At the beginning of the year, a machine was purchased through a bank loan for $15,000. Installation
Question:
At the end of the year, the net income was 3,000. Depreciation expense 1,565. Payment of the principal amount $2300.
Prepare the statement of cash flows
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Cash Flow statement Operating Cash flow Net In...View the full answer
Answered By
Akash Goel
I am in the teaching field since 2008 when i was enrolled myself in chartered accountants course
Since then i have an experience of teaching of class XI, XII, BCOM, MCOM, MBA, CA CPT.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
Question Posted:
Students also viewed these Cost Accounting questions
-
At the beginning of the year, Wongs Martial Arts Centre bought three used fitness machines from Hangar Inc. for a total cash price of $ 38,000. Transportation costs on the machines were $ 2,000. The...
-
At the beginning of the year, Labinski Inc. bought three used machines from Dumas Corporation for a total cash price of $ 62,000. Transportation costs on the machines were $ 3,000. The machines were...
-
At the beginning of the year, Young Company bought three used machines from Vince, Inc. The machines immediately were overhauled, were installed, and started operating. Because the machines were...
-
The president has become discouraged with his current economic advisory team. He has searched the colleges and your name keeps coming up as one of the very best macroeconomic analysts in the country....
-
Solve the following differential equation from t = 0 to 1 dy/dt = 10y With the initial condition y(0) = 1. Use the following techniques to obtain your solutions: (a) Analytically, (b) The explicit...
-
The City of Sweetwater maintains an Employees Retirement Fund, a singleemployer, defined benefit plan that provides annuity and disability benefits. The fund is financed by actuarially determined...
-
Stability of flow in torsional flow. Taylor determined the critical speed of rotation for flow between concentric cylinders with the inner cylinder rotating. The transition is characterized by a...
-
The balance sheet for Focus Consulting reports the following information on July 1,2012. Focus decides to redeem these bonds at 101 after paying semiannual interest. Prepare the journal entry to...
-
Image transcription text THE REPORT: Your company is making a new component. You conduct a stress analysis and determine that the widget must be Fabricated from a material having a yield strength of...
-
Ethyl alcohol (ethanol) can be produced by the fermentation of sugars derived from agricultural products such as sugarcane and corn. Some countries without large petroleum and natural gas...
-
Johnson Company manufactures widgets. Old Ham Company has approached Jones with a proposal to sell the company one of the components used to make widgets at a price of 5100,000 for 50,000 units....
-
A manufacturing company produces 80,000 units of product A at a total cost of 52.4 million. Total fixed costs are 51.4 million. If the company increases production by 25% and uses a 40% markup, the...
-
In Exercises 2334, write a formula for the general term (the nth term) of each arithmetic sequence. Do not use a recursion formula. Then use the formula for a n to find a 20 , the 20th term of the...
-
This question below is an example of a: How likely are you to purchase leggings in the next six months? 1= Definitely will purchase 2= Probably will purchase 3= Might or might not purchase 4=...
-
Currently I am paying $60.00 a month for my service. I would like to upgrade to the $80.00 service package because my new employer offers 20% discount with your company. What would be the cost...
-
Annual Income Tax rate in Wachanda is as follows: From $0 - $20,000 - 5% From $20,000 - $50,000 - 10% Anything more than 50,000 - 20% How much tax do you pay if you make $75,000 ?
-
Answer provided in above link is wrong. Franking Credit has not been added to net profit. Also how much normal loss can be carried forward ?...
-
Assume Better Brakes makes $10,000 in profits the first year, and those profits are equally distributed as dividends to Tommy and Richard. How will those profits be taxed? Assume Better Brakes makes...
-
The net accounts receivable on the books of GJY Corp. as of 1 January 20X3 are as follows: Accounts receivable ............................................................. $ 281,000 Less: Allowance...
-
If a and b are positive numbers, find the maximum value of f ( x ) = x a (9 x ) b on the interval 0 x 9.
-
Determine by direct integration the moment of inertia of the shaded area with respect to the y axis. x= ky3
-
A gate assembly consisting of a 24-kg gate ABC and a 66-kg counterweight D is attached to a 24-mm-diameter shaft B which fits loosely in a fixed bearing. Knowing that the coefficient of static...
-
Determine by direct integration the moment of inertia of the shaded area with respect to the y axis. y = ke-via
-
I need to find out how to calculate the 3-year % rate of return. The information I have is a $10,000 investment and a 12-month yield percentage (1.138 for AB company, 1.894 for AIG company, 0.679 for...
-
Anna has an investment that will bring her $100 with a 30% probability and $40 with a 70% probability. Anna's Utility function is U = Y (1/2) . Where Y= income. Anna is considering selling this...
-
on January 1, 2000, the price of koka kola was $10. on jan and, 2020, the shares were worth $100. the stock Paid no dividends during the period. what is the annual geometric return.
Study smarter with the SolutionInn App