The chief accountant for Grandview Corporation provides you with the company’s 2021 statement of cash flows and income statement. The accountant has asked for your help with some missing figures in the company’s comparative balance sheets. These financial statements are shown next ($ in millions). GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities:               Collections from customers $ 134           Payment to suppliers   (44 )         Payment of general & administrative expenses   (34 )         Payment of income taxes   (25 )         Net cash flows from operating activities         $ 31   Cash Flows from Investing Activities:               Sale of investments           81   Cash Flows from Financing Activities:               Issuance of common stock   15           Payment of dividends   (6 )         Net cash flows from financing activities           9   Net increase in cash         $ 121       GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2021 Sales revenue       $ 144   Cost of goods sold         48   Gross profit         96   Operating expenses:             General and administrative expense $ 34         Depreciation expense   26         Total operating expenses         60   Operating income         36   Other income:             Gain on sale of investments         20   Income before income taxes         56   Income tax expense         13   Net income       $ 43       Required: 1. Calculate the missing amounts. 2. Prepare the operating activities section of Grandview’s 2021 statement of cash flows using the indirect method.

Your examination of the records of a company that follows the cash basis of accounting tells you that the company’s reported cash-basis earnings in 2022 are $37,007. If this firm had followed accrual-basis accounting practices, it would have reported the following year-end balances.     2022   2021 Accounts receivable   $3,740   $3,080 Supplies on hand   1,430   1,603 Unpaid wages owed   2,200   2,640 Other unpaid expenses   1,540   1,210 Determine the company’s net earnings on an accrual basis for 2022. Net earnings on an accrual basis for 2022

Required information [The following information applies to the questions displayed below.] Portions of the financial statements for Parnell Company are provided below. For the Revenues and gains: Sales Cost of goods sold Gain on sale of building Expenses and loss: Salaries Insurance Depreciation PARNELL COMPANY Income Statement Income tax expense Year Ended December 31, 2021 ($ in thousands) Interest expense Loss on sale of equipment Income before tax Net income $ 820 10 $310 122 42 125 52 13 $830 664 166 83 $ 83

i did most part, not sure if its correct. how do i find the cash at the begining of the year? i got $ -5500 as net decraese in cash

Audio City, Incorporated, is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized below: Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses Net Income Additional Data: a. Bought equipment for cash, $67,000. b. Paid $12,000 on the long-term notes payable. c. Issued new shares of stock for $24,000 cash. Current Year $ 45,100 12,600 18,400 211,000 (51,000) $ 236,100 JA OPOFF00 $ 7,400 2,100 57,000 88,000 81,600 $ 236,100 $ 182,000 84,000 51,000 $ 47,000 Previous Year $ 51,800 17,000 17,000 144,000 (39,000) $ 190,800 $ 17,800 1,000 69,000 64,000 39,000 $ 190,800 d.…

Selected Information taken from the financial statements of Verbeke Co. for the year ended December 31, 2019, follows: Gross profit General and administrative expenses Net cash used by investing activities Dividends paid Interest expense Net sales Advertising expense Accounts payable Income tax expense Other selling expenses $414,000 83,000 105,000 50,000 63,000 745,000 75,000 103,000 81,000 41,000 Required: a. Calculate Income from operations (operating Income) for the year ended December 31, 2019. Income from operations Net income b. Calculate net income for the year ended December 31, 2019.

P4-4A. Preparing the Financial Statements Listed below are items reported on the financial statements of the Huntington Company as of June 30:   Prepare a classified balance sheet as of June 30 and statement of cash fows for the current year.

During Year 1, Chung Corporation earned $4,800 of cash revenue and accrued $2,500 of salaries expense. Required Based on this information alone: a. Prepare the December 31, Year 1, balance sheet. b. Determine the amount of net income that Chung would report on the Year 1 income statement. c. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Accounting Equation Based on this information alone: (Not all cells require input. Enter any decreases to account balances with a minus sign.) CHUNG CORPORATION Accounting Equation - Year 1 Assets = Liabilities + Salaries Payable Cash Event Earned revenue Accrued salaries Ending balance Req A Req B and C = = 0 = 0 + + + Stockholders' Equity Retained Earnings Common Stock + + + 0 + 0

The following is selected information from L corporation for the fiscal year ending October 21, 2022: Cash received from customers Revenue recognized Cash paid for expenses Cash paid for computers on Nov. 1, 2021 that will be used for 3 years Expenses incurred including any depreciation Proceeds from a bank loan, part of which was used to pay for the computers O $224,000 $254,000 Based on the accrual basis of accounting, what is L corporation's net in some for the year ending October 31, 2022? $208,000 $300,000 440,000 170,000 $270,000 48,000 216,000 100,000