Mosaic Company, Inc. has the following comparative balance sheet as of March 31, 2017 the conto the balance she ) T e cnow the transaction data) in the indirect method for operating cash flows include a schedule of noncashin g and financing of the 1. Prepare the woment of cash flows for Company, Inc. for the year anded March 31, 2017 current acco , c on es t rom ng transactions 2. Ale prepare a mentary schedule of cash flows from operations using the direct method anong at Requirement 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year anded March 31, 2017, using the indirect method for operating cash flows. Include a schedule of noch investing and of the current accounts, except short-term potes payable, result from operating transactions Prepare the statement one section t ime (Use parentheses or a minus sign for numbers to be subtracted) Mosaic Company, Inc. Statement of Cash Flows (Indirect Method) For the Year Ended March 31, 2017 Operating Activities Choose from any son y uber in the input folds and then continue to the next question Mosaic Company, Inc., has the following comparative balance sheet as of March 31, 2017 (Click the icon to view the comparative balance sheets.) (Click the icon to view the transaction data.) Requirements 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year ended March 31, 2017, using the indirect current accounts, except short-term notes payable, result from operating transactions. 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. 77000 Net income Adjustments to reconcile net income to cash basis: Net cash provided by (used for) operating activities Choose from any list or enter any number in the input and then continue to the next question. Mosaic Company, Inc., has the following comparative balance sheet as of March 31, 2017 E: (Click the icon to view the comparative balance sheets.) (Click the icon to view the transaction data.) Requirements 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year ended March 31, 2017, using the indirect current accounts, except short-term notes payable, result from operating transactions. 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. Investing Activities: Proceeds on sale of land Purchase of long-term investment Net cash provided by (used for) investing activities Financing Activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash, beginning of the year Cash, end of the year Choose from any list or enter any number in the input fields and then continue to the next question. Mosaic Company, Inc., has the following comparative balance sheet as of March 31, 2017 (Click the icon to view the comparative balance sheets.) Click the icon to view the transaction data.) Requirements 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year ended March 31, 2017, using the indirect method for operating cash flows. Include a schedule of no current accounts, except short-term notes payable, result from operating transactions. 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. Schedule of Disclosures Noncash investing and financing activities: Total noncash investing and financing activities Requirement 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. (Use parentheses or a minus sign for numbers to be subtracted Mosaic Company, Inc. Statement of Cash Flows Operating Activities Section Direct Method) For the Year Ended March 31, 2017 Operating Activities: Choose from any list or enter any number in the input fields and then continue to the next question 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year ended March 31, 2017, using the indirect metho current accounts, except short-term notes payable, result from operating transactions. 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. Total noncash investing and financing activities Requirement 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. (Use parenthese Mosaic Company, Inc. Statement of Cash Flows-Operating Activities Section (Direct Method) For the Year Ended March 31, 2017 Operating Activities: Net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then continue to the next question. 1 Balance Sheets Transactions Mosaic Company, Inc. Comparative Balance Sheets March 31, 2017 and 2016 2017 2016 Increase (Decrease) Assets Current assets: Cash Accounts receivable Inventory Prepaid Insurance Total current assets 55,100 $ 51,000 65,600 4.000 14,300 $ 53,800 60,200 5.600 40.800 (2.800) 5.400 (1,600) Selected transaction data for the year ended March 31, 2017, include the following a. Net income............. ....................S 77.000 b. Paid long-term note payable with cash ...............$ 60,100 c. Cash payments to employees ....................... 42.400 d. Loss on sale of land .....$ 9.700 e. Acquired equipment by issuing long-term note payable .....$ 14,500 1. Cash payments to suppliers .......................3 147500 9. Cash paid for interest......................................$ 4,000 h. Depreciation expense on equipment .......................$ 13,400 L. Paid short-term note payable by issuing common stock ....$ 4,500 J. Pald cash dividends ....... ........$ 45,800 k. Received cash for issuance of common stock .............$ 3.200 1. Cash received from customers ..................$ 298,800 m. Cash paid for income taxes..... 11.700 n. Sold land for cash...... ... ..............5 51.800 175.700 133,900 Land Equipment, net 35.000 96,500 71,100 70,000 9,800 6,800 $ 291.400 S 307.200 (61,500) 1,100 2.800 Investments Print Done Print Done Balance Sheets Transactions Income tax payable Salary payable Interest payable Accrued liabilities Total current liabilities 13,700 9,000 8,500 2,000 (1,700) (3,100) 15,400 12,100 7,600 3,900 (1,900) 81,200 90,300 48,200 93,800 (45,600) Long-term liabilities Total liabilities 129,400 184,100 a. Net income ............$ 77 000 b. Paid long-term note payable with cash ...............$ 60,100 c. Cash payments to employees ...............$ 42,400 d. Loss on sale of land $ 9,700 6. Acquired equipment by issuing long-term note payable....$ 14,500 f. Cash payments to suppliers .......................$ 147,500 9. Cash paid for interest................................$ 4,000 h. Depreciation expense on equipment....................$ 13,400 1. Paid short-term note payable by issuing common stock .... $ 4,500 1. Paid cash dividends........... ...............$ 45,800 k. Received cash for issuance of common stock ............$ 3,200 1. Cash received from customers ......................$ 298,800 m. Cash paid for income taxes ............................$ 11,700 n. Sold land for cash............................... .....$ 51,800 o. Interest received (in cash).........................3 1.300 p. Purchased long-term investment for cash ................. 