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Damocles Company manufacture fine swords. Below arelisted the net changes in the company's balance sheet accounts for the past year:
The following addtional information is available about lastyear's activities: a. Net income for the year was $85,000b. The company sold equipment during the year for $35,000. The equipment originally cost the company $160,000, and it had $145,000 in accumulated depreciation at the time of sale. c. The company declared and paid $10,000 in cash dividendsduring the year. d. Depreciation charges for the year were $_?_ e. The opening and closing balances in the Plant and Equipment and Accumulated Depreciation accounts are given below:
f. There were no stock conversions (i.e., one class of stock converted to another class) during the year. g. The balance in the Cash account at the beginning of the year was $190,000; the balance at the end of the year was $_?_h If data are not given explaining the change in an account, make the most reasonable assumption as to the cause of the change.
Required: Using the indirect method, prepare a statement ofcash flows for the year.
in the per-phase equivalent circuit of the figure 9.10b below assume rs 0 and xs 1.2pu. the terminal voltage va 1lt 0
Samson Inc. needs €1,000,000 in 30 days. Samson can earn 5 percent annualized on a German security. The current spot rate for the euro is $1.00. Samson can borrow funds in the U.S. at an annualized interest rate of 6 percent. If Samson uses a mone..
Write a brief summary (one paragraph) for each of the three companies that include the name, web site address, and a brief description of its business. Secondly, please discuss the reasons why the company would most likely use a process costing sy..
we examined two very important topics in finance this week capital budgeting and dividend policy.critically reflect on
Let's think through an example: Company A produces gadgets at $2 VC and incurs $200,000 FC per month.
andy mcdowell co. establishes a 100 million liability at the end of 2014 for the estimated site-cleanup costs at two of
Received $1,000 from customers as deposits on orders of new instruments to be sold to the customers in April. Complete the following statements.
Tolan Co. purchased 60, 6% Irick Company bonds for $60,000 cash plus brokerage fees of $600. Interest is payable semiannually on July 1 and January 1. If 30 of the securities are sold on July 1 for $32,000 less $300 brokerage fees, the entry would..
The fair value of which of the following was determined using a Level 3 input? A building whose price per square foot is derived from prices in observed transactions involving similar buildings in similar locations.
Outstanding accounts receivable at the end of the year total 900000, after aging these accounts, the company estimates that their net realizable value is 860000.prior to making any adjustment to record uncollectible accounts expense, the allowance..
a firms internal control environment is influenced bymanagements operating style.organizational structure.personnel
Aceton Corporation owns 80 percent of the outstanding stock of Voctax, Inc. During the current year, Voctax made $140,000 in sales to Aceton. How does this transfer affect the consolidated statement of cash flows?
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