Question: Please help me solve this problem using the DIRECT METHOD. I understand how to use the indirect method. Please show the excel work. Thank you!!!

Please help me solve this problem using the DIRECT METHOD. I

Please help me solve this problem using the DIRECT METHOD. I understand how to use the indirect method. Please show the excel work. Thank you!!!

Presented below are the 2021 income slatement and comparative baiance sheets for Santana Industries. Additional information for the 2021 fiscal year (\$ in thousands): 1. Cash dividends of $1.200 were declared and paid. 2. Equipment costing $4,400 was purchased with cash. 3. Equipment with a book value of 5700 (cost of $1,900 less accuinulated depreciatilan af 51,200 ) was sald for $700 4. Depreciation of $1,800 is included in operating uxpenses

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!

Can you please help me solve this problem with appropriate schedules ASAP! Thank you! please help!!! it does not have to be 100% correct as long as it make sense its fine for me Ill appreciate your...

I need to solve this problem using time value computations, you must use the FV, PV, PMT functions in Excel. I am having issues understanding which of the 3 is used in this problem. Please help me...

Can you please help me solve this problem. Attached you will find the following problem. I've attempted to do some of it, but I don't truly understand the concepts. Actually if you could just do it,...

I hope you can answer this question and find the reference below the question. Thank you Topic: Conducting personal job interviews using the STAR model 1- Design a two-hour training work plan for 10...

Topic: Conducting personal job interviews using the star model 1-Design a two-hour training work plan for 10 trainees 2-Determine the quality of trainees 3-Use the training design model Formulate one...

Hello, please help with the following problem. Show calculation with explanation step by step. Thank you. Note: no need to convert to dollars. use PKR currency unit. Part 4 is decisions to be made....

MATHEMATICIANS RISE TO A CHALLENGE ne of the theorems we teach in eighth grade is a + b= *, where c is the length of the hypotenuse of a right triangle in Euclidean space, and a and b are the lengths...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

can you solve the maths which are provided in doc file Question 1 Manufacturing Cost Schedule and Income Statement (10marks). This question relates to learning material and objectives from Online...

The posted speed limit on a particular segment of an interstate highway is 65 mph. From past experience, the standard deviation of vehicle speed is 11 mph. To estimate the average speed of vehicles,...

Taliba is a risk analyst. She is conducting a sensitivity analysis to evaluate the riskiness of a new project that her company is considering investing in. Her risk analysis report includes the...

Meqquirec invormenom sarmmartaed ars fotewn Hith , fiscuired: THongequcanh bunget harking

Hypothesis Testing of a Single Mean LCTCS Tuition: Louisiana Community And Technical College System consist of 2 community colleges across the state. I think RPCC's tuition and fees is lower than the...

explain the main factors that influence the choice of a particular pay and reward system and the advantages and disadvantages of different types of systems

1. According to this article what are the key features that attract people to work in a different country?

demonstrate the importance of induction training.