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

Exploration costs, are exploration cost treated as an asset or expense or b...

are exploration cost treated as an asset or expense or both?

Evaluate amount of goodwill should horace wimp record, Blue sky Company's 1...

Blue sky Company's 12-31-13 balance sheet reports assets of $5,000,000 and liabilities of $2,000,000. All of the book value's are the same as the market values except for land, wh

Calculate the break-even in units under each option, o locate a store, but ...

o locate a store, but the location manager is not sure about the rent method to accept. The mall operator offers the following three options for its retail store rentals: 1. paying

Decision analysis , can you guys do a project which is due in 2 weeks

can you guys do a project which is due in 2 weeks

Time analysis - cost accumulation, Time Analysis - Cost Accumulation T...

Time Analysis - Cost Accumulation This is generally achieved via having the employee complete a daily or weekly timesheet or via contain job cards or piecework tickets. As whe

Estimate the selling price and profit, Slash and Burn is a monopolist that ...

Slash and Burn is a monopolist that can sell its output at these prices and with these total costs:                    Output             Price        Total Cost

Calculate the payback and discounted payback period, Lapsol limited manufac...

Lapsol limited manufacture electrical appliances for the export market. The management of the company are considering investing in one of two possible capital expenditure projects.

Accounting for job order costing, Accounting for Job Order Costing ...

Accounting for Job Order Costing 1.  Direct Labor  Dr W.I.P. Control Account Cr Cash Account 2.  Accrued Direct Wages Dr W.I.P. Control Account Cr Wages

Alternative to total overhead variances, Alternative to Total Overhead Vari...

Alternative to Total Overhead Variances There is an easier approach to overhead variances.  In this approach, the overheads are NOT sub-divided into their fixed and variable e

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