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Company A wants you to compute their free cash flow. They provide you with the following information: cash dividends $100, stock dividends 100 shares, sales of plant assets $50, cash flows from investing activities $475, purchase of plant assets $175, cash flow from operating activities $450. What would you tell them?
(Closing Entries for a Corporation) Presented below are selected account balances for Kirby Co. as of December 31, 2014. Prepare closing entries for Kirby Co. on December 31, 2014.
What is the effect and placement of the entries in requirement 1 on Rylander's earnings as reported on the income statement? What is the effect and placement of the entries in requirement 1 on the statement of cash flows?
Cash with beginning balance of $21,000, Investments with a beginning balance of $59,000, Due from state government with a beginning balance of 109,000, Accounts Payable 9,000, Total Fund Beginning Balance 180,000, Revenues INTERGOVERNMENTAL, Revenues..
crane mechanics acquired 75 percent of downey enterprises on march 31 2005 for 3645000.downeys book value at that date
Botanic Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales returns extends 60 days. On February 10, 2018, a customer purchases $4,000 of products (cost $2,000). Assuming that based on..
Analyse and provide detailed comments on the direct labour expense for the year ended 28 February 2009 in comparison to the budget and Discuss, with reasons, whether or not you agree with the Production Director's view that the direct labour expens..
Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $132,000 with a $16,000 residual value and a 10-year life. The equipment will replace one employee who has an average wage ..
Sammie and her two children, ages 8 and 10, lived with her boyfriend, Dominick, for all of 2014. The children are not Dominick’s children but he provided all of their support. He can claim them as dependents because they are not the qualifying childr..
Identify the total current assets and the total current liabilities of your company and calculate the current ratio for the most current two year ends. What does this tell you about the company?
Perform an audit for Rodriguez & Co. after the client's year-end. Due to time limitations
Tara Westmont, the stockholder of Tiptoe Shoes, Inc., had annual revenues of $203,000, expenses of $112,700, The Company paid $25,200 cash in dividends to the owner (sole stockholder). The retained earnings account before closing had a balance of $31..
Trans Western Airlines is considering a proposal to initiate air service between Phoenix, Arizona, and Las Vegas, Nevada. The route would be designed primarily to serve the recreation and tourist travelers who frequently travel between the two cities..
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