Data table Payment of long-term note payable Depreciation expense. Purchase of equipment with cash Purchase of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Data table Payment of long-term note payable Depreciation expense. Purchase of equipment with cash Purchase of treasury stock.. Gain on sale of land Cost of goods sold Proceeds from issuance of common stock Beginning balance, cash.. $ $ $ 4,000 Payments to employees 4,700 Proceeds from sale of land. 7,000 Payment of dividends 10,000 Payments to suppliers.. 1,400 Increase in salaries payable 110,000 Payment of income tax. 12,500 Collections from customers. 11,000 Sales revenue. $ 64,000 $ 40,500 $ 14,000 $ 63,000 $ 13,500 $ 11,500 $ 156,000 $ 166,000 Orange Groove Spas provides the following data for the year just ended on December 31. (Click the icon to view the data.) Prepare the statement of cash flows using the direct method. Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted or for net cash outflows.) Orange Groove Spas Statement of Cash Flows (Direct Method) For the Year Ended December 31 Operating Activities: Net cash provided by (used for) operating activities Investing Activities: Net cash provided by (used for) investing activities Net cash provided by (used for) operating activities Investing Activities: Net cash provided by (used for) investing activities Financing Activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash, beginning of the year Cash, end of the year Data table Payment of long-term note payable Depreciation expense. Purchase of equipment with cash Purchase of treasury stock.. Gain on sale of land Cost of goods sold Proceeds from issuance of common stock Beginning balance, cash.. $ $ $ 4,000 Payments to employees 4,700 Proceeds from sale of land. 7,000 Payment of dividends 10,000 Payments to suppliers.. 1,400 Increase in salaries payable 110,000 Payment of income tax. 12,500 Collections from customers. 11,000 Sales revenue. $ 64,000 $ 40,500 $ 14,000 $ 63,000 $ 13,500 $ 11,500 $ 156,000 $ 166,000 Orange Groove Spas provides the following data for the year just ended on December 31. (Click the icon to view the data.) Prepare the statement of cash flows using the direct method. Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted or for net cash outflows.) Orange Groove Spas Statement of Cash Flows (Direct Method) For the Year Ended December 31 Operating Activities: Net cash provided by (used for) operating activities Investing Activities: Net cash provided by (used for) investing activities Net cash provided by (used for) operating activities Investing Activities: Net cash provided by (used for) investing activities Financing Activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash, beginning of the year Cash, end of the year
Expert Answer:
Answer rating: 100% (QA)
Orange Groove Spas Statement of Cash Flows for the Year Ended December 31 Cas... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Middleton Spas provides the following data for the year just ended on December 31. Requirement Prepare the operating activities section of Middleton Spas' statement of cash flows for the year just...
-
To prepare the statement of cash flows, accountants for Percy Electric Company have summarized 2016 activity in two accounts: Percy Electric's 2016 income statement and balance sheet data follow:...
-
In Exercises 1318, find the average rate of change of the function from x 1 to x 2 . f(x)=x from x = 4 to x = 9
-
On January 1, 2013, Encino Company issued bonds with a face value of $1,000,000 and a maturity date of December 31, 2022. The bonds have a stated interest rate of 8%, payable on January 1 and July 1....
-
A is 66.0 m long at a 32.0 angle with respect to the +x-axis. B is 51.0 m long at a 55.0 angle above the -x-axis. What is the magnitude of the sum of vectors A and B? What angle # does the sum of...
-
The following sale related transactions for Beautiful Decor, Inc., occurred during the month of April. Requirement 1. Journalize the transactions for Beautiful Decor, Inc. Omit explanations. Apr 3...
-
The condensed statements of Ipex Inc. follow: Required Rounding calculations to two decimal places: 1. Calculate each years current ratio. 2. Express the income statement data in common-size...
-
3.) Given the in-line slider crank mechanism shown: 110 X-7.5 a.) Find the lengths of link 2 and link 3. 15 2 - Sin (15) sin (55) 12=2.5 sin (55) 2 = 2.37 13 - Sin (110) sin (55) (13=8.6 7.5 b.) At...
-
Part 2: Presentation and Data Work (90 marks) You have been asked to collect company data and to create a final written presentation based on your analysis of the data and the performance measures...
-
Design a double-blind placebo-controlled trial to study the effects of sugar on hyperactive children. Please describe how you would design this study.
-
In the case of the CLEM7 tunnel example provided (see Snapshot from Practice: CLEM7 tunnel, Brisbane, Australia), what do you think could have been done in the project to better assess potential...
-
Rework Problem 4.20 if the bundled line has: (a) three ACSR, 1351-kcmil conductors per phase, (b) three ACSR, 900-kcmil conductors per phase, without changing the bundle spacing or the phase spacings...
-
Show that for an heaving-plunging airfoil the aerodynamic propulsion efficiency is \(\eta=\frac{F^{2}+G^{2}}{F}\).
-
The real power delivered by a source to two impedances, \(Z_{1}=3+j 4 \Omega\) and \(Z_{2}=10 \Omega\), connected in parallel, is \(1100 \mathrm{~W}\). Determine (a) the real power absorbed by each...
-
In this zone, we critically examine Fayols Five Elements of Management and consider whether they are still pertinent to organisations over a century after they were first proposed. Jules Henri Fayol...
-
24-x The double integral [ f(x, y) dy dx under teh transformation u = x + y, v = y - 2x, is transformed into 4 u-v 2u+V [1/() S 3 3 0 u/2 fff 0u/2 4 u 0 u/2 3 u-v 2u+v 3 3 ( u-v 3 0-u/2 2u+v 3 f("",...
-
Consider the circuit of Fig. 7.97. Find v0 (t) if i(0) = 2 A and v(t) = 0. 1 3 ett)
-
Select a company you are interested in and obtain its annual reports by going to the companys website. Download the annual report for the most recent year. (On many companies websites, you will need...
-
Bruno Industries manufactures and sells a single product. The controller has prepared the following income statement for the most recent year: The company produced 8,000 units and sold 7,000 units...
-
Maria Dees is the new controller for Harmony Tennis, a designer and manufacturer of tennis attire. Shortly before the December 31 fiscal year-end, Harmony Sapp (the company president) asks Dees how...
-
A sample of students is enrolled in a speed-reading class. Each takes a reading test before and again after the class. The two samples of scores are compared to determine how large an improvement in...
-
A sample of students is enrolled in an online statistics class, and another sample is enrolled in a traditional statistics class. At the end of the semester, the students are given a test. The scores...
-
A sample of 87 one-year-old spotted flounder had a mean length of 126.31 millimeters with a sample standard deviation of 18.10 millimeters, and a sample of 132 two-year-old spotted flounder had a...
Study smarter with the SolutionInn App