Calculations for statement of cash flows

Assignment Help Financial Accounting
Reference no: EM13752014

Calculations for statement of cash flows.?During 2015 equipment was sold for $73,000. This equipment cost $120,000 and had a book value of $72,000. Accumulated depreciation for equipment was $325,000 at 12/31/14 and $310,000 at 12/31/15.?

Instructions-What three items would be shown on a statement of cash flows (indirect method) from this information? Show your calculations?

Reference no: EM13752014

Questions Cloud

Advertise the fitness activities for students at a college : Creating a one-page flyer in a Microsoft Word document. The flyer will advertise the fitness activities for students at a college. There are two categories of fitness activities: Fitness Services and Intramural Sports
Prepare the schedule to reconcile the bank and book balances : Given the following information for Pace Company, derived from the bank reconciliation information for the month of June: Cash Balance per bank statement at June 30 $7,200. Prepare the schedule to reconcile the bank and book balances to the correct b..
Notes recievable : On November 1, 2014, Company N accepted a $10,000, 4 percent, 90 day note from a customer for $10,000 in sales. Interest is payable to Company N at retirement on January 1, 2015. Prepare the journal entries for the following activity on the books of ..
Ready to present the information to the ceo : Using the same scenario from Assignment 1, Supporting Documents, and Assignment 2, you have completed your proposal and are ready to present the information to the CEO and the organization's decision-makers. Use a tablet, smartphone, laptop, desktop,..
Calculations for statement of cash flows : Calculations for statement of cash flows.?During 2015 equipment was sold for $73,000. This equipment cost $120,000 and had a book value of $72,000. Accumulated depreciation for equipment was $325,000 at 12/31/14 and $310,000 at 12/31/15.?
What is your analysis of the process fruit operation : Assignment and Discussion- What is your analysis of the process fruit operation at RP1. Draw a process flow diagram
Calculate the annual lease payment : Hayes Corp. is a manufacturer of truck trailers. On January 1, 2014, Hayes Corp. leases ten trailers to Lester Company under a six-year non cancelable lease agreement. What type of lease is this for the lessor? Discuss. Calculate the annual lease pay..
The role of privacy and security in health information : The role of privacy and security in health information and The three security standards:technical,physical and administrative standards
Benefits of the planning stage for managers : Discuss one to two (1-2) benefits of the planning stage for managers. Next, describe your planning process at work or school. Your response should include how you know when you need to develop a plan, how long you take to plan for a project or work r..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the total paid-in capital

Determine the Total paid-in capital and total stockholders equity - Number of common stock shares outstanding.

  Prepare journal entry and ledger entry

Prepare General Journal entry, General Ledger entry and Unadjusted Trial Balance.

  Find a healthcare balanced scoreboard

Elements of dashboard reporting. Also you may develop your own or find a healthcare balanced scoreboard and dashboard online.

  Multiple choice questions on construction costing and

multiple choice questions on construction costing and accounting1. indiana co. began a construction project in 2008

  Resulted from lower lifo inventory levels

The following inventory note appears in General Electric’s 2011 annual report. General Electric Company Edited Inventory Note 2011 2010 (millions of dollars) Raw materials and work in process $ 4,894 $ 4,708 Finished goods 4,379 3,951 Unbilled shipme..

  Discuss the apparent differences in order of presentation

Discuss the apparent differences in the order of presentation of the components of liabilities and shareholders' equity between IFRS as applied by British Airways and a typical balance sheet prepared in accordance with U.S. GAAP.

  Huge discounts in order to recover cash flows

Auditors found out that Campbell was delaying expenses to creditors at year end and selling inventories as huge discounts in order to recover cash flows.

  Calculate the cost and selling price

Calculate the cost and selling price of one pound of cashews and one pound of chestnuts and calculate the cost and selling price of one pound of cashews and one pound of chestnuts.

  What is corporate social responsibility

Corporate Social Responsibility is not a luxury anymore, it is a requirement of all firms no matter how big or small.

  Difference in profits between two methods of costingabc

difference in profits between two methods of costing.abc company has one machine on which it can produce either of two

  Compute the payback period

Given the following cash flows compute the payback period

  Determine the minimum transfer price

Evaluate the effect on Rapid Industries' operating profit if the transfer is made internally? Consider the 50,000 units Austin requires are either purchased 100% internally or 100% externally.

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