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O'Hura Company had the following information available at the end of 2018: Income Statement For Year Ended December 31, 2018 Sales 110,460 Cost of Goods

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O'Hura Company had the following information available at the end of 2018: Income Statement For Year Ended December 31, 2018 Sales 110,460 Cost of Goods Sold 41,950 Gross Profit 68.510 Operating Expenses: Depreciation 9,200 Salaries 22,810 Insurance 950 12,400 Utilities 5,950 Total Operating Expenses 51,310 Operating Income 17,200 Other Expenses/Losses: Gain on Sale of Plant Assets 1,600 Loss on Sale of Investments Interest Expense 720 530 Income Before Taxes 17.730 Income Tax Expense 3.930 Net Income 13.800 Rent 350 The following additional information is available: a. Cash dividends of $5,500 were declared and paid. b. Investments costing $5,200 were sold for $4,850 cash. c. Plant assets costing $53,700 were purchased by paying $33,700 in cash and signing a $20,000 note payable for the balance. d. Common stock with a par value of $5,000 was issued for $6,200 cash. e. Plant assets costing $18,200 with accumulated depreciation of $14,100 were sold for $5,700 cash. f. Bonds payable with a face value of $8,000 were issued for $8,000 cash. g. $7,200 of the long-term notes payable were paid. REQUIRED: A Complete a set of cash flow T-accounts using the indirect method of computing cash flows from operations B. On the formal cash flow statement, what would be the following amounts? 1. Net Cash Flows from Operating Activities 2. Net Cash Flows from Investing Activities 3. Net Cash Flows from Financing Activities 4. Net Increase (or Decrease) in Cash C. What additional disclosures (if any) would be required on the formal cash flow statement? 1. E. Complete a set of cash flow T-accounts using the direct method of computing cash flows from operations On the formal cash flow statement, what would be the following amounts? 1. Net Cash Flows from Operating Activities 2. Net Cash Flows from Investing Activities 3. Net Cash Flows from Financing Activities 4. Net Increase (or Decrease) in Cash the formal cash flow statement? What additional disclosures Gif a would be required on the formal cash flow statem . INDIRECT: Beg OPERATING: CASH 2,750 Accounts Receivable 1,685 Merchandise Invento Beg 4,170 Beg End 830 End 6,580 Prepaid Insurance 840 Investments 9,750 Beg End 650 End 4.550 Plant Assets 32,270 Accum. Depr. 8,460 Beg Bes End 67,770 3.560 End Accounts Payable Salaries Payable 3.155 Beg 720 INVESTING: 4,340 End 270 End Income Taxes Payable 410 Long-Term Notes Payabk 7,200 Beg 1560 End 20,000 End FINANCING: Bonds Payable Common Stock 15,000 Beg 18,000 20,000 End APIC 4.200 Retained Earnings 12,320 Beg End 2,370 5.400 End 20,620 End DIRECT: Beg Accounts Receivable 1.685 Merchandise Inventory 4.1701 Beg Beg OPERATING: ash Recipes From Cash Payments For: End 8301 End 6,580 Prepaid Insurance 840 Investments 9,750 Beg End 650 End 4,550 Beg Plant Asset 32,270 Accum. Depr. 8,460 Beg End 67,770 3.560 End Accounts Payable 3,155 Beg Salaries Payable 720 Beg INVESTING: 14,340 End 270 End Income Taxes Payable 410 Long-Term Notes Payable 7,200 Beg 1560 20.000 End FINANCING: Bonds Payable Common Stock 15.000 18.000 20,000 End APIC 4,200 Retained Earnings 12,320 Bey End 2,3701 5,400 20,620 End

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