Question: Cash flow problem S company Dec 31 2016 Dec 31 2015 Cash 17900 14000 Account Receivable 76700 60000 Inventory 37700 52200 Prepaid expenses 1700 3900

Cash flow problem

S company

Dec 31 2016

Dec 31 2015

Cash

17900

14000

Account Receivable

76700

60000

Inventory

37700

52200

Prepaid expenses

1700

3900

Land

69100

22100

Equipment

82100

59300

Acc dep equipment

(20000)

(10000)

265200

201500

Account payable

35500

31300

Salary payable

30000

21100

Accrued liability

22800

24100

Not payable

52000

38000

Common stock

88200

64000

Retained Earning

36700

23000

265200

201500

Net income

25700

dividends

12000

There were no disposition of assets

Prepare a statement of cash flows for the year ended 12/31/16.

Please view problem in the attachment.

Cash flow problemS company Dec 31 2016 Dec 31 2015 Cash 17900

Cash flow problem S company Cash Account Receivable Inventory Prepaid expenses Land Equipment Acc dep equipment Dec 31 2016 17900 76700 37700 1700 69100 82100 (20000) 265200 Dec 31 2015 14000 60000 52200 3900 22100 59300 (10000) 201500 Account payable Salary payable Accrued liability 35500 30000 22800 31300 21100 24100 Not payable 52000 38000 Common stock Retained Earning 88200 36700 64000 23000 265200 201500 Net income dividends There were no disposition of assets Prepare a statement of cash flows for the year ended 12/31/16. 25700 12000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The Process The production process: Homework - continued 1. Extrudes the polypropylene liner, cools and coils it. 2. Uncoils the liner, braids wire around it and recoils it. 3. Uncoils the wire...

please answer from no. 5 to 7 Accounting 122 Group Project Problem 1 100 Points The comparative financial statements of the Summer Company are as follows The market price of the Summer Company common...

Madden Company's 2 0 1 7 income statement and comparative balance sheets at december 3 1 of 2 0 1 6 and 2 0 1 7 are shown below. Madden Company Income Statement For the Year Ended December 3 1 , 2 0...

please answer all of the question with detailes i have the answers ,but i need the way the were solved SS, Inc. Balance Sheet December 31, 2013 Assets Current Assets Cash Accounts Receivable Less:...

I need explanation for the answers The Chester's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total...

Please see question in attached file, use data from "data" file. Top " Round: 2 Rui Hou Dec. 31, 2016 Student: Rui Hou Andrews Rui Hou Baldwin Chester Digby Selected Financial Statistics Andrews...

Problem 1. Preparation of Basic Financial Statements Below is an alphabetical list of account balances of Kemper Supply Corporation as of December 31,2015 and 2016 prior to the preparation of closing...

The company recently engaged in a restructuring, including the sale of Spice Assets and the Torrance facility .What was the effect on the company's financial position? Re-write the Balance Sheet and...

Hey I need immediate assistance. One of the tutor made this for me. But i guess this is not right. Please can u check on it and edit it as per requirement asap. I need immediate assitance.. Need to...

The upper leg length of 20- to 29-year-old males is normally distributed with a mean length of 43.7 cm and a standard deviation of 4.2 cm. (a) What is the probability that a randomly selected 20- to...

What does research on sensory restriction and restored vision reveal about the effects of experience on perception? After you have fully and completely answered this question from a biological...

Let lim x 4 f ( x ) = 8 and lim x 4 g ( x ) = 3 2 . Use the limit rules to find the following limit . x 4 lim x 4 f ( x ) g ( x ) lim x 4 f ( x ) g ( x ) =

A supersonic jet traveling at Mach 3.00 at an altitude of 20 000 m is directly over a person at time t = 0 as in Figure P17.47. (a) How long will it be before the person encounters the shock wave?...

Use Lenzs law to answer the following questions concerning the direction of induced currents. (a) What is the direction of the induced current in resistor R in Figure P31.28a when the bar magnet is...

A flat, circular, steel loop of radius 75 cm is at rest in a uniform magnetic field, as shown in an edge-on view in Fig. 29.28. The field is changing with time, according to B (t) = (1.4T)e -(0?057...

A rectangle measuring 30.0 cm by 40.0 cm is located inside a region of a spatially uniform magnetic field of 1.25 T, with the field perpendicular to the plane of the coil (Fig. 29.29). The coil is...

this is a case study can you help me to find out and solve this :- Problem statement ?? Analysis ?? alternative ?? recommendation ?? conclusion ?? THE FUTURE OF STARBUCKS The paper coffee cup with...

4. Set up at least one work role that is important for you to master. Reflect on how you can use your time more efficiently, not necessarily spend more time, to perform better in this work role.

3. List four goals that are important to you. Then set up the roles that correspond to these goals. How will you shape your personal vision as a result of your goals and roles?

1. What does this mean for me?