Problem 10-5 (IAA) Oakwood Company provided the following data for the year: Cash balance, beginning of year Cash flow from financing activities Cash flow from operating activities Cash flow from investing activities Total shareholders' equity, beginning of year 1,300,000 1,000,000 400,000 (1,500,000) 2,000,000 What is the cash balance at the end of current year? a. 1,200,000 b. 1,600,000 c. 1,400,000 d. 1,700,000
Q: The following information is available for Leah Company: 12.31.2021 12.31.2020 Cash P1,400,000…
A: The cash flow from operating activities is calculated from the change in cash equation
Q: Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows:…
A: Dividend paid is an financing activity item. So Dividend paid is not to be shown under the cash flow…
Q: Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:…
A: Cash flows from operating activities is an important section of cash flow statement of the business…
Q: Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:…
A: Cash flows from operating activities: It is a section of the Statement of cash flow that explains…
Q: P4-4A. Preparing the Financial Statements Listed below are items reported on the financial…
A: Balance sheet: Balance Sheet is one of the financial statements that summarize the assets, the…
Q: le 7,000,000 000 000 4,
A: Profit on Sale of Investment= Sales Proceeds - Cost of Investment = 1250,000-(1750,000-1000,000)…
Q: cash balance at the end of the period is
A: The cash balance at the ending of the year is computed in the following manner : Cash balance at the…
Q: 3-10. (Analyzing a statement of cash flows) Interpret the following information rega ing Westlake…
A: Cashflow: It is a statement showing the flow of cash in different operations. Analysis of the…
Q: The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal…
A: Dividend paid is the amount of return paid to the shareholders of an entity during the year. The…
Q: The comparative partial balance sheets of Barry Company, for Years 1 below in condensed form. Year 2…
A: Barry Company Cash Flow Statement (Indirect Method) For the year ended December 31, Year 2…
Q: The working capital at the end of Year 2 is: * Sample format: 111 Data from National Corporation's…
A: Working capital = current assets - current liabilities
Q: Cash flows from operating activities Cash flows from investing activities Cash flows from financing…
A: Statement of cash flow shows how cash inflows and outflows occur during the reporting period, it…
Q: Assume Cramer uses the direct method to prepare the statement of cash flows. Incometax payable was…
A: Direct method of cash flow: In this method, all the actual cash payments and receipts are recorded…
Q: Jasneet Corporation’s comparative balance sheet for current assets and liabilities was as follows:…
A: Solution: Net cash flows from operating activities = Net Income + Decrease in accounts receivables…
Q: The cash balance of GMC Company is 32700 $ at the beginning of the year. The cash flows during the…
A: Answers
Q: Westmoreland Corporation prepared Its statement of cash flows for the year. The following…
A: Cash Flow Statement is the statement of inflow and outflow of Cash during a particular period. Cash…
Q: What was the firm's cash flow (CF) due to financing activities in the second year if the firm…
A:
Q: 1. The current period statement of cash flows includes the following: Cash balance at the beginning…
A: Statement of cash flows is one of the financial statement of business, which shows and provides…
Q: 3-11. (Working with a statement of cash flows) Given the following information, prep. a statement of…
A: Cash flow statement:(CFS): The statement where the cash that was out from the entity and the cash…
Q: Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as…
A: Cash flow statement means the statement which shows the cash flow in or out of business enterprises…
Q: Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows:…
A: Workings: Prepare the schedule in the changes of current assets and current liabilities.
