An analysis of the general ledger accounts indicates that

Assignment Help Accounting Basics
Reference no: EM13481636

An analysis of the general ledger accounts indicates that office equipment, which cost $67,000 and on which accumulated depreciation totaled $22,500 on the date of sale, was sold for$38,600 during the year. Using this information, indicate the items to be reported on the statement of cash flows.

Reference no: EM13481636

Questions Cloud

What is the present value of 200000 to be paid at the end : a. what is the present value of 200000 to be paid at the end of 10 years assuming an 8 interest rate?b. what is the
How would the following errors affect the account balances : accounting errors-transaction errors how would the following errors affect the account balances and the basic
Prepare general entries in books of consigner and consignee : q no.1 on 1st january 2009 white of quetta consignedto green of karachi goods for sale. green is entitled to
The table below contains data on fincorp inc the balance : the table below contains data on fincorp inc. the balance sheet items correspond to values at year-end of 2010 and 2011
An analysis of the general ledger accounts indicates that : an analysis of the general ledger accounts indicates that office equipment which cost 67000 and on which accumulated
Compute trend percentages for the following items taken : compute trend percentages for the following items taken fromthe financial statements over a five year period. treat
You have just started work for warren co as part of the : you have just started work for warren co. as part of the controllers group involved in current financial reporting
On april 1 10000 shares of 5 par common stock wereissued at : on april 1 10000 shares of 5 par common stock wereissued at 22 and on april 7 5000 shares of 50 par preferredstock were
Sky king company sold 9 million of four year 8 debentures : sky king company sold 9 million of four year 8 debentures on july 1 2007. the bonds sold to yield a real rate of 7.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much in dollars does timberland have to sale

Assume the Company requires income of $14,000, how much in dollars does Timberland have to sale to achieve $14,000 profit?

  Interest in a limited liability company

In june 2009, joanne invested for a 20% interest in a limited liability company in which she is a material participant. The LLC reported losses of $340,000 in 2009 and $180,000 in 2010. Joanne's share of the LLC's losses was $68,000 in 2010 and $3..

  Parking as an optional feature of the membership

At what price, if at all, should Tom and Lynda offer valet parking as an optional feature of the membership? Justify with supporting calculations.

  Calculate the total dollar amount of discount

Calculate the total dollar amount of discount or premium amortization during the first year (5/1/04 through 4/30/05) these bonds were outstanding. (Show computations and round to the nearest dollar.)

  Describe and discuss the standards and rulings

Go to a website that discusses FASB, SEC, IFRS, and/or IASB. Describe and discuss the standards and rulings that are being contemplated through pending discussion drafts and exposure documents of FASB and IASB.

  Which of the following is true regarding the evaluation of

which of the following is true regarding the evaluation of projects?sunk costs should be includederosion effects should

  Worthington company purchased a machine on january 1 2008

worthington company purchased a machine on january 1 2008 for 3600000. at the date of acquisition the machine had an

  Financial statements of ansbro corporation follow cash

financial statements of ansbro corporation follow cash dividends were 14. the company did not dispose of any property

  Basis of ashley partnership interest

The land contributed by Ashley was encumbered by a $40,000 nonrecourse debt. Assume the partners share debt equally. Immediately after the formation, the basis of Ashley's partnership interest is:

  Prepare a three-year horizontal analysis of the income

prepare a three-year horizontal analysis of the income statement and balance sheet of a selected company. discuss the

  Decision-based costing-minnetonka corporation

The Minnetonka Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year.

  Estimate the revenue, expense, and gross profit

How should A.J. Smith recognize revenue on the extended warranty contracts?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd