Explain in detail and solve step by step with explanation.
m CLA2 Turn it in X + X C a gap.westcliff.edu/mod/turnitintooltwo/view.php?id=433965 G F. A - CLA2 Turn it in - Part 1 12 Oct 2020 - 00:00 18 Oct 2020 - 23:59 18 Oct 2020 - 23:59 100 Summary: Please note that participaasa is different man amendance, Please be mindful that online classes are recorded "Contact Technology Department (texture Professor if the Zoom link provided is not working." CLA2 Comprehensive Learning Assessment 2 - CLO1, CLO2, CLO3, CLO4, CLO5, CLO6, CLO7, CLO8 How to Behave in Study Hall | Online Etiquette . Be logged in estre time Dress asprogram your . No cating while you are on camera in study hall, as it may be distracting not a quiet place without distractions or loud background noises An income statement and comparative balance sheets for Julian Corp follows: Click here for Zoom Tutorial Julian Corp. Income Statement Distinguished Innovator Speaker For the Year Ended December 31, 2015 Series Revenues Sales revenue $670,000 Entrepreneurial Opportunities in the Global Outer Space Economy Interest revenue 15,000 Dr. Bidushi Bhattacharya Gain on sale of machine 5,000 THURSDAY 92 OCTOBER CZ 5:00 PM to 6:00 PM PDT Total revenues and gains $690,000 Expenses and losses Click here to REGISTER Cost of goods sold $390,000 Salaries and wages 60,000 Helpful Tips for Online Class Depreciation 40,000 Success Insurance 12,000 Interest 15,000 HELPFUL TIPS FOR ONLINE CLASS SUCCESS Income taxes 50,000 3. Loss on retirement of bonds 3,000 FOR CLASS A 6 Total expenses and losses 570,000 Net income $120,000 ? Help O em A W 3:29 PM 10/17/2020m CLA2 Turn it in X + X + -> C A gap.westcliff.edu/mod/turnitintooltwo/view.php?id=433965 G A Julian Corp Comparative Balance Sheets i December 31 Get The Research 2015 2014 Cash $ 35,000 $ 46,000 Discover 20 million free-to-read scholarly papers, Accounts receivable 63,000 57,000 and understand them with our Al-powered Inventory 84,000 92,000 Explanation Engine. Prepaid insurance 12,000 18,000 Please click HERE to sign up to get early access. Total current assets $194,000 Long-term investments $120,000 $ 90,000 Navigation Land 150,000 100,000 Property and equipment 320,000 280,000 Home Dashboard Accumulated depreciation (100,000) (75,000) Westcliff GAP (Global Academic Portal) Total long-term assets $490,000 $395,000 My courses Total assets $684,000 $608,000 Bachelor of Business (BBA) BUS 311 Concepts of Macroeconomics Accounts payable $ 38,000 $ 31,000 BUS 315 Introduction to Business Writing Salaries and wages payable 7,000 9,000 BUS 325 Introduction to Leadership Income taxes payable 8,000 5,000 BUS 330 Principles of Marketing BUS 340 Introduction to Information Total current liabilities $ 53,000 $ 45,000 System 000 $ 35,0 BUS 335 Principles of Managerial Accounting Bonds payable 200,000 260,000 BUS 335 - PBS- FALL 2020 - Session 1 - Total long-term liabilities $285,000 $295,000 Professor B... Participants Capital stock $100,000 $ 75,000 Badges Retained earnings $246,000 $193,000 A Competencies Total stockholders' equity $346,000 $268,000 Grades General Total liabilities and SE $684,000 $608,000 Before Your Course Begins Help Supplementary Course Materials W 3:29 PM 10/17/2020 CLA2 Turn it in x + (- 9 C i gap.westc|iffedu/mod/turnitintooltwo/view.php?id=433965 Additional Information 1. Longterm investments were purchased for $30,000. The securities are classied as available for sale. 2. Land was purchased by Issuing a $50000 note payable. 3 A machine with an original cost of $35,000 was sold. 4. Bonds with a face value of $60,000 were retired by paying $63,000 in cash. Required 1. Prepare a statement of cash flows for 2015 using the direct method. Include supplemental schedules to report any noncash investing and nancing activities. 2. Piecompute cash flow under operating activity usmg indirect method. (Operating section only) 3. Interpret the result of cash ow statement. 'Please refer to the Grading Criteria for Comprehensive Learning Assessments (CLAs) in the University Policies for specic guidelines and expectations. 3 Refresh Submissions \" Submission Title " Turnitin Paper ID Submitted Similarity Grade
