Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
could you help me for problem CF-4 and CF-5 Thank you required CF-4 =How much cash was paid for purchases to be presented in the
could you help me for problem CF-4 and CF-5 Thank you
required CF-4 =How much cash was paid for purchases to be presented in the statement of cash dlow of the year using direct method?
CF-4. Royal Company provided the following data for the current year Sales Cost of goods sold Operating expenses $ 10.000.000 5.300.000 3.800.000 Dec. 31 Jan. 1 Prepaid operating expenses Accounts payable Inventory Accounts receivable 700.000 100. 1.200.000 1.000.000 1.350.000 2.500.000 EnM 2.100.000pay 1.400.000 1.375.000 Required: How much cash was paid for purchases to be presented in the statement of cash year using direct method? flow CF-5. Dat ta below were taken from the comparative trial balance of Miramar Company. The books kept on the accrual basis. Included in Miramar's expenses are depreciation of $200.000 an amortization of $100,000. 2016 2015 4.500.000 20.000 8.000.000 100.000 7.500.000 500.0u0 25.000.000 150.000 15.000.000 1.000.000 2.000.000 Accounts receivable Interest receivable Inventories Prepaid insurance Accounts payable Accrued experises Net sales interest revenue Cost of goods sold Insurance expense Other expenses 5.000.000 50.000 9.000.000 50.000 7.000.000 3C0.000 Required: How much is the cash paid for expenses during the current year? niStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started