User Account

All Pages

Prepare the Statement of Cash Flows for Alpha Company

Assignment Help Accounting Basics
Reference no: EM132522772

Question - The following information is related to Alpha Company's fiscal year 2017.

Net Income $300,000

Depreciation Expense 50,000

Gain on Sale of Plant Assets 5,000

Accounts Payable decrease by 4,000

Purchase of land 250,000

Sale of Equipment 105,000

Additional Information:

Beginning Cash Balance: $50,000 Ending Cash Balance: $216,000.

Equipment was sold for 105,000 in cash.

Land was paid for in cash.

Common Stock exchanged for outstanding Long Term Notes Payable of $125,000.

Dividends paid were $30,000.

Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method. Table may have more space than needed.

Reference no: EM132522772

Questions Cloud

What is the required rate of returns on msft stock : What is the required rate of returns on MSFT stock if its beta is 1.24. Currently, 3-month T-bill rate is 4% and expected returns on S&P 500 index is 16%
Probability of the event : For a random variable X, if V( X ) = 1, then the probability of the event: (X - E(X) )2 > 4,
Business value dashboard : What are the most important parts of this dashboard? How do these parts help the business managers? How do they help the individual contributors?
What is the present value of? windfall : You have just received What is the present value of windfall? What is the future value of windfall in three years (on the date of the last payment)?
Prepare the Statement of Cash Flows for Alpha Company : Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method. Table may have more space than needed
Sampling distribution of the sample mean : The Central Limit Theorem guarantees that:
Calculate the balance in the deferred tax asset : Prepare the income tax expense section of the income statement for 2017, beginning with the line "Income before income tax."
What is meant by acceptable audit risk : What is meant by acceptable audit risk when performing the work of attestation, and what would be some of the characteristics of this risk
Cloud computing and digital forensics : Cloud computing/cloud security: Discuss the scope of a cloud computing audit for your business.

Reviews

Write a Review

Accounting Basics Questions & Answers

  CASE - Burlingham Bees

CASE - Burlingham Bees. Research auditing professional standards and list the requirements related to developing an expectation

  Thinking about tax research

This assignment is designed to get you thinking about tax research and give you a little practice with a key tax resource.  Given the volume of rules that comprise our federal income tax system, it is impossible for one person to know everything a..

  Discuss the james and the balance sheet entry

On 1st January, 1961, A. James obtained two motor vehicles, the total cash price of which was £2,400. Payment was to be made as follows.

  Elements of the mcdonald organization

Complete the four elements of the McDonald's organization chart exercise in the Assurance of Learning Exercise 7A on page 248 of the textbook.

  On nov 1 2010 banana corporation management decided to

on nov. 1 2010 banana corporation management decided to discontinue operation of its rocketeer division and approved a

  Differentiate between the role of engineering

Differentiate between the role of engineering and the research and development department.

  Journal entries for perpetual inventory system

Prepare the journal entries that would be recorded using a periodic inventory system. Prepare the journal entries that would be recorded using a perpetual inventory system, including any book-to-physical adjustment that might be needed. What is the d..

  The balance in retained earnings on 1 januar 2010

The balance in retained earnings on January 1, 2010, for Persinger Inc, was $800,000. During the year, the corporation paid cash dividends of $90,000 and distributed a stock dividend of $8,000.

  Explain three issues or problems which a company could

describe three issuesproblems that a company could encounter when trying to determine the actual cost of a good or

  Prepare the journal entry to record payne income taxes

Prepare the journal entry(s) to record Payne's income taxes for 2013, assuming it is more likely than not that the deferred tax asset will be realized

  Kelm company purchased a new machine on october 1 2010 at

kelm company purchased a new machine on october 1 2010 at a cost of 142300. the company estimated that the machine will

  Develop professional slide that create interest in the topic

Develop professional slides that create interest in the topic. Prepare and deliver a professional script to accompany slides.Why should we care about the topic?

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