The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2019: Net cash provided by financing activities Dividends paid Loss from discontinued operations, net of tax savings of $45,400 $116,000 19,800 136,200 Income tax expense Other selling expenses Net sales Advertising expense Accounts receivable Cost of goods sold General and administrative expenses 26,864 11,500 647,100 47,400 60,700 368,847 142,600 Required: a. Calculate the operating income for Manahan Co. for the year ended December 31, 2019. MANAHAN CO. Operating Income Statement For the year ended December 31, 2019 Expenses:

The balance sheets for Mary Company showed the following information. Additional information concerning transactions and events during 2021 are presented below. Mary CompanyBalance Sheet     December 31     2021     2020   Cash   $ 31,209     $ 10,302   Accounts receivable (net)   43,733     20,503   Inventory   35,350     42,420   Long-term investments   0     15,150   Property, plant & equipment   238,865     151,500   Accumulated depreciation   (38,077)   (25,250)     $311,080     $214,625                 Accounts payable   $ 17,170     $ 26,765   Accrued liabilities   21,210     17,170   Long-term notes payable   70,700     50,500   Common stock   131,300     90,900   Retained earnings   70,700     29,290       $311,080     $214,625     Additional data: 1.   Net income for the year 2021, $61,610. 2.   Depreciation on plant assets for the year, $12,827. 3.   Sold the long-term…

Following is the statement of financial position of Crane Industries, Ltd., as at December 31, 2023: Cash Accounts receivable Inventory Land Plant and equipment (net) Current liabilities Warranty liability Common shares Retained earnings Book Value Amount of goodwill $ $54,200 279,600 188,500 103,200 768,100 $1,393,600 $136,700 99,300 663,900 493,700 $1,393,600 Fair Value $54,200 284,900 179,800 129,000 895,400 136,700 131,400 The following day (January 1, 2024), Crane was purchased by Ivanhoe Enterprises Inc. for a lump-sum cash payment of $1.3 million. Calculate the amount of goodwill acquired by Ivanhoe this transaction.

he current sections of Skysong, Inc.’s balance sheets at December 31, 2021 and 2022, are presented here.Skysong’s net income for 2022 was $152,700. Depreciation expense was $27,600.     2022   2021 Current assets            Cash   $107,600   $95,900    Accounts receivable   78,400   89,400    Inventory   167,800   172,100    Prepaid expenses   26,800   22,000       Total current assets   $380,600   $379,400 Current liabilities            Accrued expenses payable   $15,800   $8,600    Accounts payable   84,900   95,500       Total current liabilities   $100,700   $104,100 Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

The following selected data for ABC Corporation for the year ended December 31, 2020, is available to you for preparing the cash flow statement: Cost of goods sold $56,500 Sales revenue $97,300 Amortization expense 14,100 Interest revenue 4,100 Income tax expense 2,300 Dividend revenue

Cadux Candy Company's income statement for the year ended December 31, 2021, reported interest expense of $6 million and income tax expense of $32 million. Current assets listed in its balance sheet include cash, accounts receivable, and inventory. Property, plant, and equipment is the company's only noncurrent asset. Financial ratios for 2021 are listed below. Profitability and turnover ratios with balance sheet items in the denominator were calculated using year-end balances rather than averages Debt to equity ratio Current ratio Acid-test ratio. Times interest earned ratio Return on assets Return on equity Profit margin on sales Gross profit margin (gross profit divided by net sales) Inventory turnover Receivables turnover Assets Current assets Cash CADUX CANDY COMPANY Balance Sheet At December 31, 2021 (All values are in millions) Required: Prepare a December 31, 2021, balance sheet for the Cadux Candy Company. (Enter your answers in millions. Round your intermediate calculations…

Net cash flow from operating activities for 2021 for Vaughn Manufacturing was $497000. The following items are reported on the financial statements for 2021: Depreciation and amortization   $ 31000 Cash dividends paid on common stock   18400 Increase in accounts receivable   35500 Based only on the information above, Vaughn’s net income for 2021 was:

Selected information taken from the financial statements of Verbeke Co. for the year ended December 31, 2019, follows: Gross profit $411,000 General and administrative expenses 81,000 Net cash used by investing activities 105,000 Dividends paid 52,000 Interest expense 62,000 Net sales 743,000 Advertising expense 74,000 Accounts payable 103,000 Income tax expense 82,000 Other selling expenses 42,000   Required:a. Calculate income from operations (operating income) for the year ended December 31, 2019. b. Calculate net income for the year ended December 31, 2019.

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The following Information is available from the accounting records of Manahan Co. for the year ended December 31, 2019: Net cash provided by financing activities Dividends paid Loss from discontinued operations, net of tax savings of $39,700 Income tax expense Other selling expenses Net sales Advertising expense Accounts receivable Cost of goods sold General and administrative expenses Net sales Cost of goods sold Gross profit Expenses: Required: a. Calculate the operating Income for Manahan Co. for the year ended December 31, 2019. Advertising expense General and administrative expenses Operating income MANAHAN CO. Operating Income Statement For the year ended December 31, 2019 b. Calculate the company's net Income for 2019. Net income $ $119,000 18, 200 119,100 $ 27,288 11,500 646,600 47,000 59,300 368,562 141,800 0 0 0