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

Types of variances, TYPES OF VARIANCES Variances are computed for the e...

TYPES OF VARIANCES Variances are computed for the entire three basic elements of cost - direct labour, direct material, and overhead variance 1. Direct labour variance 2.

Davids net state lottery gains, One month before she died on April 14, 2002...

One month before she died on April 14, 2002, Barbara Gent (Amy's aunt) gave Amy a coin collection. Based on careful records that Barbara kept, the collection had a cost basis of $9

Material handling, Material Handling The objective is to ensure about ...

Material Handling The objective is to ensure about the goods are delivered to the right places at the right instance and in aright manner to ignore delays, unnecessary and con

Abnormal loss account and abnormal gain account, A product is manufactured ...

A product is manufactured by passing through three processes: A, B and C. In process C a by-product is also produced which is then transferred to process D where it is completed. F

Cgs, asdfdf afd s

asdfdf afd s

Assessment item 2, rocess costing Prepare a spreadsheet to solve the follow...

rocess costing Prepare a spreadsheet to solve the following process costing problem. Review the four process costing videos provided in Interact Resources. Note that in the situati

Overhead cost analysis and classification, Overhead Cost Analysis and Class...

Overhead Cost Analysis and Classification Overhead costs may be analyzed into a) Which that may be directly identifiable along with a single cost center, as an  example of,

Allocate joint production costs to each product, Bubble Corporation manufac...

Bubble Corporation manufactures two products, I and II, from a joint process. A single production costs $4,000 and results in 100 units of I and 400 units of II. To be ready for sa

Actual operating cost method, On May 9th, David paid $34,500 (including sal...

On May 9th, David paid $34,500 (including sales tax) to purchase a used Audi A8 that he uses 90% of the time for business. No trade-in was involved. David uses the actual operating

Determine the relevant costs, Cowboy Constructions employs a full-time driv...

Cowboy Constructions employs a full-time driver and incurs costs for a vehicle to deliver paperwork between each of their building sites. Select Couriers has offered to carry out t

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