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Cash (Summary Form) Balance, Jan. 1 6,420 Receipts from customers 367,910 Payments for goods 204,910 Dividends on stock investmenm 5,290 Payments for operating expenses 138,170 Proceeds from sale of equipment 37,770 Interest paid 10,680 Proceeds from issuance of Taxes paid 7,880 bonds payable 290,260 Dividends paid 76,740 Balance, Dec. 31 269,270 What amount of net cash provided (used) by nancing activities should be reported in the statement of cash ows? Net cash E] by nancing activities $ The Taccounts for Equipment and the related Accumulated DepreciationEquip. for Coldsmith Company at the end of 2014 are shown here. Beg. bal. 215,280 Disposals 59,202 Acquisitions 111,946 End. bal. 268,024 Disposals 13,724 Beg. bal. 119,750 Depr. exp. 32,292 End. bal. 138,318 In addition, Coldsmith Company's income statement reported a loss on the disposal of plant assets of $9,419. What amount was reported on the statement of cash ows as \"cash flow from sale of equipment\"? Cash ow from sale of equipment $1 l Click if you would like to Show Work for this question: Open Show Work Exerclse 12-2 An analysis of comparative balance sheets, the current year's Income statement, and the general ledger accounts of Judd Corp. uncovered the following Items. Assume all Items Involve cash unless there Is Information to the contrary. Indicate how each Item should be classied In the statement of cash ows using these four major classications: operating actlvlty (indirect method), Investing activity, nancing activity, and signicant noncash Investing and nancing activity. (a) Payment of interest on notes payable. (b) Exchange of land for patent. (c) Sale of building at book value. (d) Payment of dividends. (e) Depreciation. (0 Conversion of bonds into common stock. (9) Receipt of interest on notes receivable. (h) Issuande of capital stock. (i) Amortization of patent. (j) Issuance of bonds for land. (k) Purchase of land. (m) Loss on disposal of plant assets. A v A v 9 9 9 9 9 9 A v 9 A (I) Receipt of dividends on Investment In stock. 9 _A\" A (n) Retirement of bonds. Cosi Company reported net income of $220,440 for 2014. Cosi also reported depreciation expense of $40,360 and a loss of $5,090 on the disposal of plant assets. The comparative balance sheet shows an increase in accounts receivable of $15,640 for the year, a $18,280 Increase In accounts payable, and a $5,740 increase In prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method. (Show amouns that decrease cash ow with either a - sign e.g. 45,000 or In parenthesis 2.9. (15,000).) COS! COM PANV Partial Stamina!\" of Cash Flows For the Year Ended December 31 , 2014 :1 [2 $1 Adjustments to reconcile net income to Cllck if you would Ilke to Show Work for Ihls questlon: Open Show Work Information for two companies in the same industry, Patton Corporation and Sager Corporation, is presented here. Net cash provided by operating activities $ 79,320 $100,780 Average current liabilities 50,600 100,890 Average total liabilities 179,130 249,070 Net income 199,270 199,270 Capital expenditures 40,430 69,440 Dividends paid 5,190 10,170 Using the cash-based measures presented compute the liquidity and solvency of the two companies. (Round ratios to 2 decimal places, e.g. 2.56.) quuidity - Current cash debt coverage times times Solvency , Cash debt coverage times times Free cash ow The 2014 accounting records of Regan Transport reveal these transactions and events. Payment of interest 5 21,060 Payment \"salaries and $ 111,618 wages Cash sales 101,088 Depreciation expense 33,696 Receipt of dividend revenue 37,908 Proceeds from sale 0f 1,710,072 vehicles Payment of income taxes 25,272 Siam\" 0f equipment for 46,332 Net income 80,028 Loss on sale of vehicles 6,318 Payment for merchandise 204,282 Payment of dividends 29,484 Payment for land 155,844 Payment Of operating 58,968 expenses Collection of accounts 410,670 receivable Prepare the cash flows from operating activities section using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. 