The accountant for TI Company is preparing the company's
statement of cash flows for the fiscal...
The accountant for TI Company is preparing the company's
statement of cash flows for the fiscal year just ended. The
following information is available:
Retained earnings balance at the beginning of the year
151,000
Cash dividends declared for the year 46,000
Net income for the year 92,000
16) What is the ending balance for retained earnings?
A. 264,000
B. 13,000
C. 243,000
D. 197,000
E. 105,000
17) Noncash investing and financing activities may be disclosed
in
A. A notes in...
Statement of Cash Flows—Indirect Method The comparative balance
sheet of Merrick Equipment Co. for December 31,...
Statement of Cash Flows—Indirect Method The comparative balance
sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is
as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $239,430
$222,980 Accounts receivable (net) 86,740 80,090 Inventories
244,850 237,110 Investments 0 91,860 Land 125,590 0 Equipment
270,150 209,640 Accumulated depreciation—equipment (63,250)
(56,530) Total assets $903,510 $785,150 Liabilities and
Stockholders' Equity Accounts payable $163,540 $154,670 Accrued
expenses payable 16,260 20,410 Dividends payable 9,040 7,070 Common
stock, $10 par 48,790 38,470...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Merrick Equipment Co. for
December 31,...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Merrick Equipment Co. for
December 31, 20Y9 and 20Y8, is as follows:
Dec. 31, 20Y9
Dec. 31, 20Y8
Assets
Cash
$222,710
$208,610
Accounts receivable (net)
80,680
74,920
Inventories
227,760
221,840
Investments
0
85,940
Land
116,820
0
Equipment
251,290
196,120
Accumulated depreciation—equipment
(58,830)
(52,890)
Total assets
$840,430
$734,540
Liabilities and Stockholders'
Equity
Accounts payable
$152,120
$144,700
Accrued expenses payable
15,130
19,100
Dividends payable
8,400
6,610
Common stock, $10 par
45,380
35,990...
Preparing a Statement of Cash Flows (Direct Method)
Use the following information about the 2016 cash...
Preparing a Statement of Cash Flows (Direct Method)
Use the following information about the 2016 cash flows of Mason
Corporation to prepare a statement of cash flows under the direct
method. Refer to Exhibit 4.3 for the appropriate format.
Cash balance, end of 2016
$12,000
Cash paid to employees and suppliers
148,000
Cash received from sale of land
40,000
Cash paid to acquire treasury stock
10,000
Cash balance, beginning of 2016
16,000
Cash received as interest
6,000
Cash paid as...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Yellow Dog Enterprises Inc. at
December...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Yellow Dog Enterprises Inc. at
December 31, 20Y8 and 20Y7, is as follows:
Dec. 31, 20Y8
Dec. 31, 20Y7
Assets
Cash
$62,270
$76,300
Accounts receivable (net)
95,680
102,870
Inventories
136,670
127,500
Prepaid expenses
5,570
3,860
Equipment
278,430
228,430
Accumulated depreciation-equipment
(72,390)
(56,020)
Total assets
$506,230
$482,940
Liabilities and Stockholders'
Equity
Accounts payable (merchandise creditors)
$106,310
$100,930
Mortgage note payable
0
144,880
Common stock, $1 par
16,000
10,000
Paid-in capital: Excess...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Yellow Dog Enterprises Inc. at
December...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Yellow Dog Enterprises Inc. at
December 31, 20Y8 and 20Y7, is as follows:
Dec. 31, 20Y8
Dec. 31, 20Y7
Assets
Cash
$74,770
$92,010
Accounts receivable (net)
114,890
124,040
Merchandise inventory
164,120
153,730
Prepaid expenses
6,690
4,660
Equipment
334,330
275,450
Accumulated depreciation-equipment
(86,930)
(67,550)
Total assets
$607,870
$582,340
Liabilities and Stockholders'
Equity
Accounts payable (merchandise creditors)
$127,650
$121,710
Mortgage note payable
0
174,700
Common stock, $1 par
19,000
12,000
Paid-in capital:...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Olson-Jones Industries Inc. for
December 31,...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Olson-Jones Industries Inc. for
December 31, 20Y2 and 20Y1, is as follows:
Dec. 31, 20Y2
Dec. 31, 20Y1
Assets
Cash
$115
$37
Accounts receivable (net)
65
47
Inventories
41
26
Land
94
104
Equipment
53
41
Accumulated depreciation-equipment
(14)
(7)
Total Assets
$354
$248
Liabilities and Stockholders'
Equity
Accounts payable (merchandise creditors)
$45
$37
Dividends payable
7
-
Common stock, $1 par
23
12
Paid-in capital: Excess of issue price...
I'll rate do all parts
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Merrick...
I'll rate do all parts
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Merrick Equipment Co. for
December 31, 20Y9 and 20Y8, is as follows:
Dec. 31, 20Y9
Dec. 31, 20Y8
Assets
Cash
$279,110
$261,730
Accounts receivable (net)
101,110
94,000
Inventories
285,420
278,320
Investments
0
107,820
Land
146,400
0
Equipment
314,920
246,060
Accumulated depreciation—equipment
(73,730)
(66,350)
Total assets
$1,053,230
$921,580
Liabilities and Stockholders'
Equity
Accounts payable
$190,630
$181,550
Accrued expenses payable
18,960
23,960
Dividends payable
10,530
8,290
Common...
Statement of Cash Flows In 2008, Upper Crust
had cash flows from investing activities of −$260,000...
Statement of Cash Flows In 2008, Upper Crust
had cash flows from investing activities of −$260,000 and cash
flows from financing activities of −$161,000. The balance in the
firm's cash account was $88,000 at the beginning of 2008 and
$116,000 at the end of the year. What was Upper Crust's cash flow
from operations for 2008?