANY Comparative Balance Sheets December 31
2012
2011
Assets
78700
33400
Cash
72790
37000
Accounts Receivable
121900
102650
Long Term Investments
89500
107000
Plant Assets
320000
205000
Accumulated Depreciation
49500
40000
Total
633570
445050
Liabilities&Stockholders Equity
Accounts Payable
57700
48280
Accrued Expense Payable
15100
18830
Bonds Payable
140000
70000
Common Stock
250000
200000
Retained Earnings
170770
107940
CADET COMPANY Income Statement Data December 31 2012
Sales
294500
Gain on Sale of plant assets
3000
297500
Less:
COGS
104460
Operating Expenses, excluding deppreciation expense
14670
Deppreciation Expense
35500
Income Taxes
32100
Interest Expense
2940
189670
Net Income
107830
1) New plant assets costing 151000 $ were purchased for cash during the year.
2) Investments were sold at cost.
3) Plant assets costing 36000 $ and accumulated deppreciation of 26000 $ were sold for 13000 $.
4) A cash dividend of 45000 $ was declared and paid during the year.
INSTRUCTIONS: Prepare a statement of cash flows using indirect method.
randy company has obtained the following data for the first year of operationssalesnbspnbsp nbsp nbsp nbsp nbsp nbsp
Describe how the resources raised by a not for profit hospital fund raising foundation are reported in the hospital financial statements.
Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Michael Martell, fund custodian, signs the following petty cash tickets:
Calculate the total current assets at December 31, 2010 and calculate the total liabilities and owners' equity at December 31, 2010.
On the grant date, the shares have a market price of $2.50 per share.
Quiltworks company reported actual sales of $2,000,000, and fixed costs of $450,000. The contribution margin ratio is 30%.
Evaluate how a firm manages the balance of high availability with high integrity in these days of tight budgets and additional oversight from regulators.
Which of the following is not considered "constructive receipt" income in 2010:
rankin the comptroller of lazy inc. has been embezzling funds from his employer for many years to date he has taken
The tax rate in Sweden is 55%. There is an additional shipping charge of $50 per unit to ship the material to Sweden. Transfer prices must be set at U.S. manufacturing cost or the selling price in the U.S.
Discuss how Stockholder Theory and Stakeholder Theory impacted your final selection
harrison ford company has been approached by a new customer with an offer to purchase 10000 units of its model ij4 at a
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd