None w.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator-assignment-taeBookShow Me HowStatement of Cash FlowsThe comparative balance sheet of Hirayama Industries Inc. for December 31, 20Y2 and 20Y1, is as follows:Dec. 31, 20Y2 Dec. 31, 20Y1AssetsCash$203$64Accounts receivable (net)11680Inventories7344Land166181Equipment9370Accumulated depreciation-equipment(25)(13)Total Assets$626$426<Liabilities and Stockholders' EquityDAccounts payable (merchandise creditors)$79$64Dividends payable13Common stock, $1 par4120Excess of paid-in capital over par10750Retained earnings386292Total liabilities and stockholders' equity$626$426The following additional information is taken from the records:1. Land was sold for $38.2. Equipment was acquired for cash.Check My WorkLW68%78°F Mo

HIRAYAMA INDUSTRIES INC.Statement of Cash FlowsFor the Year Ended December 31,…

Answered: w.com/ilm/takeAssignment/takeAssignment…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 10MCQ

See similar textbooks

Similar questions

Prepare a schedule of net cash provided by operating activities. - Prepare the Operating Activities Section of a Statement of Cash Flows using the Indirect. ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sig Calibri -11 A A % Alignment Number Conditional Format as Cell Formatting Table Styles Paste BIU Cells Editing Clipboard Font Styles A1 fe The following information is for FloorCo, Inc. for the year just ended: A B D E G 1 The followng information is for FloorCo, Inc. for the year just ended: 3 Beginning of 4 End of year year 5 Current assets: Cash 75,000 $ 90,000 7. Accounts receivable 158,000 140,000 8 Inventory 285,000 246,000 9. Prepaid expenses 11,000 16,000 10 11 Current liabilities 12 Accounts payable 284,000 302,000 13 Accrued liabiities 9,500 11,200 14 Income taxes payable 27,000 24,000 15 16 Net income 2$ 94,500 17 18 Accumulated depreciation 19 total credits 45,000 20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule…
Statement of cash flow for the following: The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: 1 Dec. 31, 20Y2 Dec. 31, 20Y1 2 Assets 3 Cash $918,000.00 $964,800.00 4 Accounts receivable (net) 828,900.00 761,940.00 5 Inventories 1,268,460.00 1,162,980.00 6 Prepaid expenses 29,340.00 35,100.00 7 Land 315,900.00 479,700.00 8 Buildings 1,462,500.00 900,900.00 9 Accumulated depreciation-buildings (408,600.00) (382,320.00) 10 Equipment 512,280.00 454,680.00 11 Accumulated depreciation-equipment (141,300.00) (158,760.00) 12 Total assets $4,785,480.00 $4,219,020.00 13 Liabilities and Stockholders’ Equity 14 Accounts payable (merchandise creditors) $922,500.00 $958,320.00 15 Bonds payable 270,000.00 0.00 16 Common stock, $25 par 317,000.00 117,000.00 17 Paid-in capital in…
Statement of Cash Flows—Direct Method The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is as follows: Dec. 31, 20Y6 Dec. 31, 20Y5 Assets Cash $234,050 $216,220 Accounts receivable (net) 84,790 77,660 Inventories 239,340 229,910 Investments 0 89,080 Land 122,770 0 Equipment 264,080 203,280 Accumulated depreciation-equipment (61,820) (54,820) Total assets $883,210 $761,330 Liabilities and Stockholders' Equity Accounts payable $159,860 $149,980 Accrued expenses payable 15,900 19,790 Dividends payable 8,830 6,850 Common stock, $10 par 47,690 37,310 Excess of paid-in capital over par 179,290 103,540 Retained earnings 471,640 443,860 Total liabilities and stockholders’ equity $883,210 $761,330 The income statement for the year ended December 31, 20Y6, is as follows: Sales $1,406,850 Cost of merchandise sold 579,300 Gross…
