User Account

All Pages

Prepare a schedule of operating cash flows

Assignment Help Accounting Basics
Reference no: EM131697903

Question: The following balance sheets and income statement were taken from the records of RosieLee Company:

2284_53.png

Direct and Indirect Methods Refer to the information for Rosie-Lee Company above. Additional transactions were as follows:

a. Sold equipment costing $21,600 with accumulated depreciation of $16,200 for $3,600.

b. Issued bonds for $90,000 on December 31.

c. Paid cash dividends of $36,000. d. Retired mortgage of $108,000 on December 31.

Required: 1. Prepare a schedule of operating cash flows using

(a) the indirect method and

(b) the direct method.

2. Prepare a statement of cash flows using the indirect method.

Reference no: EM131697903

Questions Cloud

What are the independent and dependent variables : You are interested in comparing the level of stress among graduate students in a psychology program to the stress among graduate students in a business program.
Prepare net position section of statement of net position : A piece of equipment with a carrying value of $26,100 was sold for $25,000. Prepare the net position section of Falmouth's 2017 statement of net position
Females liberal or conservative : Example 11 compared mean political beliefs (on a 1 to 7 point scale) to the moderate value of 4.0, using GSS data.
Identify the marketing and the health care system : Provide at least three (3) qualified sources, e.g., peer-reviewed journals, professional organization Website, or health care provider Websites.
Prepare a schedule of operating cash flows : The following balance sheets and income statement were taken from the records of RosieLee Company: Direct and Indirect Methods Refer to the information.
Discuss the records of rosielee company : The following balance sheets and income statement were taken from the records of RosieLee Company: Statement of Cash Flows, Worksheet Refer to the information.
What is a normal distribution : What is a normal distribution? What is a standard normal distribution? Briefly compare and contrast these two statistical terms.
Improve personalized risk estimation : How might these technologies minimize risk, promote health, and encourage patient engagement in their own care?
What is the probability that an individual owns a stock : A survey of 200 college graduates who have been working for at least 3 years found that 90 owned only mutual funds, 20 owned only stocks, and 70 owned both.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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