Used in investing activities and financing activities

Assignment Help Financial Accounting

Reference no: EM131203347

The following financial information is available for K-Cart Company 2013 2012 Cash and cash equivalents 12,000 15,000 Account receivables 25,000 22,000 Buildings 108,000 45,000 Accumulated depreciation 20,000 16,000 Land 30,000 20,000 Account payables 26,000 22,000 Long-term notes payables 50,000 20,000 Common stock 50,000 30,000 Retained earnings 29,000 14,000 Additional information: Net income was $ 30,000 No buildings were sold during the year what is the net cash provided by or used in investing activities and financing activities?

Reference no: EM131203347

Questions Cloud

Calculate the company ending inventory and cost of goods : Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 16 $ 66 $ 1,056 March 28 Purchase 26 72 1,872 August 22 Purchase 32 76 2,432 October ..

What is the total profit per product : Quality Data, Inc. manufactures two products, CDs and DVDs, both on the same assembly line. The predicted sales are 20,000 CD and 25,000 DVD. The predicted costs for the year 2010 are as follows: Variable Fixed Materials $400,000 $1,000,000 Other 500..

Calculate equivalent units for materials-conversion costs : Equivalent Units and Related Costs; Cost of Production Report; Entries Wilmington Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. Calculate equivalent unit..

Used in investing activities and financing activities : The following financial information is available for K-Cart Company 2013 2012 Cash and cash equivalents 12,000 15,000 Account receivables 25,000 22,000 Buildings 108,000 45,000. Net income was $ 30,000 No buildings were sold during the year what is t..

Required to adjust the inventory account : The company has 395 units of bell-bottom jeans with a cost of $18.00 per unit and a market value of $16.00 per unit. The inventory also includes 1,020 units of boot cut jeans with a cost of $17.00 per unit and a market value of $20.00 per unit. Requi..

Pressure amount to be distributed to common stockholders : Andrew's Corporation has 25,000 common shares authorized and 20000 shares were issued and outstanding at year end during the year the corporation's net income after taxes was $50,000 the policy of the corporation has been to declare dividends equal t..

Calculate company ending inventory and cost of goods sold : The college campus bookstore uses a periodic inventory system. The bookstore purchases 435 copies of a textbook at $78 each in June, 990 copies in August at $80 each, and 630 copies in December at $83 each. The bookstore sold 1,870 copies of the text..

Production with respect to conversion cost : Bennett Company uses the FIFO method in its process costing system. During April the equivalent units of production with respect to conversion costs totaled 32,600 units. Work in process inventory on April 1 consisted of 5,000 units, 50% complete wit..

User Account

All Pages