Refer to page 580, Exercise 11-10, Prepare the statement of cash flow using the indirect method.Edit View Insert Format Tools Table12pt vParagraph vBIUA画O words</>MacBook ProQ Search or enter website name#3$&3478.ERYUFGH JK< (O 580CHAPTER 11 Statement of Cash FlowsE11-11 PortCalculate operatingactivities-indirectmethod (LO11-3)decrease in inventory of $37,000, and an increase in accounts payable of $45.000Required:operating cash flows? What might this imply?Prepare a statementof cash flows-indirectare provided below:method (LO11-3, 11-4,11-5)PLASMA SCREENS CORPORATIONBalance SheetsDecember 31, 2021 and 20202021not aleed o ane to ma trowo2020AssetsCashAccouInventPrepaCurrent assets:$ 108,900$ 126,800Cash82,000Accounts receivableInventory105,0006,00097,00089,0003,000Prepaid rentLong-term assets:LandIncom530,000530,000EquipmentAccumulated depreciationTotal assets830,000(438,000)$1,223,900720,000(288,000)$1,277,800RequiPreparthe incLiabilities and Stockholders' EquityCurrent liabilities:E11-1$ 109,000$ 94,000Accounts payableInterest payableIncome tax payableLong-term liabilities:Notes payableStockholders' equity:unless6,90013,800а. Аb. Ac10,0006,000c. Dr115,000230,000d. Lae. ACommon stock750,000750,000f. Ag. Nh. Ai. ARetained earningsTotal liabilities and stockholders' equity233,000$1,223,900184,000$1,277,800benupaRecAdditional Information for 2021:Cal1. Net income is $79,000.oniteogoE112. The company purchases $110,000 in equipment.3. Depreciation expense is $150,000. ni ns 0004. The company repays $115,000 in notes payable.bebol(-o borom000.052ReCaclaE15. The company declares and pays a cash dividend of $30,000.lupeRequired:SawollPrepare the statement of cash flows using the indirect method.

Name: Refer to page 580, Exercise 11-10, Prepare the statement of cash flow
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Description: Refer to page 580, Exercise 11-10, Prepare the statement of cash flow using the indirect method.Edit View Insert Format Tools Table12pt vParagraph vBIUA画O words MacBook ProQ Search or enter website name#3$&3478.ERYUFGH JK< (O 580CHAPTER 11 Stateme

There are mainly two methods of finding Income from Operation: Direct Method Indirect Method

Business

Accounting

rent assets: ash ccounts receivable ventory repaid rent g-term assets: and quipment ccumulated depreciation $ 108,900 $ 12 82,000 105,000 6,000 530,000 830,000 5. 7. (438,000) $1,223,900 $1,2 Total assets ilities and Stockholders' Equity ent liabilities: Counts pavable 2$ $ 109,000 2$

rent assets: ash ccounts receivable ventory repaid rent g-term assets: and quipment ccumulated depreciation $ 108,900 $ 12 82,000 105,000 6,000 530,000 830,000 5. 7. (438,000) $1,223,900 $1,2 Total assets ilities and Stockholders' Equity ent liabilities: Counts pavable 2$ $ 109,000 2$

Quickbooks Online Accounting

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ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 3.5C

