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!
Computing cash flows from operating activities-indirect method
One Way Cellular accountants have assembled the following data for the year ended September 30, 2012:
Cash receipt from sale of land
$34,000
Net income
$55,000
Depreciation expense
20,000
Purchase of equipment
39,000
Payment of dividends
6,100
Decrease in current liabilities
19,000
Cash receipt from issuance of common stock
30,000
Increase in current assets other than cash
14,000
Requirement
1. Prepare the operatingactivities section using the indirect method for One Way Cellular's statement of cash flows for the year ended September 30, 2012.
Distra Corporation issues 100 shares of $100 par preferred stock for $120 and incurs stock issue costs of $500. Prepare the entries for the stock issuance and the stock issue costs.
Recognize which of these expenses are deductible and the amount that is deductible. Show whether they are deductible for or from AGI.
Evaluate what amount of gain or loss should be reported on consolidated financial statements for 2010 and which of the subsequent will be included in a consolidation entry for 2011?
computation of cost of the products based on activity based costing.the company is considering using an activity-based
the allowance for doubtful accounts was a debit of $100,000. If 2% of the accounts receivable are expected to be uncollectible, what is credit balance in the allowance account after the year-end adjustment
As a result of the exercise of the 24,000 rights and the issuance of the related common stock, illustrate what journal entry would Chen make?
Evaluate the criteria or mechanisms used by the organisation for deciding how best to acquire capital and analyse the capital structure of the company.
Actual materials used during the year were $5,500,000,actual direct labor cost was $3,500,000, and actual overhead was $9,000,000. Compute the overhead rate for the current year.
Shelby Corporation was organized in January 2010 by 10 stockholders to operate an air conditioning sales and service business. The charter issued by the state authorized the following capital stock.
Gary believes there is a 20 percent probability the economy will be strong, a 50 percent probability of a steady economy, and a 30 percent probability of a weak economy. What is expected level of sales for next year?
Determine the total depreciation to be taken over the useful life of the delivery truck for both book and tax purposes. Explain why depreciation for book and tax purposes will generally be different over the useful life of a depreciable asset.
Evaluate Jon's adjusted basis in his EFG Inc. stock after the distribution?
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