Construct daniels distributings statement of cash flows

Assignment Help Financial Accounting

Reference no: EM131206586

The following items were gathered from Daniels Distributing’s general ledger: Purchase of marketable securities $ 201,500 Depreciation and amortization expense 31,580 Declaration of preferred dividends 8,090 Decrease in Prepaid Assets 3,920 Gain on sale of equipment 5,300 Net income 431,000 Beginning Cash balance 43,820 Proceeds from loan 124,700 Payment for purchase of equipment 81,005 Increase in Accounts Receivable 16,790 Stock-based compensation 179,000 Proceeds from issuing common stock 24,500 Increase in Inventory 14,863 Decrease in Accounts Payable 13,610 Ending Cash balance 505,452 Using the indirect method, construct Daniels Distributing’s statement of cash flows. (If amount decreases cash flow then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000).) Daniels Distributing Statement Of Cash Flow $ $ Net cash by activities Net cash by activities Net cash by activities $ LINK TO TEXT Question Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER Copyright © 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved.

Reference no: EM131206586

Questions Cloud

Definition of critical thinking : According to the article, Critical Thinking as Defined by the National Council for Excellence in Critical Thinking,

Draw a graph of r against x : X is the decrease in concentration of A or B as a result of the reaction. What are the condition for the rate to be a maximum for the rate to be a maximum or a minimum? Draw a graph of r against X, and noting that r and X can not to be negative, i..

Determining the type of environment : In what type of environment do you do your best writing? How would you characterize your writing? Has it been better? Has it been worse? Do you write better at night or in the morning?

How psychology has impacted these aspects : A description of the educational levels required and recommended (i.e. what can a MA level forensic psychologist do, versus a Doctorate level professional). Different roles that a forensic psychologist can take. This can include roles in the court..

Construct daniels distributings statement of cash flows : The following items were gathered from Daniels Distributing’s general ledger: Purchase of marketable securities $ 201,500 Depreciation and amortization expense 31,580 Declaration of preferred dividends 8,090. Using the indirect method, construct Dani..

What you found interesting about cultural event experience : Identify one specific concept you learned in the course that surprised and/or intrigued you. Explain how you will use it in your personal life and/or career?

Identify the portion of curve that corresponds to reality : Draw a graph of r against X, and noting that r and X can not to be negative, identify the portion of curve that corresponds to reality.

Statement of cash flows-net cash by activities : The following items were gathered from Rindt Industries’ general ledger: Sale of marketable securities $ 14,020 Depreciation and amortization expense 23,822 Rindt Industries Statement of Cash Flows $ $ Net cash by activities Net cash by activities N..

Evaluate trends in demand over time : Evaluate trends in demand over time and explain their impact on the industry and the firm. You should consider including annual sales figures for the product your firm sells.

User Account

All Pages