User Account

All Pages

Prepare the statement of cash flows for alpha company

Assignment Help Managerial Accounting
Reference no: EM132622091

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

      Income Statement:
     Net Income      $300,000
 Depreciation Expense   50,000
     Gain on Sale of Plant Assets    10,000
                  Interest Expense      500
  Balance Sheet - 12/31/17: Increase (Decrease)
             Accounts Payable        ($4,000)
  Plant Assets - Purchased   250,000
        Plant Assets - Disposals      (100,000)

Additional Information:

Cash Balance - 12/31/2016: $50,000

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

Dividends paid were $25,000

Problem 1: Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method.

Reference no: EM132622091

Questions Cloud

What are the threats surrounding this offer to Ricardo : What are the threats surrounding this offer to Ricardo? Under the Code of Ethics, what is the proper action that Ricardo must take? Justify the answer
How determine the book value per share as of end : At December 31, 2017, total stockholders' equity was $4,250,000. Use this information to determine the book value per share as of end of the FY 2017
How the us ranks on indicators compared to other nations : Explain how the U.S. ranks on these indicators compared to other nations. Explain two factors that might influence those rankings and the relative standing.
Draw a cash flow diagram for each of the two options : Draw a cash flow diagram for each of the two options. Calculate the net present value of each option based on discount rate of 6 percent/year
Prepare the statement of cash flows for alpha company : Alpha Company's fiscal year 2017. Use the information to prepare the Statement of Cash Flows for Alpha Company using the indirect method.
How culture influence one perspective of the value : Post an explanation of whether psychotherapy has a biological basis. Explain how culture, religion, and socioeconomics might influence one's perspective of the.
Leadership and collaboration : Explain why this Professional Standard is interesting to you. Research and find a conference in your field of study that you would want to attend.
What amount should be reported as OCI for the current year : Net "remeasurement" gain on defined benefit plan 600,000. What amount should be reported as OCI for the current year
How information generated from the study could be applied : Define, in your own words, qualitative research. Locate and cite two different types of qualitative research articles related to your PICOT project.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine missing information pertaining to each investment

Determine the missing information pertaining to each investment proposal. (Round your percentage answer to 1 decimal place (i.e., 0.123 to be entered)

  How much are the retained earnings of brooks corporation

Brooks Corporation are $100,000, total liabilities are $17,000, and capital stock is $20,000, how much are the retained earnings of Brooks Corporation?

  Transfer pricing decisions

As a manager, you may be tasked with making recommendations as to how your organization should structure its transfer pricing. This is especially true in cases when both variable or full cost transfer pricing is acceptable, and the choice is not obvi..

  Advise on and report the financial performance

Advanced Corporate Reporting (FIN4033) - Discuss the professional and ethical duties of the CFO/accountant. Evaluate the financial reporting framework and advise on and report the financial performance of entities.

  Target costing-mucky duck swimsuits

Assume that Mucky Duck uses target costing. What is the price that Mucky Duck would charge the retailer for the All-Body swimsuit? What is the highest acceptable manufacturing cost Mucky Duck would be willing to incur to produce the All-Body swim..

  Genmed hospital needs to replace its existing mri scanning

genmed hospital needs to replace its existing mri scanning machine. the hospital is considering funding the purchase by

  The trailer department of baxter bicycles makes bike trailer

The Trailer department of Baxter Bicycles makes bike trailers that attach to bicycles and can carry children or cargo.

  What are the causes of capacity or volume variance

What are the causes of capacity or volume variance. Explain atleast 2 causes and how it affects the operating performance of the business?

  Discuss the role of management accounting in an organisation

Discuss the role of management accounting in an organisation - Discuss the FIFO (First In First Out) and LIFO (Last In First Out) methods of inventory valuation making comparisons between them.

  Determine an indirect cost of the specified cost object

Indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object by placing an X in the appropriate column

  Compute the variances for cajun materials price variance

Compute the variances for Cajun Materials price variance, Materials quantity variance and Labor rate variance.

  Income statement for tri-county cable services

Prepare a segmented income statement for Tri-County Cable Services, Inc - Data for these segments for the year.

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