How prepare the statement of cash flows for alpha company

Assignment Help Accounting Basics
Reference no: EM132624129

The following information is related to Alpha Company's fiscal year 2017.

Income Statement:

Net Income $300,000

Depreciation Expense 50,000

Gain on Sale of Plant Assets 10,000

Interest Expense 500

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payable ($4,000)

Plant Assets - Purchased 250,000

Plant Assets - Disposals (100,000)

Additional Information:

Cash Balance - 12/31/2016: $50,000

Common Stock exchanged for outstanding Long Term Notes Payable of $125,000

Dividends paid were $25,000

Problem 1: Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method.

Reference no: EM132624129

Questions Cloud

Effective approach in increasing workplace diversity : Please answer do you think this is an effective approach in increasing workplace diversity? Why or why not.
Prepare the journal entries on sahali air books : Prepare the journal entries on Sahali Air's books to record the lease agreement, to reflect payments received under the lease, and to recognize income
Describe the key features of an invoice : Question - Describe the key features of an invoice and explain how it is used for processing transactions in a computerised accounting system
Negotiating with a business in hong kong : You are negotiating with a business in Hong Kong. Explain how an American will communicate with a business person from Hong Kong to negotiate a deal.
How prepare the statement of cash flows for alpha company : How Prepare the Statement of Cash Flows for Alpha Company using the indirect method. Common Stock exchanged for outstanding Long Term Notes Payable of $125,000
Prepare the journal entries on Sahali Air books : Prepare the journal entries on Sahali Air's books to record the lease agreement, to reflect payments received under the lease, and to recognize income
Reflect on the technological advances in banking : Reflect on the technological advances in banking over the past 30+ years (ATM's, EFT, ACH, Online Banking, Mobile Banking, debit cards, electronic check clearin
Find the number of visitors that would be needed : West Ham World is a small aquarium displaying sea creatures. Find the number of visitors that would be needed to make a profit of $20,000 per annum
Demonstrating how you will complete the required internship : Demonstrating how you will complete the required internship hours. When possible, include experiences related to the following concepts presented in EAD-530

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd