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The below is a list of activities to be included in the preparation of UMUC's 2013 statement of cash flows. Prepare, IN GOOD FORM, the statement of cash flow under the indirect method. Net income 69,200 Payment for purchase of building 88,000 Increase in accounts receivable 8,400 Proceeds from issuance of common stock 38,100 Increase in accounts payable 5,500 Proceeds from sale of land 8,000 Depreciation expense 13,600 Payable of dividends 20,000 Gain on sales of land 4,300 Decrease in inventory 4,700 Payment for purchase of L-T investments 10,600 Amortization of discount on bonds payable 2,900 Proceeds from issuance of L-T note payable 17,000 Increase in taxes payable 6,000 Equipment acquire with cash 18,500 Decrease in salaries payable 3,300 Beginning cash balance 21,300
The product promises an initial payment of $20,000 at the end of this year and subsequent payments that will thereafter grow at a rate of 3.4 percent annually. If you use a 9 percent discount rate for investment products, what is the present value..
Bright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for September, October, and November.
Susan sweets is a 40 percent shareholder in acclaim inc. a theatrical supplies company. She transfers a fully depreciated car with a value of $2,000 to the corporation, dut does not receive any consideration for it.
Kelly Herron has agreed to invest $200,000 into an LLC with Michelle Moss and Dan Kim. Moss and Kim will not invest any money, but will provide effort and expertise to the LLC.
How much gain or loss must barry recognize, and how is it characterized. Account receivable fmv 90,000 three partners.
The beginning balance of retained earnings was $137,000,while the end of the year balance of retained earnings was $175,000.Net income for the year was $63,000. How much was paid in cash dividends during the year?
A toffee company discovers that its competitor is producing and selling what appears to be its patented toffee-coated popcorn for a cheaper price.
When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income?
A tract of land was distributed by MNO Inc. to its sole shareholder, Martha, as a dividend. At the time of the distribution, MNO Inc.'s adjusted basis in the land was $40,000, the fair market value of the land was $80,000, and the land was encumbe..
Answer the following questions. Use Equation Editor to write mathematical expressions and equations. First, save this file to your hard drive by selecting Save As from the File menu. Click the white space below each question to maintain proper for..
On January 31, 2006, the home office of Wall Company collected a trade account receivable of Doris Branch. The accounting for this transaction by Wall Company should include a:
The Accountant's Role in the Organization.
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