Smart Cellular accountants have assembled the following data for the year ended April 30, 2016: Prepare the
Question:
Prepare the operating activities section using the indirect method for Smart Cellular's statement of cash flows for the year ended April 30, 2016.
Transcribed Image Text:
26,000 Net income Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 62,000 36,000 18,000 5,000 ncrease in current assets other than cash 26,000 4,000 5,600 Cash purchase of equipment Decrease in current liabilities
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
SMART CELLULAR Statement of Cash FlowsPartial Year Ended April 30 2016 Cash ...View the full answer
Answered By
Robert Mwendwa Nzinga
I am a professional accountant with diverse skills in different fields. I am a great academic writer and article writer. I also possess skills in website development and app development. I have over the years amassed skills in project writing, business planning, human resource administration and tutoring in all business related courses.
4.90+
187+ Reviews
378+ Question Solved
Related Book For
Horngrens Accounting
ISBN: 978-0133866889
11th edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Managerial Accounting questions
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2012: 1. Prepare the operating activities section using the indirect method for One Way Cellulars...
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2014: Prepare the operating activities section using the indirect method for One Way Cellulars...
-
Winding Road Cellular accountants have assembled the following data for the year ended April 30, 2018: Prepare the operating activities section using the indirect method for Winding Road Cellular's...
-
Question 2A) Explain the differences between right issues and bonusissues. Your answer should include the advantages and disadvantagesof both right issues and bonus issues. [ 8marks}b) Explain pos 0...
-
Yahoo.coms finance Internet site provides summary financial information about public companies, such as stock quotes, recent financial filings with the Securities and Exchange Commission, and recent...
-
From Exercise 9-2, journalize the receipt of a check from Pearl Co. for payment of invoice no. 1 on May 24. In Exercise 9-2, 201X May 16 Sold merchandise on account to Pearl Co., invoice no. 1, $900....
-
In September 2013, Ugo Mattera entered into a written construction contract with Baja Properties, LLC. Stephen Chad Golden, the sole owner of Baja Properties, signed the contract and addendums on...
-
A mixture containing 65.0 mole% acetone (Ac) and the balance acetic acid (AA) is separated in a continuous distillation column at 1 atm. A flowchart for the operation is as follows: The overhead...
-
A broadcasting antenna emits a power of 40 W. The gain of the antenna is 300L. The receiving antenna is at a distance of 50 km from the transmitting antenna, and its effective surface area is 10-2 m....
-
Your boss at Xiangling Hu Products, Inc., has just provided you with the schedule and lead times for the bracket in Problem 14.3. The unit is to be prepared in week 10. The lead times for the...
-
This problem continues the Daniels Consulting situation from Problem P15-23 of Chapter 15. Daniels Consulting's comparative balance sheet is shown below. Additional data follow: a. Depreciation...
-
Use the data in Short Exercise S16-5 to complete this exercise. Prepare Smart Cellular's statement of cash flows using the indirect method for the year ended April 30, 2016. Assume beginning and...
-
A cable TV/Internet/phone provider charges Janet $90 per month for all three services. In addition, Janet's monthly bill for cell phone calls and text messages averages $77 per month. a. What does...
-
How to test the existence of Heteroskedasticity in the linear regression model? State the Breusch-Pagan test and White test. How to obtain the feasible generalized least square estimator? Explain...
-
In your view, is a training on grit strategically beneficial to a company? Why? Explain.
-
Desired Action Financial Statement 1. Compare revenues with expenses and analyze profitability 2. Analyze how much cash was spent on investing activities 3. Compare stockholders' equity at the...
-
Explain what is the summary of Indigenous feminism in Canada by Suzack Cheryl
-
How to stay sane in a busy world? How do you stay sane in this busy world? How do you relax and recharge yourself? Is there such a thing as " work-life balance ", does that even exist, can it be...
-
Judges cost an extraordinary amount of money. To attract competent personnel to the judiciary, salaries must be comparable to what an exceptional lawyer would earn in private practice. A way to...
-
A crop-dusting plane flies over a level field at a height of 25 ft. If the dust leaves the plane through a 30 angle and hits the ground after the plane travels 75 ft, how wide a strip is dusted? See...
-
How is sales tax recorded? Is it considered an expense of a business? Why or why not?
-
What is the difference between gross pay and net pay?
-
What is the difference between gross pay and net pay?
-
Quantitative Problem 1: Assume today is December 31, 2019. Barrington Industries expects that its 2020 after tax operating income [EBIT(1-T)] will be $400 million and its 2020 depreciation expense...
-
Diversity in the Workplace Share an article that shows an example of the importance of cultural diversity in the global workplace. As Christians, how can we promote diversity in our future workplaces?
-
There is a need for a parking lot within a given town. A land in a suitable location is available for purchase that they could pave to provide some additional parking. Based on a survey of local...
Study smarter with the SolutionInn App