45,000 or in parenthesis e.g. (15,000).) Royall Transpnrt Statement of Cash FlowsDirect Method For the Year 2014 Sales revenue $7,798,400 Cost of goods sold Beglnnlng inventory $2,385,600 Purchases 4 356 300 Goods available for sale 5,771,900 Ending inventory 1 619 300 Total cost of goods sold 5 152 100 Gross prot 2,546,300 Operatlng expenses Selling expenses 492,100 Admlnlstratl've expenses 711 400 1 203 500 Net income El 442 800 Additional information: 1. Accoums reoelvable decreased $429,700 during the year, and inventory decreased $765,300. 2. Prepaid expenses increased $150,700 during the year. 3. Accoum payable to suppliers of merchandise decreased $354,700 during the year. 4. Accrued expenses payable decreased $107,000 during me year. 5. Admlnlsli'atlve expenses Include depreclallcn expense of $150,400, Prepare the operating acti ties section of the statement or cash ows for the year ended November 30, 2014, for Paxson Company, using the indirect method. (Show "mum: that decrease cash ow with either a - slyn e.y. 45,000 or in parenthesis e.y. (15,000).) FAXSON COMPANV Partial slamment uf Cash Flows For the Year Ended November 30, 2014 :1 :J s Adjustmems to reconcile net income to :] L :J :J (9] :1 The income statement of Paxson Company is presented here. Sales revenue $7,666,000 Cost of goods sold Beginning inventory $2,368,000 Purchases 4 493,600 Goods available for sale 6,861,600 Ending inventory 1 409 500 Total cost of goods sold 5,452 100 Gross prot 2,213,900 Operating expenses Selling expenses 442,100 Administrative expenses 750,200 1,192 300 Net Income $1,021,600 Additional information: Accounts receivable decreased $402,500 during the year, and inventory decreased $958,500. Prepaid expenses increased $152,900 during the year. Accounts payable to suppliers of merchandise decreased $358,400 during the year. Accrued expenses payable decreased $109,100 during the year. Administrative expenses include depreciation expense of $150,300. 9'99?!\" Prepare the operating activities section of the statement of cash ows using the direct method. (Show amounts that decrease cash ow with either a - sign e.g. 45,000 or in parenthesis e.g. (15,000).) PAXSON COMPANY Partial Statement of Cash Flows For the Year Ended November 30, 2014 click if you would like to Show Work for this question: Open Show Work Problem 12-7A [Part Level sunmussuon) Presented below are the nancial statements of Kurtzel Company. KURTZEL COMPANY Comparative Balance Sheets December 31 Cash $ 109,375 $ 62,500 Accounts receivable 62,500 43,750 Inventory 87,500 62,500 Property, plant, and equipment 187,500 243,750 Accumulated depreciation (100,000) (75,000) Total $346,875 $337,500 Accounts payable 5; 59,375 $ 46,875 Income taxes payable 21,875 25,000 Bonds payable 53,125 103,125 Common stock 56,250 43,750 Retained earnings 156,250 118,750 Total $346,875 $337,500 Sales revenue $756,250 Cost of goods sold 546 875 Gross prot 209,375 Selling expenses $56,250 Administrative expenses 18,750 75,000 Income from operations 134,375 Interest expense 9 375 Income before income taxes 125,000 Income tax expense 25 000 Net income 100 000 Additional data: 1. Depreciation expense was $54,687. 2. Dividends declared and paid were $62,500. 3. During the year equipment was sold for $26,563 cash. This equipment cost $56,250 originally and had accumulated depreciation of $29,687 at the time of sale. r-w 'u .H For the Year Ended December 31, 2014 I 0 $ Adjustments to reconCIle net Income to V at Y Y Y _ Y V V Y Y Y _ V V Y :1 as Click if vou would like to Show Work for this auestion: ODen Show Work