Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please make sure it's right. will rate Amama Health Foods, Inc. reported the following comparative balance sheets for 2018 and 2017 and the income Assume

please make sure it's right. will rate
image text in transcribed
image text in transcribed
image text in transcribed
Amama Health Foods, Inc. reported the following comparative balance sheets for 2018 and 2017 and the income Assume that Brookside Hideaway is considering buying a Brookside Hideaway requests the folowing statement for 2018 cash flow data for 2018. There were no cash investing and financing activities (Click the loon to view the balance sheets) Click the icon to view the cash flow data requested (Click the loon to view the income statement Provide the requested det. Show your work a. Colections from customers Rework the basic accounts receivable formula to solve for collection Begin by selecting the formula Ther, enter the mounts to solve for collections from customers ( Aviation Acts receivable) Collections Beginning Ending AR Payments Purchases Sie Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clew All Check Answer of 2 pts 5 of 5 (0 complete) Income Statement - 1 Balance Sheets ma Bro financin Arnama Health Foods, Inc. Income Statement Year Ended December 31, 2018 Arnama Health Foods, Inc. Comparative Balance Sheets December 31, 2018 and 2017 $ 189,000 3,000 2017 used: A $ 192,000 Sales revenue Gain on sale of equipment Total revenue and gains Cost of goods sold Depreciation expense Other operating expenses Total expenses Income before income tax 87.000 22,000 35,000 Cash Accounts receivable Inventories Prepaid expenses Equipment, net 2018 30,000 $ 19,000 39,000 8,000 83,000 13,000 8,000 22,000 35,000 9,000 72,000 13,000 144,000 Intangible assets Total assets $ 192,000 $ 159.000 48,000 14.400 Income tax expense Print Done Print Dono Previous ative balance sheets for 2018 and 2017 and the income Assume that Brookside Hideaway is considering buying Arr cash flow data for 2018. There were no noncash investing an requested.) X Cash flow data requested a. collections b. bers. (Abbreviatio c. d. e Collections from customers. Cash payments for inventory. Cash payments for other operating expenses. Cash payment for income tax. Cash received from the sale of equipment. Arnama paid $45,000 for new equipment during the year. Issuance of common stock. Issuance of notes payable. Arama paid off $23,000 during the year. Cash dividends. There were no stock dividends. f. g h. Print Done ut fields and then click Check Answer. Clear All Amama Health Foods, Inc. reported the following comparative balance sheets for 2018 and 2017 and the income Assume that Brookside Hideaway is considering buying a Brookside Hideaway requests the folowing statement for 2018 cash flow data for 2018. There were no cash investing and financing activities (Click the loon to view the balance sheets) Click the icon to view the cash flow data requested (Click the loon to view the income statement Provide the requested det. Show your work a. Colections from customers Rework the basic accounts receivable formula to solve for collection Begin by selecting the formula Ther, enter the mounts to solve for collections from customers ( Aviation Acts receivable) Collections Beginning Ending AR Payments Purchases Sie Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clew All Check Answer of 2 pts 5 of 5 (0 complete) Income Statement - 1 Balance Sheets ma Bro financin Arnama Health Foods, Inc. Income Statement Year Ended December 31, 2018 Arnama Health Foods, Inc. Comparative Balance Sheets December 31, 2018 and 2017 $ 189,000 3,000 2017 used: A $ 192,000 Sales revenue Gain on sale of equipment Total revenue and gains Cost of goods sold Depreciation expense Other operating expenses Total expenses Income before income tax 87.000 22,000 35,000 Cash Accounts receivable Inventories Prepaid expenses Equipment, net 2018 30,000 $ 19,000 39,000 8,000 83,000 13,000 8,000 22,000 35,000 9,000 72,000 13,000 144,000 Intangible assets Total assets $ 192,000 $ 159.000 48,000 14.400 Income tax expense Print Done Print Dono Previous ative balance sheets for 2018 and 2017 and the income Assume that Brookside Hideaway is considering buying Arr cash flow data for 2018. There were no noncash investing an requested.) X Cash flow data requested a. collections b. bers. (Abbreviatio c. d. e Collections from customers. Cash payments for inventory. Cash payments for other operating expenses. Cash payment for income tax. Cash received from the sale of equipment. Arnama paid $45,000 for new equipment during the year. Issuance of common stock. Issuance of notes payable. Arama paid off $23,000 during the year. Cash dividends. There were no stock dividends. f. g h. Print Done ut fields and then click Check Answer. Clear All

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Online Auditing Tool Towards A Generic Approach To Audit Business Processes Of An Information System On The Fly

Authors: Bhawna Mallic, Kopal Gakkhar

1st Edition

3838395115, 978-3838395111

More Books

Students also viewed these Accounting questions

Question

manageremployee relationship deteriorating over time;

Answered: 1 week ago