User Account

All Pages

Prepare the statement of cash flows of metagrobolize

Assignment Help Managerial Accounting
Reference no: EM131007988

Comparative balance sheets for 2011 and 2010 and a statement of income for 2011 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

Additional information from the accounting records:

a. During 2011, equipment with a cost of $300,000 (90% depreciated) was sold.

b. The statement of shareholders' equity reveals reductions of $225,000 and $450,000 for stock dividends and cash dividends, respectively.

Required:

Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2011. Present cash flows from operating activities by the direct method. (You may omit the schedule to reconcile net income to cash flows from operating activities.) 

Reference no: EM131007988

Questions Cloud

Probability of rising consumer confidence : 1. Advertising strategies decisions. For the payoff table in Exercise 17, find the action with the highest expected value. a) If forecasters think the probability of rising consumer confidence is 0.70, what is its expected value?
What does the efficiency theory state : Regarding combined returns on a merger, what does the efficiency theory state, and what do empirical studies suggest? Regarding the same issue, what does the entrenchment theory state, and what do empirical studies suggest?
What is the margin of error for confidence interval : The Wall Street Journal reported that automobile crashes cost the United States $162 billion annually (The Wall Street Journal, March 5, 2008). The average cost per person for crashes in the Tampa, Florida, area was reported to be $1599. What is the ..
Find the cost of painting a fence built above the given path : Use this interpretation to find the cost of painting (one side of) a fence built above the path γ{t) = (10 cos3t/, 10 sin3t), t ∈ [0, π/2], with height f(x, y) = 1 + y/3.
Prepare the statement of cash flows of metagrobolize : The statement of shareholders' equity reveals reductions of $225,000 and $450,000 for stock dividends and cash dividends, respectively.
Create a large change in economic prosperity : A relatively small but steady economic growth rate can create a large change in economic prosperity in a fairly short period of time due to a phenomenon known as (Click to select) inflation expansion interest compounding. Using the rule of 70, if a p..
Write international marketing report for hamleys : Write about given title. Title: International Marketing Report for Hamleys
Problem regarding the product introduction : A small company has the technol- ogy to develop a new personal data assistant (PDA), but it worries about sales in the crowded market. They estimate that it will cost $600,000 to develop
Reading about both horizontal and vertical mergers : After reading about both horizontal and vertical mergers, which do you believe is most beneficial to a firm, and why? Be specific, explain, and give an example to support your answer (i.e. a specific company, merger, etc.).

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute return on investment for each department

Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center).

  Prepare cost report that lists value-added costs

Prepare cost report that lists value-added costs, non-value-added costs, and actual costs for each activity. Which activities are non-value-added? Explain why. Explain why value-added activities can have non-value-added costs.

  Income statement for wholly bagel company

Prepare the cash flows from operating activities section of the statement of cash flows, using the direct method.

  Cost-volume-profit model

Explain these objections to the accountant's convention cost-volume-profit model

  What type of organizational arrangement

What type of organizational arrangement(s) do you see the two firms using in coordinating their worldwide operations?

  Deanne company produces a single product

DeAnne Company produces a single product. The company's variable costing income statement for August appears below:

  Prepare a production report for the six months

Prepare a Production Report for the six months ended 30 June 2013 for Melody Instruments Co, Ltd - Estimated annual overhead and direct labour costs for 2013 are $150,000 and $200,000 respectively.

  Determine which should be undertaken by the company

NPV of each project, and determine which should be undertaken by the company. IRR of projects A, C and E and recommendation with reasons whether each project should be undertaken based on IRR computed.

  First set of financial statements

Adriana Lopez launched a computer services company called Success Systems, which provides consulting services, computer systems installations, and custom program development. Lopez adopts the calendar year for reporting purposes and prepared the comp..

  Draft the trial balance

The following Trial Balance is drawn by a person who is not well versed in accounting process. You are required to re-draft the Trial Balance correctly.

  What is the expected return on investment of the machine

The Car Care Garage is considering an investment in a new tune up computer.

  How does an increase in accounts receivable

How does an increase in accounts receivable affect a company's net cash flow from operating activities?

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