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Question 1: The 2017 balance sheet of kerbers tennis shop, inc, showed 2.85 million in long term debt, 760,000 in the common stock account, and 6.05 million in the additional paid in surplus account. the 2018 balance sheet showed 3.5 million, 985,000, and 7.95 million in the same three accounts, respectively. the 2018 income statement showed an interest expense of 250,000. the company paid out 640,000 in cash dividends during 2018. if the firms net capital spending for 2018 was 810,000 , and the firm reduced its net working capital investment by 185,000. what was the firms 2018 operating cash flow ?
Which is a correct numbering system to identify accounts within the chart of accounts? 101-cash;201-accounts payable; 301-k.clarke;capital
Publix Corporation purchased the net assets (asset acquisition) of Sam’s Corporation on January 1, 2012 for $600,000 and also paid $10,000 in direct acquisition costs. Prepare Publix’s general journal entry for the cash purchase of Sam’s net assets. ..
If you require an 11.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10 passengers each, and they fly commuters from Comfi’s base airport to the major city in the state, Me..
What was the actual OH rate per direct labor hour?- Journalize the preceding transactions. - Determine the ending balance in Finished Goods Inventory.
What is the book value of the old oven? What is the after tax salvage value of the old oven? What is the market value of the old oven?
Which statements regarding the Dow Jones Industrial Average is False? DJIA is affected equally by changes in low and high priced stocks
Two disadvantages of Venture Capital
Explain the appropriate accounting treatment and measurement for the oil palm tree in accordance to the relevant MFRS. Justify your answer
Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $55,000 several years ago and has claimed $12,500 of depreciation expense on the machine. Illustrate what is the amount of character of Butte's gain or loss?
The difference between the costs at the high and low levels of activity represents the fixed cost element of a mixed cost
How to make the stockholders' equity section of the balance sheet? Grouper Corp. has these accounts at December 31 Common Stock, $12 par
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