The following information is available for Tamarisk, Inc. for the year ended December 31, 2017. Beginning...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following information is available for Tamarisk, Inc. for the year ended December 31, 2017. Beginning cash balance $ 47,205 Accounts payable decrease Depreciation expense 3,881 169,938 8,602 Accounts receivable increase Inventory increase 11,539 298,021 36,715 12,588 4,930 Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 303,161 27,274 209,800 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Tamarisk, Inc. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to # The following information is available for Tamarisk, Inc. for the year ended December 31, 2017. Beginning cash balance $ 47,205 Accounts payable decrease Depreciation expense 3,881 169,938 8,602 Accounts receivable increase Inventory increase 11,539 298,021 36,715 12,588 4,930 Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 303,161 27,274 209,800 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Tamarisk, Inc. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to #
Expert Answer:
Answer rating: 100% (QA)
Cash balance at end year 39956400 Tamarisk Inc Statement of Cash Flows For year ended ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $41,000 Accounts payable decrease 3,300 Depreciation expense 173,000...
-
The following information is available for Oscar Corporation for the year ended December 31, 2012. Beginning cash balance .................$ 45,000 Accounts payable decrease ................3,700...
-
Hughes Company has a credit balance of $5,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. Based on review and aging of its accounts receivable at...
-
The allocation of promotional dollars between pull (consumer promotions + media advertising) and push varies drastically for many advertisers across countries. What are the factors behind these...
-
As a member of the city's internal audit team, you have been instructed to observe the procedures regarding the collection of coins from the municipally owned parking meters. You accompany the civic...
-
Cash- or Accrual-Basis Accounting} Karen Raj owns a business that rents parking spots to students at the local university. Karen's typical rental contract requires the student to pay the year's rent...
-
The Howell Company has prepared a sales budget of 43,000 finished units for a 3-month period. The company has an inventory of 11,000 units of finished goods on hand at December 31 and has a target...
-
The graph shows the number of trips taken annually on a certain state's mass The average rate of change from 1992 to 1995 is million per year. transportation system. Find the average rate of change...
-
A soft-drink bottler purchases nonreturnable glass bottles from a supplier. The lower specification on bursting strength in the bottles is 225 psi. The bottler wishes to use variables sampling to...
-
The compound MX has a density of 2.1 gm/cm3 and a cubic unit cell with a lattice parameter of 0.57 nm. The atomic weights of M and X are, respectively, 28.5 and 30 gm/mol. Based on this information...
-
Design a slider-crank mechanism so that the displacement of the slider is proportional to the square of the crank rotation in the interval 45 <0 135. Use three point Chebyshev spacing.
-
1. State the names of the plaintiff and defendant: the volume number: page number: name of the reporter: court that decided the case: 2. Describe the facts of the case. 3. What was the cause of...
-
[ The following information applies to the questions displayed below. ] A process manufacturer reports the following: Units Conversion Percent Complete Beginning work in process inventory 1 8 0 , 0 0...
-
Describe John Rawls' "principle of fair play" in detail and explain how this theory supports a subject's duty to obey the law. Describe the difference between the objective benevolence theory of...
-
Contractor ZYX is developing a proposal for a Government contract and needs to determine its indirect costs for the contract. ZYX's material overhead rate is 89%, labor overhead rate is 111%, and G&A...
-
Solve the recurrence relation with the given initial conditions Xo 0 x 4 x 2xn 1 3xn 2 for n 2 Xn
-
The diameter of a sphere is 18 in. Find the largest volume of regular pyramid of altitude 15 in. that can be cut from the sphere if the pyramid is (a) square, (b) pentagonal, (c) hexagonal, and (d)...
-
1. Nov. 8 Treasury Stock $6,300 CRSummerborn Manufacturing Co. completed the following transactions during 2016: Jan. 16 Declared a cash dividend on the 6%, $97 par noncumulative preferred stock...
-
The following balances appear on the books of Brian Kaufman Enterprises: Retained Earnings, $30,000; Dividends, $5,400; Service Revenue, $20,200; Salaries Expense, $6,800; Rent Expense, $3,000;...
-
Below are data for two companies: Requirements 1. Define the three business types: service, merchandising, and manufacturing. 2. Based on the data given for the two companies, determine the business...
-
Calculate profitability and asset management ratios using sales and receivables data.} - Because sales revenue is such a key component of a company's success, analysts are interested in a large...
-
When is revenue generally considered earned?LO6
-
Explain the criteria for revenue recognition.LO3
Study smarter with the SolutionInn App