2,800 Stockholders' equity Common stock 69,600 61,900 92,400 61,200 162,000 $ 123,100 7,700 31,200 Retained earnings Total stockholders' equity $ $ 291,400 $ 307,200 Total liabilities and equity Print Done Print Done Mosaic Company, Inc. has the following comparative balance sheet as of March 31, 2017 the conto the balance she ) T e cnow the transaction data) in the indirect method for operating cash flows include a schedule of noncashin g and financing of the 1. Prepare the woment of cash flows for Company, Inc. for the year anded March 31, 2017 current acco , c on es t rom ng transactions 2. Ale prepare a mentary schedule of cash flows from operations using the direct method anong at Requirement 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year anded March 31, 2017, using the indirect method for operating cash flows. Include a schedule of noch investing and of the current accounts, except short-term potes payable, result from operating transactions Prepare the statement one section t ime (Use parentheses or a minus sign for numbers to be subtracted) Mosaic Company, Inc. Statement of Cash Flows (Indirect Method) For the Year Ended March 31, 2017 Operating Activities Choose from any son y uber in the input folds and then continue to the next question Mosaic Company, Inc., has the following comparative balance sheet as of March 31, 2017 (Click the icon to view the comparative balance sheets.) (Click the icon to view the transaction data.) Requirements 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year ended March 31, 2017, using the indirect current accounts, except short-term notes payable, result from operating transactions. 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. 77000 Net income Adjustments to reconcile net income to cash basis: Net cash provided by (used for) operating activities Choose from any list or enter any number in the input and then continue to the next question. Mosaic Company, Inc., has the following comparative balance sheet as of March 31, 2017 E: (Click the icon to view the comparative balance sheets.) (Click the icon to view the transaction data.) Requirements 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year ended March 31, 2017, using the indirect current accounts, except short-term notes payable, result from operating transactions. 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. Investing Activities: Proceeds on sale of land Purchase of long-term investment Net cash provided by (used for) investing activities Financing Activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash, beginning of the year Cash, end of the year Choose from any list or enter any number in the input fields and then continue to the next question. Mosaic Company, Inc., has the following comparative balance sheet as of March 31, 2017 (Click the icon to view the comparative balance sheets.) Click the icon to view the transaction data.) Requirements 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year ended March 31, 2017, using the indirect method for operating cash flows. Include a schedule of no current accounts, except short-term notes payable, result from operating transactions. 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. Schedule of Disclosures Noncash investing and financing activities: Total noncash investing and financing activities Requirement 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. (Use parentheses or a minus sign for numbers to be subtracted Mosaic Company, Inc. Statement of Cash Flows Operating Activities Section Direct Method) For the Year Ended March 31, 2017 Operating Activities: Choose from any list or enter any number in the input fields and then continue to the next question 1. Prepare the statement of cash flows for Mosaic Company, Inc., for the year ended March 31, 2017, using the indirect metho current accounts, except short-term notes payable, result from operating transactions. 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. Total noncash investing and financing activities Requirement 2. Also prepare a supplementary schedule of cash flows from operations using the direct method. (Use parenthese Mosaic Company, Inc. Statement of Cash Flows-Operating Activities Section (Direct Method) For the Year Ended March 31, 2017 Operating Activities: Net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then continue to the next question. 1 Balance Sheets Transactions Mosaic Company, Inc. Comparative Balance Sheets March 31, 2017 and 2016 2017 2016 Increase (Decrease) Assets Current assets: Cash Accounts receivable Inventory Prepaid Insurance Total current assets 55,100 $ 51,000 65,600 4.000 14,300 $ 53,800 60,200 5.600 40.800 (2.800) 5.400 (1,600) Selected transaction data for the year ended March 31, 2017, include the following a. Net income............. ....................S 77.000 b. Paid long-term note payable with cash ...............$ 60,100 c. Cash payments to employees ....................... 42.400 d. Loss on sale of land .....$ 9.700 e. Acquired equipment by issuing long-term note payable .....$ 14,500 1. Cash payments to suppliers .......................3 147500 9. Cash paid for interest......................................$ 4,000 h. Depreciation expense on equipment .......................$ 13,400 L. Paid short-term note payable by issuing common stock ....$ 4,500 J. Pald cash dividends ....... ........$ 45,800 k. Received cash for issuance of common stock .............$ 3.200 1. Cash received from customers ..................$ 298,800 m. Cash paid for income taxes..... 11.700 n. Sold land for cash...... ... ..............5 51.800 175.700 133,900 Land Equipment, net 35.000 96,500 71,100 70,000 9,800 6,800 $ 291.400 S 307.200 (61,500) 1,100 2.800 Investments Print Done Print Done Balance Sheets Transactions Income tax payable Salary payable Interest payable Accrued liabilities Total current liabilities 13,700 9,000 8,500 2,000 (1,700) (3,100) 15,400 12,100 7,600 3,900 (1,900) 81,200 90,300 48,200 93,800 (45,600) Long-term liabilities Total liabilities 129,400 184,100 a. Net income ............$ 77 000 b. Paid long-term note payable with cash ...............$ 60,100 c. Cash payments to employees ...............$ 42,400 d. Loss on sale of land $ 9,700 6. Acquired equipment by issuing long-term note payable....$ 14,500 f. Cash payments to suppliers .......................$ 147,500 9. Cash paid for interest................................$ 4,000 h. Depreciation expense on equipment....................$ 13,400 1. Paid short-term note payable by issuing common stock .... $ 4,500 1. Paid cash dividends........... ...............$ 45,800 k. Received cash for issuance of common stock ............$ 3,200 1. Cash received from customers ......................$ 298,800 m. Cash paid for income taxes ............................$ 11,700 n. Sold land for cash............................... .....$ 51,800 o. Interest received (in cash).........................3 1.300 p. Purchased long-term investment for cash ................. 2,800 Stockholders' equity Common stock 69,600 61,900 92,400 61,200 162,000 $ 123,100 7,700 31,200 Retained earnings Total stockholders' equity $ $ 291,400 $ 307,200 Total liabilities and equity Print Done Print Done
