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Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2013 fiscal year was $714,000. Depreciation and amortization expense of $85,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:
Prepare the operating activities section of the statement of cash flows for 2013. (Amounts to be deducted should be indicated with a minus sign.)
*Prepare a single-step income statement for 2013, including EPS disclosures. (Round EPS answer to 2 decimal places.)
*Prepare a multiple-step income statement for 2013, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)
a broadcasting company failed to make a year-end accrual of 200000 for fines due to a violation of fcc rules. its tax
extraordinary gainnet incomethe following incorrect income statement was prepared by the accountant of the axel
Selane Eatery operates a catering service specializing in business luncheons for large corporations. Selane requires customers to place their orders 2 weeks in advance of the scheduled events.
the blending department of luongo company has the following cost and production data for the month of april. costsnbsp
ynga is a software developer and is considering a project that requires an initial investment of $200,000-The Net Present Value of the project is approximately
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prepare the necessary adjusting journal entries for items a through h. assume that adjusting entries are made only at
johnson enterprises inc. is involved in the manufacture and sale of electronic components used in small amfm radios.
A trial balance has total debits of $197,900 and total credits of $199,700. Which account may contain a transposition error?
Prepare the necessary consolidated working paper eliminations for 2014
crosser company budgets on a quarterly basis. the following beginning and ending inventory levels in units are planned
how much tax can be saved if john shifts 1900 of income to his 18 year old dependent son? john is in the 25 percent tax
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