Purpose a statement of cash flows

Assignment Help Corporate Finance

Reference no: EM1343861

WIsconsin Corporation was organized on January 1,2012, witht he invesatment of $400,000 in cash by its stockholders. THe company immediately purchased a nmanufacturing facility for $300,000, paying $150,000 in cash signing a five-year promissory note for the balance. WIsconsin signed another five year note at the bank for $50,000 during 2012 and reeived cash in the same amount. DUring its first year, Wisconsin collected $310,000 from its customers. It paid $185,000 for inventory, $30,100 in salaries and wages, and another $40,000 in taxes. WIsconsin paid $4,000 in cash dividends.

1. Purpose a statement of cash flows for the year ended December 31, 2012.

2. What does this statement tell you that an income statement does not?

Reference no: EM1343861

Questions Cloud

Statement to read variables of type double : Suppose two variables p1 and p2 of type POINT, with two fields, x and y, both of type double, have been declared. Write a statement that reads values for p1 and p2 in that order.

Explain what is yield that jane would earn : Explain what is the yield that Jane would earn by buying it at this price and holding it to maturity?

Difference between merger and consolidation : What is the difference between a merger and consolidation? List and explain the motives of mergers and consolidations.

Calculate the operating income : Firm A has $10,000 in assets entirely financed with equity. Firm B also has $10,000 in assets, but these assets are financed by $5,000 in debt & $5,000 in equity.

Purpose a statement of cash flows : Purpose a statement of cash flows for the year ended December 31, 2012 and what does this statement tell you that an income statement does not?

Calculate the trade balance among the us : Calculate the trade balance among the U.S. also China for the period. Analysis by using appropriate examples.

Merger of sprint and t-mobile : Do you think a merger between Sprint and T-Mobile would add value to the shareholders of both corporations? Consider the following issues:

Proper value of the securities being offered : Render an opinion to potential investors on the proper value of the securities being offered

The theory of market efficiency : Theory of market efficiency is based on premise that a market is considered efficient when stock prices are an actual reflection of information known about a company.

User Account

All Pages