Solution-Show the operating activities section of the

Show the operating activities section of the statement

Assignment Help Cost Accounting

Reference no: EM13546211

Duggan Sports Bar reported net income of $195,000 for 2008. Duggan also reported depreciation expense of $25,000, and a loss of $5,000 on the sale of equipment. The comparative balance sheets show an increase in accounts receivable of $15,000 for the year, an $8,000 increase in accounts payable, and a decrease in prepaid expenses of $7,000.

Instructions

Prepare the operating activities section of the statement of cash flows for 2008 using the indirect method.

Reference no: EM13546211

Questions Cloud

Prepare bank reconciliation - worthy tours : Prepare bank reconciliation at July 31 and journalize the adjusting entries at July 31 on the books of Worthy Tours.

Define what is the thickness of the foil : What is the thickness of the foil. the question asks for the thickness of foil in millimeters and also tells that the density is 2.699 g/cm^3.

Magnitude of the average force exerted on the water by blade : Consult Interactive Solution 7.10 for a review of problem-solving skills that are involved in this problem. A stream of water strikes a stationary turbine blade horizontally, as the drawing illustrates.

Explain a copper penny can be dissolved in nitric acid : A copper penny can be dissolved in nitric acid but not in hydrochloric acid. Explain why in terms of E? Explain what would happen as the newer pennies are added to nitric acid and hydrochloric acid.

Show the operating activities section of the statement : Prepare the operating activities section of the statement of cash flows for 2008 using the indirect method.

What amount was reported on the statement of cash flows : Stone Kitchen Equipment Company's income statement reported a loss on the sale of equipment of $4,900. What amount was reported on the statement of cash flows as "cash flow from sale of equipment.

State what approximate altitude will it reach about 10-6 atm : Actually, the density of air decreases as the altitude decreases, halving roughly every 5.8 km. At what approximate altitude will it reach about 10-6 atm

Estimate what is the moment of inertia of the wheel : a string is wrap[ed tightly around the circumference of a wheel with a mass of 1.23 kg and a radius of 0.324m. what is the moment of inertia of the wheel

Magnitude of the impulse applied to the golf ball by floor : A golf ball strikes a hard, smooth floor at an angle of 20.6 ° and, as the drawing shows, rebounds at the same angle. The mass of the ball is 0.0298 kg, and its speed is 34.6 m/s just before and after striking the floor. What is the magnitude of t..

User Account

All Pages

Show the operating activities section of the statement

Reference no: EM13546211

Reference no: EM13546211

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT