Reference no: EM131755691
Question: On the basis of the following data for Conglomerate, Inc. prepare a statement of cash flows for the year ended December 31, 2015, using the indirect method of presenting cash flows from operating activities.
|
Dec. 31, 2015 |
Dec. 31, 2014 |
| Assets |
|
|
| Cash |
$486 |
$158 |
| Accounts Receivable (net) |
280 |
195 |
| Inventories |
172 |
110 |
| Land |
400 |
453 |
| Equipment |
223 |
172 |
| Accumulated depreciation - equipment |
(60) |
(27) |
| Total assets |
$1,501 |
$1,061 |
|
|
|
| Liabilities and Shareholders Equity |
|
|
| Accounts payable |
$180 |
$161 |
| Dividends payable |
32 |
0 |
| Common stock, $10 par |
105 |
45 |
| Additional paid-in capital |
247 |
121 |
| Retained earnings |
937 |
734 |
| Total liabilities and Shareholders Equity |
$1,501 |
$1,061 |
In addition: 1. Land was sold for $120 in the year ended December 31, 2015.
2. Equipment was acquired for cash in the year ended December 31, 2015.
3. There were no disposals of equipment during the year ended December 31, 2015.
4. The common stock issued during the year ended December 31, 2015, was issued for cash.
5. There was a $299 credit to Retained earnings for net income for the year ended December 31, 2015.
6. There was a $96 debit to Retained Earnings for cash dividends declared for the year ended December 31, 2015 (note; not all dividends declared were paid during the year).
|
How much did pedraza corp spend on direct labor
: Cost per WA EUP In October 2013, Pedraza Corp.'s production was 53,600 equivalent units for direct material, 48,800 equivalent units for direct labor.
|
|
Firm using multiple marketing segmentation approaches
: What is good and bad about a firm using multiple marketing segmentation approaches at the same time?
|
|
Describe occupational setting and industrial processes
: Describe the occupational setting, the number of employees, the workers' demographics and the industrial or manufacturing processes that take place.
|
|
Convince nursing home administrators to improve safety
: What could the system do to convince nursing home administrators to improve safety?
|
|
Define indirect method of presenting cash flows
: On the basis of the following data for Conglomerate, Inc. prepare a statement of cash flows for the year ended December 31, 2015, using the indirect method.
|
|
Describing business situation-real or hypothesized
: Write up to three paragraphs describing a business situation, real or hypothesized,
|
|
Optimization vs simulation
: From Supply Chain Logistics Management, Bowersox, Closs, Cooper, & Bowersox, p. 341:
|
|
Discuss direct manufacturing labor efficiency variance
: Provide the manager with some ideas as to what may have caused the efficiency variances
|
|
Estoppel work with regard to contractual agreements
: How does promissory estoppel work with regard to contractual agreements?
|