Prepare the cash flow statement using the indirect method

Assignment Help Accounting Basics
Reference no: EM132533496

Question - Delatorre Company, a retailer, recently finished it's 2021 operations. Prepare the cash flow statement using the indirect method only.

1. Net income was $114,975.

2. Accounts receivable increased $15,375.

3. Inventory increased $21,250.

4. Prepaid expenses decreased $875.

5. Acquisition of a building by issuing common stock $125,000.

6. Accounts payable decreased $28,500.

7. Depreciation expense was $18,750.

8. Sold equipment for $11,625 cash and there was a loss for this of $5,125.

9. Purchased equipment for $30,000 cash.

10. Borrowed $4,000 cash by signing a note payable.

11. Paid $50,125 to redeem a bond payable.

12. Purchased equipment by signing a note payable $55,000.

13. Issued 2,500 shares of stock for $20 cash.

14. Paid a cash dividend for $50,100.

15. Beginning cash was 76,625.

16. Ending Cash is $86,625.

Reference no: EM132533496

Questions Cloud

Explain why you have chosen the model : In this assignment, you will locate a model of practice that you could apply to nursing. It does not need to be a nursing model. Models of practice can be found
Why do people find value in adidas : Why do people find value in Adidas? Why are they loyal to the brand?
The value performance management program : The value a performance management program brings to the organization. A rationale for your selection of different aspects of your plan
What overapplied or underapplied overhead for september : What is the overapplied or underapplied overhead for September? Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead
Prepare the cash flow statement using the indirect method : Delatorre Company, a retailer, recently finished it's 2021 operations. Prepare the cash flow statement using the indirect method only
Examine leadership from different perspectives : 1- A cross the last years there were a lot of modern Leadership concepts that examine leadership from different perspectives;
Sources of problem identification : Which of the following is not true about sources of problem identification?
Support system and management information system : Using example explain how decision support system and management information system are incorporated into the business of eBay
Evaluate different aspects of the article : This week you are going to critique a journal article that you will select from any resources. In order to critique an article, the reader needs to evaluate.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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