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!
Problem 1
Use the information in the following table to successfully fulfill requirement one listed below:
Acquisition of Equipment = $275,000
Acquisition of Apartment building =S300,000
Dividends paid=10,000
Issuance of bonds payable =170,000
Decrease in Salaries Payable=51000
Amortization of discount on bonds payable =53000
Decrease in Accounts Payable=15,000
Proceeds from the Sale of Land=100,000
Decrease In Inventories=$8,000
Depreciation Expense=25,000
Decrease in Accounts Receivables=5,000
Monies paid to retire bonds=120,000
Decrease in Deferred income taxes=$7000
Loss on sale of land=20,000
Net Income=250,000
Cash at the end of year=700,000
Requirements:
Prepare the statement of cash flows using the above information and assuming the company name is Supier Company and the year ended December 31, 2012.
Problem 2
The statement of cash flows only represents the actual cash flows from operating, investing and financing activities. There are specific non-cash transactions that are left out from the body of the statement.
Briefly describe the type of items that are not included in the body of the statement of cash flows, describe the actual transactions and tell where the transaction will then be disclosed.
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