Answered step by step
Verified Expert Solution
Question
1 Approved Answer
do both. cash flow using indirect method 2009 $34137 660 34797 CostPlus Company Income Statements 2008 Net Sales $31621 Membership Fees 543 Total Revenue 32164
do both.
cash flow using indirect method
2009 $34137 660 34797 CostPlus Company Income Statements 2008 Net Sales $31621 Membership Fees 543 Total Revenue 32164 Operating expenses Merchandise Costs 28322 SG&A 2615 Depreciation 190 Interest Expense Total Operating Expenses 31166 Interest Income 54 Taxable Income Taxes 421 Net Income $631 30598 2966 241 32 33837 39 43 1052 1003 401 $602 CostPlus Company Balance Sheets 2008 Cash 5602 Short-term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Net Fixed Assets Other Assets Total Assets $524 48 175 2490 233 3470 4834 330 $8634 325 2739 212 3883 5827 380 $10090 2728 2197 422 160 615 Accounts Payable Accrued Salaries Accrued Taxes Other Current Liabilities Notes Payable Total Current Liabilities Long-term Debt Deferred Income Taxes and Other Liab. Minority Interest Stockholder's Equity Total Liabilities and Equity 483 153 554 194 4112 859 120 3404 791 90 109 4240 $8634 116 4883 $10090 2. Calculate values to complete the table for the ratios for CostPlus in 2009. points) 1. Compile a statement of cash flows for Cost Plus using the indirect method. 2009 $34137 660 34797 CostPlus Company Income Statements 2008 Net Sales $31621 Membership Fees 543 Total Revenue 32164 Operating expenses Merchandise Costs 28322 SG&A 2615 Depreciation 190 Interest Expense Total Operating Expenses 31166 Interest Income 54 Taxable Income Taxes 421 Net Income $631 30598 2966 241 32 33837 39 43 1052 1003 401 $602 CostPlus Company Balance Sheets 2008 Cash 5602 Short-term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Net Fixed Assets Other Assets Total Assets $524 48 175 2490 233 3470 4834 330 $8634 325 2739 212 3883 5827 380 $10090 2728 2197 422 160 615 Accounts Payable Accrued Salaries Accrued Taxes Other Current Liabilities Notes Payable Total Current Liabilities Long-term Debt Deferred Income Taxes and Other Liab. Minority Interest Stockholder's Equity Total Liabilities and Equity 483 153 554 194 4112 859 120 3404 791 90 109 4240 $8634 116 4883 $10090 2. Calculate values to complete the table for the ratios for CostPlus in 2009. points) 1. Compile a statement of cash flows for Cost Plus using the indirect method Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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