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

Cost component, Identify the individual cost components and the total cost ...

Identify the individual cost components and the total cost of delivering the product from supplier to retailer.   Identify each cost in terms of the incremental addition to the pro

Giardia, Place a prepared slide of Giardia first under tlie low power and t...

Place a prepared slide of Giardia first under tlie low power and then under the high power of the microscope and observe tlie followilig characters. i) Bilaterally symmetrical

Cost components, Cost Components Companies which manufacture a product ...

Cost Components Companies which manufacture a product face an elaborated set of accounting issues. Additionally the usual accounting matters related with selling and administra

Method of measuring costs associated with production, Which method of measu...

Which method of measuring costs associated with production is more widely used in practice A. Normal Costing  B. Actual Costing  C. Both are used equally  D. Neither one

Analysis of prime cost and overhead variances, You are required to conduct ...

You are required to conduct a detailed analysis of all the prime cost and overhead variances. You must create a fictitious company (and a fictitious cost object) which has at least

Calculate the range of monthly financing rates, Calculate the range of mont...

Calculate the range of monthly financing rates for which the schedule of monthly cash flows is profitable: Month Cash Flow, $ -------------------- 0 -10,100 1 +23,000 2 -13,

Determine internal rate of return and cash flow statement , A local deliver...

A local delivery company has purchased a delivery truck for $15,000.  The truck will be depreciated under MACRS as a five year property.  The trucks market value (salvage value)

Cost profit volume analysis, COST PROFIT VOLUME ANALYSIS Cost profit vo...

COST PROFIT VOLUME ANALYSIS Cost profit volume (CVP) analysis is an essential tool for profit planning. It can be explained  as - ' a managerial tool showing the relationship a

Analysis of fund flow and cash flow statements, After you have studied this...

After you have studied this section, you should be capable to: know the idea of funds flowing by a business in a dynamic situation understand the role of working capital

Identify the relevant per-unit costs, Bakers Bagels LLC produces and sells ...

Bakers Bagels LLC produces and sells 20 types of bagels by the dozen. Bagels are priced at $6.00 per dozen (or $0.50 each) and cost $.020 per unit to produce. The company is consid

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