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For the most recent accounting year, a company reported the following operating and cash activities: Investments in other companies (8,628) Increase in inventories (2,685) Depreciation and amortization 35,254 Long-term debt repayment (165,243) Net income 28,961 Proceeds from issuance of common stock 13,485 Proceeds from sale of property and equipment 3,590 Payment of dividends (6,255) Proceeds from long-term debt issuance 61,785 Purchases of property and equipment (25,400) Decrease in accounts receivable 5,291 Decrease in accounts payable (8,466) Requirements: 1. Prepare the operating, investing and financing sections of the cash flow statement. 2. Explain the major sources and uses of cash for the year.
What amount should be deducted as lease expense on Schedule C in 2013?
ending liabilities are 67000 beginning equity was 87000 common stock sold during year totaled 31000 expenses for the
many organizations have been in the news over the past few years due to accounting ethical breaches that have affected
merchandise with an invoice price of 2000 was purchased on october 3 terms 115 n60. the company uses the net method to
Recently been promoted to senior financial analyst,
Intercompany debt which must be eliminated from consolidated financial statements may results from:
on july 1 2008 hurtig inc. invested730530 in a mine estimated to have 835550 tons of ore of uniform grade. during the
when companies accumulate costs they generally use either a job-order or a process costing system. the type of system
Many individuals believe that trade deficits are troubling economic condition which points out weakness in economy while trade surpluses are sign of strength and rising prominence for economy.
Calculate the number of fresh shares issued and the amount transferred to capital redemption reserve account.
country cap company ccc manufactures and sells ball caps with a special logo on the back of the cap that it has
Sarah receives a $8,000 per year scholarship from City University. The university specifies that $2,000 is for tuition, books, supplies, and equipment for classes. The other $6,000 is for room and board. As part of the condition of the scholarship..
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