A Building of cost $25,000 was purchased. The prepaid expenses relate to salaries. Bonds with face...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A Building of cost $25,000 was purchased. The prepaid expenses relate to salaries. Bonds with face value $12,000 were retired at 95 and new bonds issued at Face value. No Treasury shares were sold. Calculate the Cash Collected from Customers I Calculate the Cash paid to Suppliers Calculate the Operating Cash Flows Calculate the net cash from investing Calculate the dividends paid Calculate the net cash from Financing Cash Accounts Receivable Inventory Prepaid Salaries Long-term Assets Building Accumulated Depreciation Total Assets Accounts Payable Interest Payable Taxes Payable Long Term Liabilities Bonds Payable Equities Common Stock @par Paid-in-Capital in Excess of Par Retained Earnings Treasury stock at Cost Total Liabilities and Equity Income statement for Niagara Company, 2022; Sales 105,400 Depreciation Expense COGS Salaries Expense Interest Expense Tax Expense Loss on Sale of Building Total Expenses Net Income 77,100 28,400 2022 8,400 17,500 33,800 5,700 8,000 3,700 77,100 20,000 14,600 44,000 6,000 110,000 (30,000) 164,600 8,800 3,800 4,000 84,000 18,000 20,000 38,000 (12,000) 164,600 2021 10,000 12,400 36,000 8,000 94,000 (24,000) 136,400 6,400 5,000 5,000 74,600 15,000 12,400 18,000 -0- 136,400 Direct Method Cash From Customers Cash to suppliers Cash Salaries Paid Cash Interest Paid Cash Taxes Paid Cash From Operations Investing Cash paid for Assets Purchased Cash paid for Assets Sold Net Cash inflow (outflow) from Investing Financing Cash obtained from Issuing Bonds Cash used to retire bonds Cash obtained from Issuing Stock Cash used to buyback stocks Dividends paid Net Cash inflow (outflow) from Financing Change in Cash Operations Investing Total Financing Total A Building of cost $25,000 was purchased. The prepaid expenses relate to salaries. Bonds with face value $12,000 were retired at 95 and new bonds issued at Face value. No Treasury shares were sold. Calculate the Cash Collected from Customers I Calculate the Cash paid to Suppliers Calculate the Operating Cash Flows Calculate the net cash from investing Calculate the dividends paid Calculate the net cash from Financing A Building of cost $25,000 was purchased. The prepaid expenses relate to salaries. Bonds with face value $12,000 were retired at 95 and new bonds issued at Face value. No Treasury shares were sold. Calculate the Cash Collected from Customers I Calculate the Cash paid to Suppliers Calculate the Operating Cash Flows Calculate the net cash from investing Calculate the dividends paid Calculate the net cash from Financing A Building of cost $25,000 was purchased. The prepaid expenses relate to salaries. Bonds with face value $12,000 were retired at 95 and new bonds issued at Face value. No Treasury shares were sold. Calculate the Cash Collected from Customers I Calculate the Cash paid to Suppliers Calculate the Operating Cash Flows Calculate the net cash from investing Calculate the dividends paid Calculate the net cash from Financing Cash Accounts Receivable Inventory Prepaid Salaries Long-term Assets Building Accumulated Depreciation Total Assets Accounts Payable Interest Payable Taxes Payable Long Term Liabilities Bonds Payable Equities Common Stock @par Paid-in-Capital in Excess of Par Retained Earnings Treasury stock at Cost Total Liabilities and Equity Income statement for Niagara Company, 2022; Sales 105,400 Depreciation Expense COGS Salaries Expense Interest Expense Tax Expense Loss on Sale of Building Total Expenses Net Income 77,100 28,400 2022 8,400 17,500 33,800 5,700 8,000 3,700 77,100 20,000 14,600 44,000 6,000 110,000 (30,000) 164,600 8,800 3,800 4,000 84,000 18,000 20,000 38,000 (12,000) 164,600 2021 10,000 12,400 36,000 8,000 94,000 (24,000) 136,400 6,400 5,000 5,000 74,600 15,000 12,400 18,000 -0- 136,400 Cash Accounts Receivable Inventory Prepaid Salaries Long-term Assets Building Accumulated Depreciation Total Assets Accounts Payable Interest Payable Taxes Payable Long Term Liabilities Bonds Payable Equities Common Stock @par Paid-in-Capital in Excess of Par Retained Earnings Treasury stock at Cost Total Liabilities and Equity Income statement for Niagara Company, 2022; Sales 105,400 Depreciation Expense COGS Salaries Expense Interest Expense Tax Expense Loss on Sale of Building Total Expenses Net Income 77,100 28,400 2022 8,400 17,500 33,800 5,700 8,000 3,700 77,100 20,000 14,600 44,000 6,000 110,000 (30,000) 164,600 8,800 3,800 4,000 84,000 18,000 20,000 38,000 (12,000) 164,600 2021 10,000 12,400 36,000 8,000 94,000 (24,000) 136,400 6,400 5,000 5,000 74,600 15,000 12,400 18,000 -0- 136,400 Cash Accounts Receivable Inventory Prepaid Salaries Long-term Assets Building Accumulated Depreciation Total Assets Accounts Payable Interest Payable Taxes Payable Long Term Liabilities Bonds Payable Equities Common Stock @par Paid-in-Capital in Excess of Par Retained Earnings Treasury stock at Cost Total Liabilities and Equity Income statement for Niagara Company, 2022; Sales 105,400 Depreciation Expense COGS Salaries Expense Interest Expense Tax Expense Loss on Sale of Building Total Expenses Net Income 77,100 28,400 2022 8,400 17,500 33,800 5,700 8,000 3,700 77,100 20,000 14,600 44,000 6,000 110,000 (30,000) 164,600 8,800 3,800 4,000 84,000 18,000 20,000 38,000 (12,000) 164,600 2021 10,000 12,400 36,000 8,000 94,000 (24,000) 136,400 6,400 5,000 5,000 74,600 15,000 12,400 18,000 -0- 136,400 Direct Method Cash From Customers Cash to suppliers Cash Salaries Paid Cash Interest Paid Cash Taxes Paid Cash From Operations Investing