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Lansbury Inc. had the following balance sheet at December 31, 2013. LANSBURY INC. BALANCE SHEET DECEMBER 31, 2013 Cash $23,630 Accounts payable $33,630 Accounts receivable

Lansbury Inc. had the following balance sheet at December 31, 2013.
LANSBURY INC. BALANCE SHEET DECEMBER 31, 2013
Cash $23,630 Accounts payable $33,630
Accounts receivable 21,309 Notes payable (long-term) 44,630
Investments 35,630 Common stock 103,630
Plant assets (net) 81,000 Retained earnings 23,309
Land 43,630 $205,199
$205,199
During 2014, the following occurred.
1. Lansbury Inc. sold part of its investment portfolio for $15,109. This transaction resulted in a gain of $3,509for the firm. The company classifies its investments as available-for-sale.
2. A tract of land was purchased for $21,630cash.
3. Long-term notes payable in the amount of $16,109were retired before maturity by paying $16,109cash.
4. An additional $20,109in common stock was issued at par.
5. Dividends of $8,309were declared and paid to stockholders.
6. Net income for 2014 was $35,630after allowing for depreciation of $11,109.
7. Land was purchased through the issuance of $33,630in bonds.
8. At December 31, 2014, Cash was $32,109, Accounts Receivable was $45,230, and Accounts Payable remained at $33,630.
Prepare a statement of cash flows for 2014.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
LANSBURY INC. Statement of Cash Flows For the Year Ended December 31, 2014
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Increase in Account ReceivableDecrease in Account ReceivableIssuance of Common StockSale of InvestmentsRetirement of Notes PayablePayment of Cash DividendsPurchase of LandNet IncomeGain on Sale of InvestmentsDepreciation Expense $
Adjustments to reconcile net income to
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Purchase of LandNet IncomeRetirement of Notes PayableDepreciation ExpenseIssuance of Common StockPayment of Cash DividendsSale of InvestmentsGain on Sale of InvestmentsIncrease in Account ReceivableDecrease in Account Receivable
Payment of Cash DividendsNet IncomeIssuance of Common StockRetirement of Notes PayablePurchase of LandGain on Sale of InvestmentsIncrease in Account ReceivableDecrease in Account ReceivableDepreciation ExpenseSale of Investments
Net IncomeIssuance of Common StockDepreciation ExpenseGain on Sale of InvestmentsIncrease in Account ReceivableDecrease in Account ReceivableRetirement of Notes PayablePurchase of LandPayment of Cash DividendsSale of Investments
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Net IncomeDepreciation ExpenseGain on Sale of InvestmentsIssuance of Common StockRetirement of Notes PayablePayment of Cash DividendsSale of InvestmentsIncrease in Account ReceivableDecrease in Account ReceivablePurchase of Land
Net IncomeDecrease in Account ReceivableDepreciation ExpenseSale of InvestmentsPayment of Cash DividendsIssuance of Common StockPurchase of LandGain on Sale of InvestmentsRetirement of Notes PayableIncrease in Account Receivable
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Sale of InvestmentsPayment of Cash DividendsIncrease in Account ReceivableGain on Sale of InvestmentsDepreciation ExpenseDecrease in Account ReceivableRetirement of Notes PayablePurchase of LandIssuance of Common StockNet Income
Purchase of LandIssuance of Common StockDepreciation ExpenseRetirement of Notes PayablePayment of Cash DividendsSale of InvestmentsGain on Sale of InvestmentsNet IncomeIncrease in Account ReceivableDecrease in Account Receivable
Retirement of Notes PayableIssuance of Common StockGain on Sale of InvestmentsDecrease in Account ReceivablePayment of Cash DividendsIncrease in Account ReceivableSale of InvestmentsNet IncomePurchase of LandDepreciation Expense
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities $
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Land purchased through issuance of $of bonds
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Prepare an unclassified balance sheet as it would appear at December 31, 2014.(List Assets in order of liquidity.)
LANSBURY INC. Balance Sheet December 31, 2014
Assets
$
$
Liabilities and Stockholders' Equity
$
$
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Compute two cash flow ratios.(Round ratios to 2 decimal places, e.g. 0.62.)
Current cash debt coverage ratio :1
Cash debt coverage ratio :1
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