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Presented below are selected financial statement items for Preacher Corporation for December 31, 2014. Inventory $ 55,000 Cash paid to purchase equipment $ 20,000 Cash paid to suppliers 154,000 Equipment 40,000 Buildings 400,000 Service revenue 200,000 Common stock 20,000 Cash received from customers 162,000 Cash dividends paid 2,000 Cash received from issuing Cash at beginning of period 11,000 bonds payable 40,000.
Instructions (a)Determine which items should be included in a statement of cash flows, and then prepare the statement for Preacher Corporation. (b) Comment on the adequacy of net cash provided by operating activities to fund the company%u2019s investing activities and dividend payments.
a. Determine the budgeted manufacturing overhead rate for each department. b. Prepare the necessary journal entries to summarize the March transactions for Department 100. c. What is the total cost of Job A?
For the year ending June 30, 2008, the Austin Corporation has current assets of $ 275,000 and total assets of $ 900,000. It also has current liabilities of $ 150,000, equity of $ 200,000, and retained earnings of $ 100,000. The marginal tax rate f..
Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,000 units?
lloyd christmas ltd.s accounting records reflect the following account balances at january 1 2005 equipment 160000
An individual has a $30,000 § 1245 gain, a $85,000 § 1231 gain, a $55,000 § 1231 loss, a $30,000 § 1231 lookback loss, and a $80,000 long-term capital gain. The net long-term capital gain is:
At December 31, 2009, M's unadjusted balance of liability for compensated absences was $30,000. M estimated that there were 200 vacation days available at December 31, 2009. M's employees earn an average of $150 per day. In its December 31, 2009, ..
given this scenario a serious disease has broken out on nacierma that takes the lives of 10 of the population every
Creating a perception of detection can act as a deterrent to fraud. What are some ways companies attempt to create such a perception?
Determine sample size based on the following audit judgments.
create a 10- to 15-slide microsoftreg powerpointreg presentation of information about the fictional company you created
mary has a three-stock portfolio and is interested in estimating its overall return next year. she has 25000 invested
Prepare a bank reconciliation at July 31, 2012 and journalize the adjusting entries at July 31 on the books of Ghose Company.
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