Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Carr Company's comparative balance sheet and income statement for last year appear below:
Statement of Financial Position
Ending
Beginning
Balance
Cash
$ 3,000
$ 23,000
Accounts receivable
83,000
71,000
Inventory
39,000
47,000
Prepaid expenses
9,000
15,000
Long-term investments
240,000
200,000
Plant and equipment
515,000
480,000
Accumulated depreciation
(320,000)
(295,000)
Total assets
$569,000
$541,000
Accounts payable
$ 9,000
$ 25,000
Accrued liabilities
24,000
17,000
Taxes payable
16,000
21,000
Bonds payable
160,000
Deferred taxes
33,000
25,000
Common stock
170,000
140,000
Retained earnings
157,000
113,000
Total liabilities and owners' equity
Income Statement
Sales
$850,000
Less cost of goods sold
450,000
Gross margin
400,000
Less operating expenses
270,000
Net operating income
130,000
Less income taxes
Net income
$ 91,000
The company declared and paid $47,000 in cash dividends during the year.
Required:
Construct in good form the operating activities section of the company's statement of cash flows for the year using the direct method.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd