The independent cases are listed below that includes all items
relevant to operating activities:
Case A...
The independent cases are listed below that includes all items
relevant to operating activities:
Case A
Case B
Case C
Sales revenue
$
65,000
$
55,000
$
96,000
Cost of goods sold
35,000
26,000
65,000
Depreciation expense
10,000
2,000
26,000
Salaries and wages expense
5,000
13,000
8,000
Net income (loss)
15,000
14,000
(3,000
)
Accounts receivable increase
(decrease)
(1,000
)
4,000
3,000
Inventory increase
(decrease)
2,000
0
(3,000
)
Accounts payable increase
(decrease)
0
2,500
(1,000
)
Salaries and wages...
The list includes all balance sheet accounts related to cash
from operating activities.
Case X
Case...
The list includes all balance sheet accounts related to cash
from operating activities.
Case X
Case Y
Case Z
Net income
$
4,400
$
110,000
$
79,200
Depreciation expense
33,000
8,800
26,400
Accounts receivable increase
(decrease)
44,000
22,000
(4,400
)
Inventory increase
(decrease)
(22,000
)
(11,000
)
11,000
Accounts payable increase
(decrease)
26,400
(24,200
)
15,400
Accrued liabilities increase
(decrease)
(48,400
)
13,200
(8,800
)
For each of the above separate cases X, Y, and Z, compute cash
flows from...
Income Statement Data
Selected Year-End Balance Sheet
Data
Revenues
$
110,000
Accounts receivable decrease
$
29,000...
Income Statement Data
Selected Year-End Balance Sheet
Data
Revenues
$
110,000
Accounts receivable decrease
$
29,000
Expenses
Purchased a machine for cash
20,000
Salaries expense
68,000
Salaries payable increase
26,000
Utilities expense
30,000
Other accrued liabilities decrease
16,000
Depreciation expense
32,400
Other expenses
7,700
Net loss
$
(28,100
)
Required:
1. Prepare the operating activities section of
the statement of cash flows using the indirect method.
(Any losses or amounts to be deducted should be
indi
a comparative balance sheet for ALPHAinc at December 31,2017 is
shown below.
2017 2016 Change
cash...
a comparative balance sheet for ALPHAinc at December 31,2017 is
shown below.
2017 2016 Change
cash 30,000 35,000 -5,000
accounts receivable 55,000 45,000 10,000
inventory 65,000 45,000 20,000
preppaid expense 15,000 25,000 -10,000
land 70,000 40,000 30,000
right of use of asset 100,000 0 100,000
equipment 90,000 75,000 15,000
accumulated depreciation -18,000 -8,000 -10,000
total 407,000 257,000 150,000
Accounts payable 65,000 52,000 13,000
accrued expense 15,000 18,000 3,000
notes payable 0 23,000 -23,000
bonds payable 30,000 0 30,000
lease...
14 Compare the reasons for the changes in
return on equity for Eastnorth Manufacturing and its...
14 Compare the reasons for the changes in
return on equity for Eastnorth Manufacturing and its industry.
Balance Sheets for INDUSTRY:
December 31
2017
2016
2015
ASSETS
Cash and marketable securities
$30,000
$25,000
$20,000
Accounts receivable
110,000
90,000
60,000
Inventories
100,000
80,000
80,000
Total current assets
240,000
195,000
160,000
Gross plant and equipment
250,000
220,000
200,000
Less: accumulated depreciation
−100,000
−65,000
−50,000
Net plant and equipment
150,000
155,000
150,000
Land
50,000
50,000
50,000
Total fixed assets
200,000
205,000
200,000
Total...
Exam 2 Softbyte Inc. Balance Sheet December 31, 2012 Assets Cash
$500,000 Accounts Receivable 700,000 Inventory...
Exam 2 Softbyte Inc. Balance Sheet December 31, 2012 Assets Cash
$500,000 Accounts Receivable 700,000 Inventory 300,000 Property,
Plant & Equipment 900,000 Accumulated Depreciation (100,000)
Total Assets $2,300,000
Liabilities & Equity Accounts Payable $300,000 Notes Payable
1,000,000 Common Stock 500,000 Retained Earnings 500,000 Total
Liabilities & Equity $2,300,000
Instructions: Open the balances in the T-accounts (general
ledger). Post the journal entries to the T-accounts (general
ledger). Prepare an income statement, statement of retained
earnings, balance sheet, and statement of cash...