Cash paid for Assets Purchased Cash paid for Assets Sold Net Cash inflow (outflow) from Investing Financing Cash obtained from Issuing Bonds Cash used to retire bonds Cash obtained from Issuing Stock Cash used to buyback stocks Dividends paid Net Cash inflow (outflow) from Financing Change in Cash Operations Investing Total Financing Total Direct Method Cash From Customers Cash to suppliers Cash Salaries Paid Cash Interest Paid Cash Taxes Paid Cash From Operations Investing Cash paid for Assets Purchased Cash paid for Assets Sold Net Cash inflow (outflow) from Investing Financing Cash obtained from Issuing Bonds Cash used to retire bonds Cash obtained from Issuing Stock Cash used to buyback stocks Dividends paid Net Cash inflow (outflow) from Financing Change in Cash Operations Investing Total Financing Total Direct Method Cash From Customers Cash to suppliers Cash Salaries Paid Cash Interest Paid Cash Taxes Paid Cash From Operations Investing Cash paid for Assets Purchased Cash paid for Assets Sold Net Cash inflow (outflow) from Investing Financing Cash obtained from Issuing Bonds Cash used to retire bonds Cash obtained from Issuing Stock Cash used to buyback stocks Dividends paid Net Cash inflow (outflow) from Financing Change in Cash Operations Investing Total Financing Total
Expert Answer:
Answer rating: 100% (QA)
The information provided in the images is intended to form part of a cash flow statement using the direct method However to calculate the cash flow amounts for different categories such as Cash Collec... View the full answer
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these finance questions
-
Nike, Inc.s principal business activity involves the design, development, and worldwide marketing of athletic footwear, apparel, equipment, accessories, and services for serious and recreational...
-
The following financial statements are for Troi Company. Consider the following additional information: (a) All accounts payable relate to inventory purchases. (b) Property, plant, and equipment sold...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Determine whether each of these statements is true or false. a) x {x} b) {x} {x} c) {x} {x} d) {x} {{x}} e) {x} f) {x}
-
RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive...
-
R. Burton is employed at an annual salary of $43 056 paid semi monthly. The regular workweek is 36 hours. (a) What is the regular salary per pay period? (b) What is the hourly rate of pay? (c) What...
-
In the context of the model considered by Grossman [840] (as presented in Sect. 8.2), prove that there exists a Green-Lucas equilibrium price functional \(\phi^{*}: \mathscr{Y} ightarrow...
-
The unadjusted trial balance of La Mesa Laundry at August 31, 2018, the end of the fiscal year, follows: The data needed to determine year-end adjustments are as follows: (A) Wages accrued but not...
-
EMPLOYMENT LAW AND LEGISLATION Case Briefing Worksheet A case brief is a summary of a judicial opinion outlined in a form that clarifies the facts, issues, holding and rationale in that opinion. It...
-
The flowchart below shows the August production activity of the punching and bending departments of Wire Box Company. Use the amounts shown on the flowchart to compute the missing numbers identified...
-
1. When you are going for a run, as you start to pick up pace, what is your nerve input (sympathetic or parasympathetic)? What is the affect on heart rate (increase or decrease); stroke volume...
-
Question 2. Company B operates a chain of stores that sell different styles of inexpensive products with identical unit costs and selling prices. The selling price is 27,5 $ per unit. Each store has...
-
What constitutes the ABC inventory system, and what methodologies does it employ to oversee and control inventory effectively?
-
What are the communication protocols for: Telephone use - distinguish between internal and external communications Internal memos Electronic communications, including: Use of emails Other forms of...
-
What kind of research questions are the most popular among retailers? What kind of research methods can support these problems?
-
How can leaders implement strategies to adeptly oversee diverse and geographically dispersed teams, utilizing cultural variations as a catalyst for gaining competitive advantage instead of hindering...
-
Consider the differential equation (1-x)y"-xy' + py = 0, where p is a constant. (5a) Find two linearly independent series solutions valid for x < 1 (5b) Show that if p = n where n is a non-negative...
-
-4 1 9. Let A = Find A-1, (A") and verify that (A")= (A-1)".
-
At December 31, 2018, the Accounts Receivable balance of GPS Technology is $200,000. The Allowance for Bad Debts account has a $24,110 debit balance. GPS Technology prepares the following aging...
-
Owen Company issued a $110,000, 11%, 10-year bond payable at 94 on January 1, 2018. Interest is paid semiannually on January 1 and July 1. Requirements 1. Journalize the issuance of the bond payable...
-
For each account listed, identify whether the account is a temporary account (T) or a permanent account (P). a. Rent Expense b. Prepaid Rent c. Equipment d. Common Stock e. Salaries Payable f....
-
Please reflect on and explain the role and usefulness of the concept of SD in relation to the protection of the environment.
-
Has the concept of SD achieved the balance between all three pillars: environmental protection; economic development; and social issues?
-
Why is it said that the PSNR principle has both a right and a duty side? Which one is most relevant with respect to international environmental law?
Study smarter with the SolutionInn App