Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows
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Question:
Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the 2012 accounting period. (Leave no cells blank - be certain to enter "0" wherever required. Amounts to be deducted should be indicated with a minus sign. On the income statement, record a minus sign for the total expenses but not for each individual expense. Be sure to list the assets and liabilities in order of their liquidity. Omit the "$" sign in your response.) |
Valmont, Inc. Income Statement For the Year Ended December 31, 2012 | ||
(Click to select)Rent expenseOperating expenseRevenueIncome tax expenseInterest expense | $ | |
Expenses | ||
(Click to select)Service revenueInterest expenseUtility expenseIncome tax expenseSalaries expense | $ | |
(Click to select)Interest expenseUtility expenseSalaries expenseService revenueIncome tax expense | ||
Total Expenses | ||
(Click to select)Net lossNet income | $ | |
Valmont, Inc. Statement of Changes in Stockholders’ Equity For the Year Ended December 31, 2012 | ||
(Click to select)Stockholder's equityBeginning common stockEnding cash balanceBeginning cash balanceRepayment of loan | $ | |
(Click to select)Add: Common stock issuedEnding cash balanceStockholder's equityBeginning common stockEnding common stock | ||
(Click to select)Ending common stockAdd: Common stock issuedEnding cash balanceBeginning common stockStockholder's equity | $ | |
(Click to select)Beginning retained earningsBeginning cash balanceEnding retained earningsRepayment of loanEnding cash balance | ||
(Click to select)Net lossAdd: Net incomeIssued stockShareholder's equityLess: Net income | ||
(Click to select)Issued stockNet lossEnding retained earningsAdd: DividendsLess: Dividends | ||
(Click to select)Ending retained earningsBeginning retained earningsPaid dividendsNet lossIssued stock | ||
Total Stockholders' Equity | $ | |
Valmont, Inc. Balance Sheet As of December 31, 2012 | ||
Assets | ||
(Click to select)BuildingsCashLandVehiclesFurniture | $ | |
(Click to select)VehiclesLandAccounts receivableFurnitureBuildings | ||
Total Assets | $ | |
Liabilities | ||
(Click to select)Accounts payableSalaries payableNotes payableIncome tax payableInterest payable | $ | |
Total Liabilities | $ | |
Stockholders' Equity | ||
(Click to select)Paid dividendsPreferred stockIssued stockPaid up stockCommon stock | ||
(Click to select)Paid up stockPaid dividendsIssued stockPreferred stockRetained earnings | ||
Total Stockholders' Equity | ||
Total Liab. and Stockholders’ Equity | $ | |
Valmont, Inc. Statement of Cash Flows For the Year Ended December 31, 2012 | ||
Cash Flow From Operating Activities | ||
(Click to select)Cash paid to purchase landCash paid for expensesNet decrease in cashCash receipts from customersNet increase in cash | $ | |
(Click to select)Cash receipts from customersNet decrease in cashCash paid for expensesNet increase in cashCash paid to purchase land | ||
Net Cash Flow from Operating Act. | $ | |
Cash Flow From Investing Activities | ||
Cash Flow From Financing Activities | ||
(Click to select)Issue of stockBank loanPaid dividendsRepayment of loanBeginning cash balance | ||
(Click to select)Paid dividendsIssue of stockBeginning cash balanceRepayment of loanBank loan | ||
Net Cash Flow from Financing Act. | ||
(Click to select)Net change in cashBeginning cash balanceEnding cash balanceBank loanRepayment of loan | ||
(Click to select)Add: Beginning cash balanceLess: Beginning cash balanceRepayment of loanBank loanCash balance | ||
Ending Cash Balance |
Related Book For
Survey of Accounting
ISBN: 978-0078110856
3rd Edition
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
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