Refer to the information below for CakePops Inc.a. Calculate the profit or loss for 2023.b. What caused common shares to change during 2023? Show your calculations.c. What caused the change in notes payable during 2023?d. Do share dividends affect the statement of cash flows? Explain your answer.CakePops Inc.Comparative Balance Sheet InformationCashAccounts receivable (net)Machinery (net)Franchise (net)Accounts payableNotes payable, long-termCommon sharesRetained earnings**$10 of share dividends were declared and distributed during 2023.Page 1180December 3120232022$ 25$51520300262200655270301609065115

Balance Sheet is a type of financial statement that shows the financial position of the entity. It…

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Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter3: Financial Statements, Tools, And Budgets

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Attached below is the Balance Sheet of GoodWorld Incorporated Company. Calculate the WACC for the company by using the capital Structure value from the balance sheet. Use the format below to answer your question. Capital Structure 1.Common Stock 2.Preferred Stock 3.Loans / LT debt /Bond 4.Retained Earnings Total ASSETS Current Assets Cash and Cash Equivalents Accounts Receivable Inventory Prepaid Expenses Investment Total Current Assets Amount in Balance Sheet Calculate the WACC: Balance Sheet of GoodWorld Incorporated Company Good World Incorporated Balance Sheet 31-Dec-22 Property & Equipment Land Buildings Equipment Less: Accumulated Depreciation Other Assets Intangible Assets Less: Accumulated Amortization Total Assets $'000 200,000 30,000 20,000 10,000 20,000 280,000 120,000 450,000 100,000 -30,000 40,000 -10,000 Cost 950,000 12% 10% 14% 12% Proposition LIABILITIES & SHAREHOLDERS EQUITY Current Liabilities Accounts Payable Notes Payables Accrued Expenses Deferred Revenue Total…
1. Calculate the number of shares outstanding for the company and the market price per share at the end of 2020.2. Calculate the cash flow from operations, net capital spending, and the change in NWC to calculate the cash flow from assets. Then, calculate the cash flow to creditors and cash flow to shareholders to calculate the cash flow from assets from the “uses” side and confirm that the cash-flow identity is satisfied.
Which of the following items could appear in a company's cash flow statement? O 1 and 3. 1. Proposed dividends. 2. Rights issue of shares. 2 and 4. 1 and 4. 3. Bonus issue of shares 4. Repayment of loan. 2 and 3
Which of the following statements concerning the balance sheet is TRUE? a. Ob. C. Operating cash flow (OCF) should be the cash available to creditors. Assets on the balance sheet must be listed in the order in which they are repaid. Changes in depreciation expense affect a firm's cash position. d. The balance sheet shows the prices at which each individual investor purchased the company's stocks and bonds.
To find out the total amount of dividends distributed by the company, one should refer to Choices; cash flow statement. income statement. statement of changes in equity. balance sheet.
The value of anything can be determined if you know the amount and timing of related: Net Earnings EBT Cash Flows Earnings Per Share (EPS)
You work as a freelance accounting professional and have been recently engaged by the auditors of Life-Positive Inc. for an assignment. In examining the company's records, you have extracted the following information: Life-Positive's Account 2021 ($) Balances Accounts Payable 24,600.00 21,250.00 Accounts receivable 15,700.00 12,340.00 2022 ($) Cash 23,450.00 28,600.00 Cost of goods sold 19,700.00 23,000.00 Depreciation 3,090.00 4,590.00 Dividends 5,800.00 10,800.00 2,890.00 Inventory 7,050.00 8,640.00 Long-term debt 28,000.00 30,000.00 Net fixed assets 41,500.00 48,000.00 Other expenses 2,400.00 2,800.00 Interest 2,340.00 Sales 58,000.00 62,500.00 Short-term Notes Payable 2,890.00 2,340.00 The tax rate is 32% Shares outstanding 85,000.00 90,000.00
I need help with these please. F. Record transfer of net income to retained earnings. G. Record issue of stock dividend H. Record declaration of cash dividend. I. Record payment of cash dividend.
MAKE UP PRINCIPLES OF ACCOUNTI.. -> ? Which of the following is a fixed asset .3 )2 نقطة( Sum of money borrowed from the bank Marketable securities Shares Fixtures Which of the following situations .4 ? represents an increase in an asset )2 نقطة( Paid cash to a customer Receipt of equity shares Receipt of cash from a customer Payment of dividend to shareholders
The statement of financial position of Trend, Inc. is presented below. These are the only accounts in Trend's statement of financial position. Amounts indicated by question mark (?) can be calculated from the additional information given Cash Accounts rereivahle(net) Inventory Property. Dant and equipment (net ota LIabilitieS and Stockholders Equity Accounts Davable trade Income taxes Davable (current) Long-term debt Common stock Retained earnings Total Additional Information Gurrent ratio (at vear end) Total liabilities divided by total stockholders' equity 25,000 294,000 432,000 25.000 300.000 slavento turnover based on sales and ending inventor Inventor turnover based on cost of goods sold and ending inventory Gross margin for the year 1,5 to 1 0.8 15 times 10.5 times P315,000 What was rend' balance in trade accounts payable at year-end? What was Trend's balance in retained earnings at year-end? Was rends Dalance in the inventory account at year-end? The balance of Accounts…
Cash dividends declared out of current earnings were distributed to an investor. How will the investors investment account be affected by those dividends under each of the following accounting methods?
Owners equity represents which of the following? A. the amount of funding the company has from issuing bonds B. the sum of the retained earnings and accounts receivable account balances C. the total of retained earnings plus paid-in capital D. the business owners/owners share of the company, also known as net worth or net assets

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