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Prepare a statement of cash flows using the indirect method Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri A A Paste Conditional Format as Formatting Table- Styles- BIU- Alignment Number Cell Cells Editing Clipboard Font Sty es Al Note: To complete the assignment, go to the worksheet tab labeled Cash Flow INNOVATION ELECTRONICS, INC. Balance Sleel AL December 31 20X2 20X) Assets Current assets- Cash 184.420 S 68.700 134.500 33.540 11 Accounts receivable 3.D00 12 Inventory 2.980 Prepaid insurance 14 Long term assets: Investments 4.560 211100 208.500 213.0010 120100 Land 255.000 Equipment Accumulated deprecistion 18 (117.50) (101.500. 19 20 Tatal assets 395.600 717/506 22 Liabilities and Stockholders Equity 24 Curren! liabiities: Accounts payable Interest payable Income tax payable 28 Long teTm abi ies: Nates payable 30 Stckhalders equity 23 26.500 S 81000 2.300 32.500 25 3,000 30.200 26 27 29 255J00 242000 230.000 130.000 Comman stack 273.000 32 Retained…
1 of 2 On December 21 2017. Wildhorse Co. purchased $730,000 of commercial paper from Voight, Inc. The commerc paper matures January 14, 2018. Currency and coin on hand amounted to $10,446, A money market fund account held at Rogers, Inc. (a mutual fund organization) permits Wildhorse Co. to write chee on the full account balance, which was $930,000 at December 31, 2017. Wildhorse Co. has agreed to maintain a cash balance of $200,000 at all times at First National Bank of Alexander to ensure future credit availability. The balance in Wildhorse Co's petty cash fund is $400. During December 2017, Wildhorse Co. made travel advances to employees totaling $30,000 for executive travel that 9. 10. will occur during the first quarter of 2018. The employees will not reimburse the company for the advance, but are required to spend the funds on company-related travel and to submit receipts. The company received an LO.U. trom Stiller LLP, a company customer, on December 12. 2017. in the amount of…
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
1/1 CengageNOWv2 | Online teachin X ow.com/ilrn/takeAssignment/takeAssignmentMan.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false The IRR method assumes that cash flows are reinvested at OA. an average of the internal rate of return and the discount rate O B. the internal rate of return OC. the lower of the company's discount rate or internal rate of return OD. the company's discount rate
exercise for finance acc.pdf O File | C:/Users/User/Desktop/FIN%20ACC/exercise%20for%20finance%20acc.pdf (D Page view A Read aloud T Add text V Draw E Highlight 2 Erase of 4 ++ 5 The companu purchases office equipment by cash. Asset Increase Decrease No Effect Liability Increase Decrease No Effect Owner's Equity Increase Decrease No Effect 6 The owner contributes his personal truck to the business. Decrease No Effect Asset Increase Decrease No Effect Liability Increase Decrease No Effect Owner's Equity Increase 5:29 PM O Type here to search IMI 26/10/2021 ENG
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…
HOWV2 |Online teachir X no subject) - morganmcgrew4@ X ywhat are two examples of cash in X ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false * G M * eBook C Show Me How Classifying Cash Flows Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase of investments b. Disposal of equipment Financing C. Payment for selling expenses Investing d. Collection of accounts receivable Operating e. Cash sales f. Issuance of bonds payable Next Check My Work 12:04 PM 12/2/2020 a 1N
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Answered: The fo x b Details | bartleby x b My Questions |b x Post Altendee -2 x FA Midterm Exan X -> File | C:/Users/Wendy/Downloads/FA%20Midterm%20Exam.pdf ME6 Which of the following entries records the payment of an account payable? a) Debit Accounts Payable, credit Cash b) Debit Cash, credit Accounts Payable c) Debit Expense, credit Cash d) Debit Cash, credit Expense ME7 The process of initially recording a business transaction is called: a) Sliding b) Posting c) Journalizing d) Transposing ME8 Which of the following entries for goods sold by cash is correct? a) Cash Dr, AR Cr b) AR Dr, Revenue Cr c) Fees Earned, debit; Cash credit d) Cash, debit; Bank Cr ME9 The verification that the sum of the debits and the sum of the credits in the ledger are equal is called: a) A journal b) A ledger c) Posting Type here to search
G Google 2ND SEM-A x M Inbox - sam X FREE Chegg x b Answered: G Sapphire Cc x b My Questic O Answer San X f (1) Faceboo X + O File C:/Users/NEIDEN/Documents/2ND%20SEM%20MODULE/2ND%20SEM-ACCTG%203.pdf 2ND SEM-ACCTG 3.pdf 24 / 88 110% + What is the cash balance per ledger on December 31? 9. Core Company provided the following data for the purpose of reconciling the cash balance per book with the cash balance per bank statement on December 31: Balance per book 850,000 Balance per bank statement 2,000,000 Outstanding checks, including certified check of P100,000 500,000 Deposit in transit 200,000 December NSF checks, of which P50,000 had been redeposited and cleared on December 27 150,000 Erroneous credit to Core's account, representing proceeds of loan granted to another company 300,000 Proceeds of note collected by bank for Core, net of service charge of P20,000 750,000 What amount should be reported as cash in bank at year-end? 10. Laconic Company received the bank statement for the…
y Bookmarks Profiles Tab Window Help S (201 (2|1 (2 | pon.com/ext/map/index.html?_con=con&external_browser=0&launch ouTube aw 11 Q Required information [The following information applies to the questions displayed below.] :9 F1 Classes N Netflix Expenses LANDMAR prior years follow. Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and For Current Year Ended December 31 Sales revenue 2 Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 2 LANSING COMPANY Income Statement @ At December 31 Accounts receivable Inventory Accounts payable Salaries payable F2 W Utilities payable Prepaid insurance Prepaid rent LANSING COMPANY Selected Balance Sheet Accounts # 3 20 F3 E Dashboard EDU 1011 (2019-F... EDU 1011 (2019-F... G Annotated Bibliog... A Study on the He... $ 4 $ 109,200 000 000 F4 Current Year $ 6,000 2,380 4,800 R 46,000 14,000 22,000 9,400 4,200…