Statement of Cash Flows—Direct Method The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is as follows: Dec. 31, 20Y6 Dec. 31, 20Y5 Assets Cash $277,770 $258,990 Accounts receivable (net) 100,630 93,020 Inventories 284,060 275,390 Investments 0 106,700 Land 145,700 0 Equipment 313,410 243,490 Accumulated depreciation-equipment (73,370) (65,660) Total assets $1,048,200 $911,930 Liabilities and Stockholders' Equity Accounts payable $189,720 $179,650 Accrued expenses payable 18,870 23,710 Dividends payable 10,480 8,210 Common stock, $10 par 56,600 44,680 Paid-in capital: Excess of issue price over par-common stock 212,780 124,020 Retained earnings 559,750 531,660 Total liabilities and stockholders’ equity $1,048,200 $911,930 The income statement for the year ended December 31, 20Y6, is as follows: Sales $1,566,470 Cost of…
Statement of Cash Flows for the following: The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: 1 Dec. 31, 20Y8 Dec. 31, 20Y7 2 Assets 3 Cash $95,000.00 $110,000.00 4 Accounts receivable (net) 260,000.00 280,000.00 5 Inventories 520,000.00 450,000.00 6 Prepaid expenses 15,000.00 5,000.00 7 Equipment 1,130,000.00 800,000.00 8 Accumulated depreciation-equipment (235,000.00) (190,000.00) 9 Total assets $1,785,000.00 $1,455,000.00 10 Liabilities and Stockholders’ Equity 11 Accounts payable (merchandise creditors) $100,000.00 $75,000.00 12 Mortgage note payable 0.00 500,000.00 13 Common stock, $10 par 500,000.00 200,000.00 14 Paid-in capital in excess of par—common stock 400,000.00 100,000.00 15 Retained earnings 785,000.00 580,000.00 16 Total liabilities and…
O A https://prod.reader-ui.prod.mheducation.com/epub/sn_710f1/data-uuid-be8dbaUcb8ea w -> Aa く > 三 P20-2 Cash flow statement under indirect method (L LO 20-1, L LO 20-2, LO 20-3, E LO 20-4) The Barden Corporation's comparative balance sheets for 20X1 and 20X0 are presented below. Barden Corporation Table Summary: Row 1 is a header and spans columns 2 and 3. Rows 3, 12, and 17 are subheaders and contain data only in column 1. Balance Sheets December 31, Increase (Decrease) Assets Cash $ 337,000 $246,000 Accounts receivable, net 420,000 280,000 140,000 Marketable securities 0000 -0- Inventories Land 650,000 250,000 Plant and equipment 1,160,000 1,266,000 (106,000) Less: Accumulated depreciation (200,000) Total assets $2,922,000 $2,432,000 $ 490,000 Liabilities and Stockholders' Equity Liabilities: Accounts payable 000 099 $ $ 500,000 $160,000 Accrued wages 520,000 Long-term bonds (due 7/1/20X8) 260,000 360,000 Total liabilities 1,460,000 1,380,000 80,000 Stockholders' equity: Common…
Statement of cash flows for the following: The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 1 Dec. 31, 20Y3 Dec. 31, 20Y2 2 Assets 3 Cash $155,000.00 $150,000.00 4 Accounts receivable (net) 450,000.00 400,000.00 5 Inventories 770,000.00 750,000.00 6 Investments 0.00 100,000.00 7 Land 500,000.00 0.00 8 Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (600,000.00) (500,000.00) 10 Total assets $2,675,000.00 $2,100,000.00 11 Liabilities and Stockholders’ Equity 12 Accounts payable (merchandise creditors) $340,000.00 $300,000.00 13 Accrued expenses payable (operating expenses) 45,000.00 50,000.00 14 Dividends payable 30,000.00 25,000.00 15 Common stock, $4 par 700,000.00 600,000.00 16 Paid-in capital in excess of par—common stock 200,000.00…
Statement for cash flow for the following: The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is as follows: 1 Dec. 31, 20Y3 Dec. 31, 20Y2 2 Assets 3 Cash $155,000.00 $150,000.00 4 Accounts receivable (net) 450,000.00 400,000.00 5 Inventories 770,000.00 750,000.00 6 Investments 0.00 100,000.00 7 Land 500,000.00 0.00 8 Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (600,000.00) (500,000.00) 10 Total assets $2,675,000.00 $2,100,000.00 11 Liabilities and Stockholders’ Equity 12 Accounts payable (merchandise creditors) $340,000.00 $300,000.00 13 Accrued expenses payable (operating expenses) 45,000.00 50,000.00 14 Dividends payable 30,000.00 25,000.00 15 Common stock, $4 par 700,000.00 600,000.00 16 Paid-in capital in excess of par—common stock 200,000.00…
