Comment on the adequacy of net cash provided by operating

Reference no: EM13587852

Presented below are selected financial statement items for Preacher Corporation for December 31, 2014.
Inventory    $55,000         Cash paid to purchase equipment        $20,000
Cash paid to suppliers 154,000            Equipment                 40,000
Buildings    400,000           Service revenue           200,000
Common Stock   20,000          Cash received from customers                    162,000
Cash dividends paid                 2,000             Cash received from issuing bonds payable 40,000
Cash at beginning of period 11,000

Instructions

(a) Determine which items should be included in a statement of cash flows, and then prepare the statement for Preacher Corporation.
(b) Comment on the adequacy of net cash provided by operating activities to fund the company's investing activities and dividend payments.

Reference no: EM13587852

Questions Cloud

Name and describe one controltechnology technique for each : answer the following two-part questiona. name and describe one controltechnology technique for each of the below

Explain how the vapor pressure of a compound is related to : question explain how the vapor pressure of a compound is related to the liquid-vapor equilibrium and its equilibrium

Describe the following with examples where necessary : 1. describe regulatory strategies and tactics to air quality control.2. describe the following with examples where

What is the appropriate treatment in an interim financial : what is the appropriate treatment in an interim financial report for variances arising from the use of a standard

Comment on the adequacy of net cash provided by operating : presented below are selected financial statement items for preacher corporation for december 31 2014. inventory

What molarity of aqueous sodium chloride solution can be : question what molarity of aqueous sodium chloride solution can be expected to show the same conductivity as 0.0050 m

Krum marina sells a 42 foot exploratory submersible on : krum marina sells a 42 foot exploratory submersible on october 1 2013 and receives a 790822 non-interest

Briefly explain the disposal of collected material from : 1. describe regulatory strategies and tactics to air quality control.2. describe the following with examples where

The controller peggy kingman is concerned about the : shady lady sells window coverings shades blinds and awnings to both commercial and residential customers. the following

User Account

All Pages