Please do not give solution in image format thanku The two independent cases are listed below:Case ASales RevenueCost of Goods SoldGross ProfitDepreciation ExpenseSalaries and Wages ExpenseNet IncomeAccounts ReceivableInventoryAccounts PayableSalaries and Wages PayableYear 2$ 10,1005,1901,9004,910 2,6001,1001,600 1,1002,210255705710955Case BYear 2 Year 1$20,100 $13,50011,1908,9101,100 1,0504,1003,760660685890385Changes in Assets and LiabilitiesYear 1$4,500Adjustments to Reconcile Net Income to NetCash Provided by Operating Activities4003104106551,110Show the operating activities section of the statement of cash flows for year 2 using the indirect method.(Amounts to be deducted should be indicated with a minus sign.)Case A7,7205,7801,0504,100$630555710945440Case

CASH FLOW STATEMENTCash flow statement provides additional information to user of financial…

The two independent cases are listed below: Case A Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Year 2 $ 10,100 5,190 1,900 4,910 2,600 1,100 1,600 2,210 255 705 710 955 Year 1 $4,500 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities 1,100 1,100 400 310 410 655 1,110 Case B Year 2 Year 1 $20,100 $13,500 11,190 8,910 1,050 4,100 3,760 660 685 890 385 Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) 7,720 5,780 1,050 4,100 630 555 Case A 710 945 440 Case

The two independent cases are listed below: Case A Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Year 2 $ 10,100 5,190 1,900 4,910 2,600 1,100 1,600 2,210 255 705 710 955 Year 1 $4,500 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities 1,100 1,100 400 310 410 655 1,110 Case B Year 2 Year 1 $20,100 $13,500 11,190 8,910 1,050 4,100 3,760 660 685 890 385 Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) 7,720 5,780 1,050 4,100 630 555 Case A 710 945 440 Case

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 3E: Identify each of the following items relating to sections of an income statement as Revenue from...

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Identify each of the following items relating to sections of an income statement as Revenue from Sales (S), Cost of Goods Sold (CGS), Selling Expenses (SE), General Expenses (GE), Other Income (OI), or Other Expenses (OE). a. Utilities Expense b. Advertising Expense c. Purchases Discounts d. Sales Returns and Allowances e. Interest Income f. Freight In g. Depreciation Expense, Equipment h. Interest Expense i. Rent Expense j. Sales
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INFO FOR QUESTION IN IMAGES Prepare an income statement for the year. Superior Company Income Statement [ ] [ ] [ ] [ ] [ ] Selling and administrative expenses: [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]…
(The given is in the photo.) Required: 1. SHOW THE COMPUTATION OF SM-X NET SALES REVENUE. COST OF GOODS SOLD AND GROSS PROFIT FOR THE YEAR ENDED DEC 31 2020
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