Q: Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as…
A: The cash flow statement represents the cash inflows and outflows during a particular accounting…
Q: Question 1 Using the following data, prepare the operating activities section of a statement of cash…
A: Note: As per our guidelines, only the first question shall be answered. 1. Statement of Cash…
Q: Alanta Corporation reported the following information for Year 7 and Year 6. December 31 Year 7…
A: Free cashflow = NOPAT + increase in operating assets - increase in operating liabilities
Q: The following are facts about a company's activities: Cash flows from operating activities was…
A:
Q: Cash balance at the beginning of the period $310,000 Net cash flows from operating activities…
A: Introduction Cash flow statement: Cash flow statement is the financial statement which reports cash…
Q: Activity 1. Identify which of the following falls under operating, investing, financing or Non-cash…
A: Cash flow statement is one of the financial statement of business which shows all cash inflows and…
Q: A corporation prepared its statement of cash flows for the year. The following information is taken…
A: Statement of cash flows:This statement reports all the cash transactions which are responsible for…
Q: BGP Electrical Supply is developing its annual financial statements at December 31, current year.…
A: A cash flow statement is a financial statement that shows all the cash outflows and cash inflows.
Q: A company reported average total assets of $249,000 in Year 1 and $292,000 in Year 2. Its net…
A: Formula: Cash flow on total assets ratio = Net operating cash flows / Average total assets where,…
Q: Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as…
A: Cash flow from operating activities shows the changes in the cash relating to the day to day…
Q: . Preparing the Financial Statements Listed below are items reported on the financial statements of…
A: Ending Retain earnings = Total assets - Total Liabilities - Common Stock = $102,200 - 40,250 -…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- # 3 Category. Prior Year Current Year Accounts payable 3,136.00 5,904.00 Accounts receivable 6,838.00 9,068.00 Accruals 5,663.00 6,026.00 Additional paid in capital 20,182.00 13,570.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,844.00 18,591.00 Current portion long-term debt 500 500 Depreciation expense 955.00 1,036.00 Interest expense 1,275.00 1,169.00 Inventories 3,020.00 6,732.00 Long-term debt 16,947.00 22,144.00 Net fixed assets 75,056.00 74,173.00 Notes payable 4,022.00 6,569.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,957.00 34,753.00 Sales 46,360 45,431.00 Таxes 350 920 What is the firm's total change in cash from the prior year to the current year? Submit Answer format: Number: Round to: 0 decimal places.Category Prior Year Current Year Accounts payable 3,159.00 5,955.00 Accounts receivable 6,974.00 8,952.00 Accruals 5,771.00 6,100.00 Additional paid in capital 19,965.00 13,214.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,509.00 18,563.00 Current portion long-term debt 500 500 Depreciation expense 1,044.00 984.00 Interest expense 1,285.00 1,168.00 Inventories 3,015.00 6,719.00 Long-term debt 16,894.00 22,766.00 Net fixed assets 75,882.00 73,989.00 Notes payable 4,022.00 6,500.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,811.00 34,391.00 Sales 46,360 45,993.00 Taxes 350 920 What is the firm's cash flow from operations? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted Attempts Remaining: InfinityCategory Prior Year Current Year Accounts payable ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,516.41 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,946.66 Interest expense 40,500 41,874.31 Inventories 279,000 288,000 Long-term debt 336,467.85 401,942.46 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,499.58 Retained earnings 306,000 342,000 Sales 639,000 854,554.01 Taxes 24,750 48,384.56 ??? What is the current year's return on equity (ROE)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign re rounded to 4 decimal places (ex: 0.0924))
- #2 Category. Prior Year Current Year Accounts payable 3,136.00 5,904.00 Accounts receivable 6,838.00 9,068.00 Accruals 5,663.00 6,026.00 Additional paid in capital 20,182.00 13,570.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,844.00 18,591.00 Current portion long-term debt 500 500 Depreciation expense 955.00 1,036.00 Interest expense 1,275.00 1,169.00 Inventories 3,020.00 6,732.00 Long-term debt 16,947.00 22,144.00 Net fixed assets 75,056.00 74,173.00 Notes payable 4,022.00 6,569.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,957.00 34,753.00 Sales 46,360 45,431.00 Таxes 350 920 What is the firm's cash flow from investing? Submit Answer format: Number: Round to: 0 decimal places.E9-6 Current Position Analysis Obj. 3 .................. The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 20Y9 and December 31, 20Y8: Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Accounts payable Accrued liabilities Total current liabilities ▸ Details Dec. 31, 20Y9 $ 75,000 125,000 250,000 425,000 25,000 $ 900,000 $ 350,000 25,000 $ 375,000 Dec. 31, 2018 $ 50,000 75,000 200,000 305,000 20,000 $ 650,000 $ 230,000 20,000 $ 250,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. b. What conclusions can be drawn from these data?Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,571.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,035.00 Interest expense 40,500 42,155.00 Inventories 279,000 288,000 Long-term debt 339,577.00 401,377.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,171.00 Retained earnings 306,000 342,000 Sales 639,000 849,094.00 Taxes 24,750 47,192.00 What is the current year's entry for long-term debt on a common-sized balance sheet? (ROUND TO 4 DECIMAL PLACES.)
