Use the following information for first corp complete the

Assignment Help Accounting Basics

Reference no: EM13582252

Use the following information for First Corp. complete the statement of Cash Flows (indirect method) for the year ended December 31, 2009. Clearly label each item as cash inflow or.

Cash at 1/1/09: $ 14,000
Net Income: $35,000
Dividends Paid: $11,000
Purchase of land: $100,000
Decrease in accounts payable: $12,000
Issuance of common stock: $60,000
Decrease in accounts receivable: $7,000
Proceeds from sale of investments: $27,000
Increase in inventory $5,000
Loss on sale of investments: $3,000
Increase in salaries payable: $6,000
Depreciation expense: $10,000
Redemption of bonds payable: $24,000
Collection of long-term note receivable: $22,000
Purchase land by issuing common stock: $40,000

Reference no: EM13582252

Questions Cloud

The peg corporation tpc issued bonds and received cash in : the peg corporation tpc issued bonds and received cash in full for the issue price. the bonds were dated and issued on

Design a chart of accounts for s dilley amp company explain : ollie mace has recently been appointed controller of s. dilley amp company a family-owned manufacturing firm founded 28

Inman manufacturing company makes a product that it sells : inman manufacturing company makes a product that it sells for 60 per unit. the company incurs variable manufacturing

Explain why unlimited liability is an advantages of a : explain why unlimited liability is an advantages of a corporation. what are some other advantages and disadvantages of

Use the following information for first corp complete the : use the following information for first corp. complete the statement of cash flows indirect method for the year ended

Give the entries necessary to record the valuations for : a bennet company paid cash dividends totaling 150000 in 2006 and 75000 in 2007. in 2008 bennett intends to pay cash

Hoen manufacturing company experienced the following : hoen manufacturing company experienced the following accounting events during its first year of operation. with the

Joan corp sold office equipment on january 12009 for a cash : joan corp sold office equipment on january 12009 for a cash price of 430000. the equipment had a cost of 500000 and

A factory machine was purchased for 60000 on january 1 2010 : a factory machine was purchased for 60000 on january 1 2010. it was estimated that it would have a 12000 salvage value

User Account

All Pages