Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plz help me, which js correct answer,, explain me plz Marigold Corp. has recently decided to go public and has hired you as an independent

plz help me, which js correct answer,, explain me plz image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Marigold Corp. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is andous to have prepared is a statement of cash flows. Financial statements of Marigold Corp. for 2022 and 2021 are provided below. Question 11 of 20 Bonds paryable commonstoek Retained earnings? \begin{tabular}{r} 361000 \\ 203250 \\ 349750 \\ \hline$1441000 \\ \hline \end{tabular} INCOME STATEMENT For the Year Ended December 31,2022 Sales revenue Cott of sales Grossprofit Seling expenses Administrative expenses Income from operations interest expense Income before taxes 11 $02000 218000 $1549000240000 $8420000 12700007150000 $601000 194000475000795000 74000 401000 SUPPORT The following additional data were provided: 1. Dividends for the year 2022 were $191000 2. During the vear, equipment was sold for $240000. This equipment cost $353000 orignally and had a book value of $289000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense catesory. The following additional data were provided. 1. Dividends for the year 2022 were $191000 2. During the year, equipment was sold for $240000. This equipment cost $353000 originally and had a book value of $289000 at the time of sale. The loss on sale was incorrectly charged to cost of sales: 3. All depreciation expense is in the selling expense category The net caup provided by ogerating activities is $210750$300750$251750$422750

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_2

Step: 3

blur-text-image_3

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

14th Edition

978-0132960649, 132960648, 132109174, 978-0132109178

More Books

Students also viewed these Accounting questions