- Current Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,139.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,349.00 Interest expense 40,500 41,741.00 Inventories 279,000 288,000 Long-term debt 337,728.00 398,725.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,280.00 Retained earnings 306,000 342,000 Sales 639,000 847,106.00 Taxes 24,750 48,618.00 What is the current year's return on assets (ROA)? (Round to 4 decimal places.)Problem 17-5 (AICPA Adapted) Investment in Hall Company at equity statement of financial position: Accounts receivable, net of allowance Fearsome Company showed the following comparative 2021 2020 Cash and cash equivalents 2,350,000 600,000 1,000,000 2,200,000 2,000,000 5,000,000 1,050,000) ( 800,000) 400,000 350,000 700,000 850,000 2,000,000 1,500,000 4,000,000 Inventory Land Property, plant and equipment. Accumulated depreciation Goodwill 400,000 12,500,000 9,000,000 Accounts payable Note payable - long term Bonds payable Share capital, P100 par Share premium Retained earnings Treasury shares, at cost 600,000 500,000 1,600,000 5,250,000 2,700,000 1,850,000 550,000 2,100,000 4,000,000 1,750,000 1,300,000 700,000) 12,500,000 9,000,000 Additional information for 2021 1. The net income for the current year was P3,050,000. 2. Cash dividend paid amounted to P2,500,000. 3. The entity sold equipment costing P200,000, with carrying amount of P50,000, for P70,000 cash. 4. The entity issued…
- Given the following Year 9 selected balance sheet data: Assets Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans $116,000 235,000 230,000 $465,000 $ 56,000 0 0 17,000 Total Current Liabilities 73,000 Long-Term Bank Loans 46,000 Total Liabilities 119,000 Year 8 Year 9 Shareholder Equity: Balance Change Common Stock (at a par value of $0.50 per share 10,050 0 10,050 Additional Capital 81,500 0 81,500 Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 162,450 92,000 254,450 254,000 +92,000 346,000 $465,000 Based on the above figures and the definition of the debt:equity percentages (or debt%:equity%) presented in the Help section for p. 5 of the Camera and Drone Journal, the company's debt:equity percentages (rounded to the nearest whole percentage--like 25% and 75%) and its current ratio areProblem 10-2 (IAA) Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning Cash paid to purchase inventory Cash received from sale of trading securities Cash paid for interest on bank loan Cash paid to repay principal amount of bank loan Cash collected from customers Cash received from issuance of ordinary shares Cash paid for dividend Cash paid for income taxes Cash paid to purchase trading securities 1,500,000 7,800,000 2,500,000 450,000 1,000,000 10,000,000 1,200,000 2,000,000 1,350,000 1,000,000 1. What is the net cash provided by operating activities? a. 1,900,000 b. 2,900,000 c. 2,350,000 d. 400,000 2. What is the net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000 3. What is the cash balance at year-end? a. 3,400,000 b. 1,600,000 c. 1,400,000 d. 2,400,000I nino The cash balance of Saadah Company is 32700 OMR at uon 9. the beginning of the year. The cash flows during the ered year are given as follows; ed out of Operating cash inflow: 37800 g question Financing cash inflow: 22300 Investing outflow: 29000 Which of the following is the cash balance at the end of the year. Select one: O a. 121800 O b. 64000 O c. 63800 O d. 68300 Ps ךנכ Ai