Solution-The balance sheet data of wyeth company at the end

The balance sheet data of wyeth company at the end of 2010

Assignment Help Accounting Basics

Reference no: EM131110784

The balance sheet data of Wyeth Company at the end of 2010 and 2009 follow. Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $9,000 were declared and paid during the year.

Compute net cash provided (used) by:

(a) Operating activities.

(b) Investing activities.

864_11-B-A-B-S-C-F (89).PNG

Reference no: EM131110784

Questions Cloud

Evaluate and recommend appropriate action on the loanrequest : Springfield Bank is evaluating Creek Enterprises, which has requested a $4,000,000 loan, to assess the firm's financial leverage and financial risk. On the basis of the debt ratios for Creek, along with the industry averages and Creek's recent financ..

The accounts below appear in the ledger of popovich company : The accounts below appear in the ledger of Popovich Company. From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a partial statement of cash flows using the indirect method.

What recommendations relative to the amount : What recommendations relative to the amount and the handling of inventory could you make to the new owners? What recommendations relative to the amount and the handling of accounts receivable could you make to the new owners? What recommendations rel..

The company classifies the investments as available for sale : Ochoa Inc. sold part of its investment portfolio for $12,875. This transaction resulted in a gain of $2,000 for the company. The company classifies the investments as available-for-sale.

The balance sheet data of wyeth company at the end of 2010 : The balance sheet data of Wyeth Company at the end of 2010 and 2009 follow. Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash.

Would this affect the validity of your conclusion : Use the year-end total to evaluate the firm’s collection system. If 70% of the firm’s sales occur between July and December, would this affect the validity of your conclusion in part a? Explain.

How would you evaluate the activity of wilkins'' inventory : Find the average quarterly inventory and use it to calculate the firm's inventory turnover and the average age of inventory. Assuming that the company is in an industry with an average inventory turnover of 2.0, how would you evaluate the activity of..

Calculate josh''s liquidity ratio : Calculate Josh's liquidity ratio. Several of Josh's friends have told him that they have liquidity ratios of about 1.8. How would you analyze Josh's liquidity relative to his friends?

Net income as reported on the income statement : Plant assets that cost $60,000 and were 80% depreciated were sold during 2010 for $8,000. The loss (not extraordinary) was incorrectly charged directly to Retained Earnings.

User Account

All Pages

The balance sheet data of wyeth company at the end of 2010

Reference no: EM131110784

Reference no: EM131110784

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT