Solution-Shim company presents its statement of cash flows

Shim company presents its statement of cash flows

Assignment Help Managerial Accounting

Reference no: EM13918387

Shim Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Shim's 2014 and 2013 year-end balance sheets:

1455_264-B-M-A-S-C-F (2002).png

The income statement contained a $1,500 gain on the sale of equipment, an $800 loss on the sale of land, and $3,600 of depreciation expense. Net income for the period was $47,300.

Required:

Prepare the operating activities section of the statement of cash flows.

Reference no: EM13918387

Questions Cloud

Determine the effective annual yield you achieved : You purchase a 30-year 8% annual coupon bond with a face value of 1000, at a yield rate of 9%. The bond is a callable corporate bond, with a call price of 1,050, and can be called by the issuing corporation after five years. Immediately after the 9th..

Investment under the equity method : Prepare the correcting entry required on December 31, 20X8, to properly report the investment under the equity method, assuming the books have not been closed. Case Products' dividends were declared in early November and paid in early December each y..

Two mutually exclusive projects : Lithium, Inc. is considering two mutually exclusive projects, A and B. Project A costs $95,000 and is expected to generate $65,000 in year one and $75,000 in year two. Project B costs $120,000 and is expected to generate $64,000 in year one, $67,000 ..

Profit margins and turnover ratios : Profit margins and turnover ratios vary from one industry to another. What differences would you expect to find between a grocery chain such as Safeway and a steel company? Think particularly about the turnover ratios, the profit margin, and the Du P..

Shim company presents its statement of cash flows : Shim Company presents its statement of cash flows using the indirect method.

Equity investors-long-term creditors-short-term creditors : Financial ratio analysis is conducted by managers, equity investors, long-term creditors, and short-term creditors. What is the primary emphasis of each of these groups in evaluating ratios?

Find the initial value of the investment-including options : Kasugai Corporation bought 350 shares of AIG stock at $49.30 per share. At the same time, it sold call options on 200 shares with exercise price $50.00, expiring after 72 days, at $3.50 per share. Kasugai also sold calls on 100 shares, with exercise ..

Expected to have free cash flows : Flagstaff Enterprises is expected to have free cash flows in the coming year of $8 million, and this free cash flow is expected to grow at a rate of 3% per year thereafter. Flagstaff has an equity cost of capital of 13%, a debt cost of capital of 7%,..

A zero coupon bond : a zero coupon bond with an 11% interest rate and maturity of 20 years is issued by JWU co. What is the price of the bond and how many would JWU need to sell if it needed to raise $10 million?

User Account

All Pages

Shim company presents its statement of cash flows

Reference no: EM13918387

Reference no: EM13918387

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT