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!
Zumbrunn Company's income statement contained the condensed information below.
ZUMBRUNN COMPANY
Income Statement
For the Year Ended December 31, 2014
Service revenue
$970,000
Operating expenses, excluding depreciation
$624,000
Depreciation expense
60,000
Loss on disposal of equipment
16,000
700,000
Income before income taxes
270,000
Income tax expense
40,000
Net income
$230,000
Zumbrunn's balance sheet contained the comparative data at December 31, shown below.
2014
2013
Accounts receivable
$75,000
$65,000
Accounts payable
46,000
28,000
Income taxes payable
11,000
7,000
Accounts payable pertain to operating expenses.
Instructions
Prepare the operating activities section of the statement of cash flows using the indirect method.Cash from operations $318,000
for the most recent accounting year a company reported the following operating and cash activities investments in
oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the
oddessy counsulting has the following for year ended 12-31-09 accounts recivable 330000 net credit sales
Wood Incorporated factored $150,000 of accounts receivable with Engram Factors Inc. on a wotkout-recourse basis. Engram assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 6% of accounts receivable for ..
A detailed description of the features of your product or service including how it solves the needs of your target market. A description of how your marketing efforts will change with each phase in the product life cycle
If a 22 year (Sam) invested $4,000/year into a Roth IRA until his 30th year, what will the value of that IRA be in the 65th year, assuming 8% per year?
Lawler Clothing sold manufacturing equipment for $34,000. Lawler originally purchased the equipment for $98,000, and depreciation through the date of sale totaled $80,000.
overland corporation is authorized to issue 250000 shares of 1 par value common stock. during 2014 overland corporation
a company paid a cash dividend of 0.44 per share during the current year and reported 18000 shares of common stock
suppose a new process was developed that could be used to make oil out or seawater. the equipment required is quite
Why do you think present value is an important concept for management to understand? Do you think it should be used for all financial statements items, why or why not?
Security A has an expected return of 12.4% with a standard deviation of 15%, and a correlation with the market of 0.85. Security B has an expected return of 0.73% with a standard deviation of 20%, and a correlation with the market of 0.67. The sta..
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