Prepare a statement of cash flows, Cost Accounting

Assignment Help:

                                      2012                     2011

Cash                               12200                 17700

Acct receivable                  25200                  22300

Investments                     25000                 16000

Equipment                       60000                  70000

Accum. Depreciation          (14000)              (10000)

Total                               108,400              116000

Acct  payable                    14600                11100

Bonds payable                   10000                30000

Common stock                  50000                45000

Retained earning               33800               29900

Total                                108400             116000

Additional info:

1. Net income was 17,300. Dividends declared and paid were 13400.

2. Equipment which cost 10000 and had accumulated depreciation of 2200 was sold for 3800

3. All other changes in non current account balance had a direct effect on cash flows, except the change in accumulated depreciation.

Prepare a statement of cash flows for 2012 using the indirect method and compute a free cash flow.


Related Discussions:- Prepare a statement of cash flows

What is the total cost of the work in process, The Cutting Department of th...

The Cutting Department of the Rock Island Custom Cabinetry Corporation (a process costing production) had no work in process at the beginning of the period, 12,000 units were compl

Change in working capital, Current assets 180.00   ...

Current assets 180.00   232.00 Less: Current Liabilities 80.00   105.00 Working Capital

Calculate average cost to manufacture, Sony manufactures battery for Iphone...

Sony manufactures battery for Iphone 6+. The average costs to manufacture batteries are $4 for 10,000 ad $2.67 for 30,000. Assuming the total cost function is linear, what will be

what is your corporate cost of capital , You are the CFO of a Hospital. Su...

You are the CFO of a Hospital. Suppose that your projected average daily reimbursement is $100, 000 and your average collection day is 40 days. What is your hospital's annual cost

Prepare journal entries to record the budget, The budgeted and actual reven...

The budgeted and actual revenues and expenditures of Seaside Township for a recent year (in millions) were as presented in the schedule that follows: 1. Prepare journal entries

Relationship among management accounting and cost accounting, Relationship ...

Relationship among management accounting and cost accounting Referring to CIMA's definition for cost accounting, we can determine cost accounting is a part of management accou

Calculate the atm fee should the bank charge - marginal cost, A bank in a m...

A bank in a medium-sized midwestern city, Firm X, currently charges $1 per transaction at its ATMs.  To determine whether to raise price, the bank managers experimented with a n

Variable cost, how variable cost help in decision making.with suitable exam...

how variable cost help in decision making.with suitable example

Which of the following are relevant in choosing, A company is considering t...

A company is considering the following alternatives: Alternative 1 Alternative 2 Revenues $240,000 240,000 Variable costs 120,000 140,000 Fixed costs 70,000 70,000 Which of the fol

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd