The following data are available for Springer Corporation Net income 380,000 Depreciation expense 60,000 Dividends paid 90,000 Gain on disposal of land 15,000 Decrease in accounts receivable 30,000 Decrease in accounts payable 45,000 Net cash provided by operating activities is Graham Company uses a periodic inventory system Details for the inventory account for the month of January, 2020 are as follows Units Per unit price Total Balance, 1 1 20 400 $5 00 $2,000 Purchase, 1 15 20 200 5 30 1,060 Purchase, 1 28 20 200 5 50 1,100 An end of the month (1 31 20) inventory showed that 240 units were on hand If the company uses FIFO, what is the value of the ending inventory A $1,200 B $1,312 C $2,848 D $1,040 Kendrick Corporation was organized on January 2, 2020 During 2020, Kendrick issued 20,000 shares at $32 per share, purchased 4,000 treasury shares at $26 per share, and had net income of $500,000 What is the total amount of equity at December 31, 2020

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The following data are available for Springer Corporation. Net income 380,000 Depreciation expense 60,000 Dividends paid 90,000 Gain on disposal of land 15,000 Decrease in

The following data are available for Springer Corporation.

Net income 380,000

Depreciation expense 60,000

Dividends paid 90,000

Gain on disposal of land 15,000

Decrease in accounts receivable 30,000

Decrease in accounts payable 45,000

Net cash provided by operating activities is:

Graham Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows:

Units Per unit price Total

Balance, 1/1/20 400 $5.00 $2,000

Purchase, 1/15/20 200 5.30 1,060

Purchase, 1/28/20 200 5.50 1,100

An end of the month (1/31/20) inventory showed that 240 units were on hand. If the company uses FIFO, what is the value of the ending inventory?

A.
$1,200

B.
$1,312

C.
$2,848

D.
$1,040

Kendrick Corporation was organized on January 2, 2020. During 2020, Kendrick issued 20,000 shares at $32 per share, purchased 4,000 treasury shares at $26 per share, and had net income of $500,000. What is the total amount of equity at December 31, 2020?