Preparing a statement of cash flows

Assignment Help Accounting Basics
Reference no: EM13122674

Prepare a statement of cash flows (indirect method)for walker corportion for 2010. The 2010 and 2009 balanccer sheets of walker corporation follow. the 2010 income statement is also provided. walker had no non cash investing and financint transactions during 2010. During the year, Walker sold equipment for $15, 700, which had originally colt $13,200 and had a book value of $11,200. Walker did not issue any notes payable during the year but did issue Common stock for $23,000.

Reference no: EM13122674

Questions Cloud

What was the initial concentration : A zero-order reaction has a constant rate of 1.00×10-4 . If after 80.0 seconds the concentration has dropped to 6.50×10-2 , what was the initial concentration.
Information about functions and relations : Which of the following are functions? The last two problems, i.e., b & c, are multi part relations consider all parts when determining whether or not these relations are functions. Explain your reasoning for a, b, and c.
Straight line depreciation and emi of loan : The book value of a machine is $21,000 at the end of its fourth year of life and $14,000 at the end of its sixth year of life. What was the purchase value of the machine, assuming that "straight line depreciation" is being used.
Book value of klingons assets today : If all the current assets were liquidated today, the company would receive $855,000 cash. What is the book value of Klingon's assets today?
Preparing a statement of cash flows : Prepare a statement of cash flows (indirect method)for walker corportion for 2010. The 2010 and 2009 balanccer sheets of walker corporation follow. the 2010 income statement is also provided.
Relation to subject and verb : Why is it important to understand what is the subject and verb and be able to recognize both in a sentence in order to ensure your writing is free from run ons, comma splices and fragments?
Net increase or decrease in cost : It is estimated that variable manufacturing costs will be reduced from $26,000 to $23,500 annually if the new machine is purchased. The total net increase or decrease in cost for the new equipment for the entire five years is ??
Population and parameters : In finding the average size of automobile tire that is purchased, the mean or median size might be a tire that does not exist. Therefore, one would want to know the size of tire bought most often.
Calculate the concentrations of all species in na2so3 soln : Calculate the concentrations of all species in a 1.73 M Na2SO3 (sodium sulfite) solution. The ionization constants for sulfurous acid are Ka1 = 1.4× 10-2 and Ka2 = 6.3× 10-8.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Expected postretirement benefit obligation

What is the expected postretirement benefit obligation at the end of 2011?

  Transaction-translation and economic exposures

What are the differences among transaction, translation, and economic exposures? Should all of them be ideally reduced to zero?

  Variable overhead efficiency variance calculations

V Company's product has a labor standard of 2 hours per unit. For 2011, it estimates its production will be 200,000 units (400,000 DLHs). It budgets total overhead at $900,000, which results in a fixed overhead rate of $1.50 per hour.

  Projected ending retained earning balance

Hutch Corporation finished their fiscal year ending March 31, 2010, with $88,000 of net income. They issued dividends of $22,000 at year end. At the end of the year on March 31, 2010, they had a net loss of ($46,000) and did not distribute any div..

  Excess of tax depreciation over book depreciation

Excess of tax depreciation over book depreciation, $40,000. This $40,000 difference will reverse equally over the years 2011-2014. Deferral, for book purposes, of $25,000 of rent received in advance. The rent will be earned in 2011.

  Purpose of engagement planning

What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect the scope of the audit?

  Incremental analysis and decision making

Crone Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices.

  Calculating travel deductions

Norman traveled to San Francisco for four days on vacation, and while there spent another two days conducting business for his employer. Norman's plane fare for the trip was $500; meals cost $150 per day; hotels cost $300 per day

  Translation-transaction and economic exposure

What are the different issues involved with translation exposure, transaction exposure and economic exposure? How can companies plan to mitigate the risk of each? What are the opportunity costs associated with measures to mitigate this risk?

  Non-recurring expenses on income statement

When normalizing operating results, non-recurring expenses that are reported within SG&A, CGS or other expense line items on a company's income statement:

  Transfer pricing-minimum and maximum

What is the minimum transfer price Division A should charge for internal transfers? What is the maximum price Division B would be willing to pay? Why should Division A reduce its price to Division B?

  Find equivalent units of production for conversion costs

What are the equivalent units of production (EUP) for the conversion costs in the month of September assuming ALG uses weighted-average process costing?

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!

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