Cassandra Corporation?s comparative balance sheets are presented below. Additional information:1. Net income was $18,300. Dividends declared and
Question:
Cassandra Corporation?s comparative balance sheets are presented below.
Additional information:1. Net income was $18,300. Dividends declared and paid were $16,400.2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300.3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.Instructions(a) Prepare a statement of cash flows for 2012 using the indirect method.(b) Compute free cashflow.
Transcribed Image Text:
CASSANDRA CORPORATION Comparative Balance Sheets December 31 2012 2011 $ 15,200 $ 17,700 Cash Accounts receivable 25,200 22,300 Investments 20,000 16,000 Equipment Accumulated depreciation-equipment 60,000 70,000 (10,000) (14.000) $106,400 $116,000 Total $ 14.600 10,000 $ 11,100 Accounts payable Bonds payable Common stock Retained earnings 30,000 50,000 45.000 31.800 29,900 $106.400 $116.000 Total
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a CASSANDRA CORPORATION Statement of Cash Flows For the Year Ended December 31 2012 Cash flow...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Rodriquez Corporation's comparative balance sheets are presented below Additional information: 1. Net income was $18,300. Dividends declared and paid were $16,400. 2. Equipment which cost $10,000 and...
-
Cassandra Corporations comparative balance sheets are presented below. Additional information: 1. Net income was $18,300. Dividends declared and paid were $14,600. 2. Equipment which cost $10,000 and...
-
Depreciation expenses have no effect on cash flows and, therefore, are not relevant in capital expenditure analysis. Do you agree? Why or why not?
-
Assess the following statement: Although many investors may be irrational, it is unlikely that over time they will behave irrationally in exactly the same way such as always buying stocks the day...
-
a. Consider a bullish spread option strategy using a call option with a $25 exercise price priced at $4 and a call option with a $40 exercise price priced at $2.50. If the price of the stock...
-
Use a graph to estimate the coordinates of the lowest point on the curve x = t3 - 3t, y = t2 + t + 1. Then use calculus to find the exact coordinates.
-
Convert \(\frac{240}{53}\) to a mixed number. Do the indicated conversion. If it is a repeating decimal, use the correct notation.
-
Southeast Soda Pop, Inc., has a new fruit drink for which it has high hopes. John Mittenthal, the production planner, has assembled the following cost data and demand forecast: Quarter Forecast 1...
-
1. Abt Associates starts the year with $1,900 of supplies. During the year 2019, the company purchases supplies totaling $3,760 on account. At the end of the year, the company counts the am...
-
An aqueous solution contains 2.8 mM of total ions. Part A If the solution is NaCl(aq), what is the concentration of chloride ion? Express your answer as a concentration to two significant figures. 15...
-
Here are comparative balance sheets for Syal Company. Additional information:1. Net income for 2012 was $103,000.2. Cash dividends of $45,000 were declared and paid.3. Bonds payable amounting to...
-
Comparative balance sheets for Erisa Magambo Company are presented below. Additional information:1. Net income for 2012 was $125,000.2. Cash dividends of $60,000 were declared and paid.3. Bonds...
-
Cisco, Inc. has a proposal from the Engineering Planning Division to invest some of the Cisco retained earnings in the design, testing, and development of the next generation of smart grids useful in...
-
Explain whether you agree or disagree with the following statement: A floater whose quoted margin equals the markets required margin trades at par regardless of the path the reference rate takes in...
-
By definition, ______________ conflict occurs between groups at the same organisational level. a. horizontal b. vertical c. functional d. process
-
CardioMed Inc. is a manufacturer of wearable heart monitoring products that automatically detect, record, and transmit abnormal heart rhythms for up to thirty days. In one accounting period the firm...
-
What is the impact on interest rate risk of including a cap and/or floor in the coupon structure?
-
The more a conflict escalates, the ___________ it is to reverse. a. easier b. more difficult c. more fun d. simpler
-
Explain the working principal of a shaper.
-
The following items were displayed in the statement of affairs for Lubbock Company: Fully secured liabilities ......... $90,000 Partially secured liabilities ....... 12,000 Unsecured liabilities...
-
The K eq for the equilibrium below is 0.112 at 700.0 C. What is the value of K eq at this same temperature for the following reaction? SO(8) + 1/2O(g) SO3(8)
-
The Mixing Department manager of Malone Company is able to control all overhead costs except rent, property taxes, and salaries. Budgeted monthly overhead costs for the Mixing Department, in...
-
The Mixing Department manager of Malone Company is able to control all overhead costs except rent, property taxes, and salaries. Budgeted monthly overhead costs for the Mixing Department, in...
-
Deitz Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Instructions (a) Compute the missing amounts. Show...
-
Exercise2 (10 points) Background readings: Chapter 2 For the below graph, and using the data information in it, create a data table in order to organize data for processing by computers or for...
-
The market has a standard deviation of 25% whereas the stock XYZ has a standard deviation of 30%. The correlation coefficient between the stock return and the market return is 0.7. The beta of stock...
-
GM (a US MNC) borrows MXN 2 million for two years at an interest rate of 7.64% per annum. The current exchange rate is MXN31.32/USD. Alternatively, the subsidiary could have borrowed the...
Study smarter with the SolutionInn App