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(a) Purpose a Statement of Cash Flows for Arte's Gallery for the year ended 30th June 2012 using the preformed provided. Show all calculations.
(b) Below is the summarized Statements Cash Flow for two other sole traders. Comment on which one has a healthier cash flow situation and justifies your answer by explaining the importance of each of the three kinds of cash flows for each business:
Bill's Ben's
Cash flow from Operating Activities 12 000 6 000
Cash flow from Investing Activities (18 000) 8 000
Cash flow from Financing Activities 4 000 (12 000)
Net increase / (decrease) in cash held (2 000) 2 000
Cash at the starting of the year 5 000 5 000
Cash at the end of the year 3 000 7 000
Balance sheet of the Captain Jet Inc
Evaluate Kens gross income
Evaluate the total labor variance and evaluate the labor price and quantity variances.
4) Comment on the degree to which the statement of revenues, expenditures and other changes in fund balance captures the district's cost of services. How can you validate such a financial statement
Evaluate the amount of goodwill that resulted from the Harman acquisition. Evaluate the amount of goodwill impairment loss that Pesky should recognize at the end of 2013.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
Determine the amount of interest capitalized in 2013 for the building using the definite interest method.
Evaluate the amount of net short-term capital gain (NSTCG) or net short-term capital loss (NSTCL). Evaluate the amount of net long-term capital gain (NLTCG) or net long-term capital loss (NLTCL).
Purpose the journal entries required on Wild Expansion Co.'s books to record the exchanges.
What common internal control weaknesses contributed to this fraud?
The planned selling price is $150 per unit. What could be the sales budget for March?
Evaluate depreciation expense for the years 2011 during 2013 under every depreciation listed below: Stright-line, with fractional years rounded to the closed whole month.
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