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Presented below are the 2013 income statement and comparative balance sheets for Santana Industries.Additional information for the 2013 fiscal year ($ in thousands):1. Cash dividends of $1,000 were declared and paid.2. Equipment costing $4,000 was purchased with cash.3. Equipment with a book value of $500 (cost of $1,500 less accumulated depreciation of $1,000) was sold for $500.4. Depreciation of $1,600 is included in operating expenses.Required:Prepare Santana Industries 2013 statement of cash flows, using the indirect method to present cash flows from operating activities.
A company shows the following balances: sales: 800,000, sales returns and allowances: 125,000, sales discounts: 25,000, cost of goods sold: 481,000. What is the gross profit rate?
How is depreciation handled in the federal government General Fund? How does it differ from depreciation in state and local government General Funds?
the following transactions adjusting entries and closing entries were completed by king furniture co. during a
erskine company uses activity-based costing to compute product costs for external reports. the company has three
360 property videos company is a service company that creates in-home videos for real estate agents to help sellrent
On the statement of cash flows, the cash flows from financing activities section would include:
Analyze what portion of each distribution is a dividend.
when companies offer new equity security issues they publicize the offerings in the financial press and on internet
Carl, an employee of a Miami CPA firm, was sent to work in Tampa for eight months on March 1, year 1, on a financial audit. His monthly transportation expenses were $400, his monthly lodging was $1,200, and his meals were $800 per month.
Prepare the appropriate journal entry to record the award of SARs on January 1, 2006.
Voice App is a midsize software company that specializes in voice recognition software. Due to rising costs of maintaining IT technical support, your director is considering outsourcing your technical support services. Currently, your technical supp..
assume these facts on october 11 the auditor received a cutoff bank statement dated october 7. the september 30 deposit
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