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Need someone to review my homework that is attached in the excel spreadsheet. Also need help with 16A-37A. I have also attached copies of the
Need someone to review my homework that is attached in the excel spreadsheet. Also need help with 16A-37A. I have also attached copies of the problems I have tried to solve. The excel sheet has multiple tab's handling the requirements.
ROLLING HILLS, INC. Statement of Cash Flows Plant Assets Year Ended December 31, 2015 12/31/2014 107,640 Acquisitions Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation ExpensePlant Assets Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Acquisition of Equipment for Cash Net Cash Used for Investing Activities Cash Flows from Financing Activities: Cash Receipt from Issuance of Common Stock Cash Payment of Notes Payable Cash Payment of Dividends Net Cash Used for Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2014 Cash Balance, December 31, 2015 11,560 Disposed of $97,800 $14,400 -1,200 11,900 -4,900 2,100 22,300 120,100 12/31/2015 122,480 Accumulated DepreciationPlant Assets 17,940 12/31/2014 14,400 Depreciation Expe Disposed of 11,560 20,780 12/31/2015 ($26,400) -26,400 Dividend $23,900 -51,300 -63,900 -90,400 3,300 15,900 $26,400 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities 26,400 $23,600 $23,600 Payment Retained Earnings 6,600 12/31/2014 97,800 Net Income 63,900 40,500 12/31/2015 Notes Payable 101,000 12/31/2014 23,600 Issuance 51,300 73,300 12/31/2015 xpense How will what you learned in this problem help you evaluate an investment? It will help predict future cash flows, evaluate management decisions, and predict the ability to pay debts and dividends.Step by Step Solution
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