X vog /webapps/blackboard/execute/displaylearningUnit?course_id=_15367_18content_id=_1799353_18. Complete the following problem on an EXCEL spreadsheet. PA9.) Use the following excerpts from Yardley Company's financial information to prepare a statement of cash flows (indirect method) for the year 2018. 2018 Income Statement Balance Sheets $ 455,000 (221,500) Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Gain on Sale of Plant Assets Net Income (24,000) 23,500 174,400 (o09'es) Dec. 31, 2018 Cash $321,450 39,750 Accounts Receivable Inventory Accounts Payable Accrued Liabilities 000'EE 00S'E Dec. 31, 2017 $133,500 yse) Accounts Receivable Inventory Accounts Payable Accrued Liabilities 00s'9E 000'SE 19,550 00z Additional information: Plant assets were sold for $40,000; book value $16,500 Dividends of $25,000 were declared and paid 73"F Sunny
How do you calculate a statement of Cash Flows using the below details: Maple Group Ltd Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/Decrease Assets Cash and cash Equivalent $ 51,500.00 $ 45,400.00 $ 6,100.00 Accounts Receivable $ 51,100.00 $ 61,400.00 $ 10,000.00 Inventories $ 61,400.00 $ 51,900.00 $ 9,500.00 Fixed Assets, net $ 160,000.00 $ 110,000.00 $ 50,000.00 Total Assets $ 324,000.00 $ 268,700.00 $ 55,600.00 Liabilities Accounts Payable $ 35,450.00 $ 27,800.00 $ 7,650.00 Accrued liabilities $ 31,000.00 $ 37,550.00 -$ 6,550.00 Long-term notes payable $ 60,000.00 $ 78,540.00 -$ 18,540.00 Stockholders Equity: Common Stock $ 143,050.00 $ 105,110.00 $ 37,940.00 Retained Earnings $ 54,800.00 $…
docs.google.com/forms/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1 Paused Consider the following statement of cash flows for Fattal Group company. (in millions) Cash flows from operating activities (CFO): Net income Adjustments to reconcile net income to CFO: 2015 2014 $5,800 $3,300 Depreciation and amortization Deferred income taxes Stock-based compensation (Increase) decrease in operating assets and liabılities: Accounts receivable 550 360 10 (580) 590 170 (380) (6,900) (1,960) (480) (490) Inventories Other current assets 410 Accounts payable Income taxes payable Accrued liabilities 700 690 250 140 (290) 970 170 1.090 Net CFO Cash flows from investing activities: Purchases of property and equipment Acquisitions Net cash used by investing activities Cash flows from financing activities: Proceeds from common stock sales Repayment of short-term line of credit Repayment of long-term debt | Net cash provided by financing activities Net increase in cash…
REQUIREDUse the information provided below to prepare the Cash Flow Statement for the year ended 30 June 2020.INFORMATIONThe information given below was extracted from the books of Siyakha Limited for the financial year ended30 June 2020.1. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE:2020R2019RASSETSProperty, plant and equipment (See note to the financial statements below.) 14 826 000 13 998 000Inventory 1 539 000 1 638 000Accounts receivable 6 243 000 4 572 000Bank 861 000 480 00023 469 000 20 688 000EQUITY AND LIABILITIESOrdinary Share Capital 9 300 000 8 220 000Retained Income 2 031 000 1 701 000Loan: OVS Bank 8 100 000 5 940 000Accounts payable 3 795 000 3 549 000Company tax payable 150 000 564 000Dividends payable 93 000 714 00023 469 000 20 688 0002. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020RDepreciation on Vehicles 1 233 000Depreciation on Equipment 1 083 000Operating profit 3 801 000Interest on Loan 1 404 000Profit before tax 2 397 000Profit after tax…

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

SEE MORE TEXTBOOKS