Question: A-One Mobile Homes reported the following in its financial statements for the year ended December 31, 2018: Requirements 1. Compute the collections from customers. 2.
A-One Mobile Homes reported the following in its financial statements for the year ended December 31, 2018:
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Requirements
1. Compute the collections from customers.
2. Compute payments for merchandise inventory.
3. Compute payments of other operating expenses.
4. Compute the acquisitions of property, plant, and equipment (no sales of property during 2018).
5. Compute the amount of borrowing, with A-One paying no long-term liabilities.
6. Compute the cash receipt from issuance of common stock.
7. Compute the payment of cash dividends.
2018 2017 Income Statement $ 25,118 $ 21,893 Net Sales Revenue Cost of Goods Sold 18,074 15,501 Depreciation Expense 271 234 Other Operating Expenses 4,632 4,277 Income Tax Expense 530 482 $ 1,611 $ 1,399 Net Income Balance Sheet $ 21 $ 19 Cash Accounts Receivable 798 615 Merchandise Inventory 3,483 2,832 Property, Plant, and Equipment, net 4,351 3,437 Accounts Payable 1,547 1,364 Accrued Liabilities 938 851 Long-term Liabilities 477 461 Common Stock, no par 670 443 Retained Earnings 5,021 3,784
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