The 2012 accounting records of Pape Transport reveal these transactions and events. InstructionsPrepare the cash flows from
Question:
The 2012 accounting records of Pape Transport reveal these transactions and events.
InstructionsPrepare the cash flows from operating activities section using the direct method.
Transcribed Image Text:
Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise Payment for land Collection of accounts receivable $ 10,000 Payment of salaries and wages Depreciation expense 18,000 Proceeds from sale of vehicles 12,000 Purchase of equipment for cash 38,000 Loss on sale of vehicles 97,000 Payment of dividends Payment of operating expenses $ 53,000 16,000 812,000 22,000 3,000 14,000 28,000 195,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
Cash flows from operating activities Cash receipts from Customers 24300...View the full answer
Answered By
Amos Kiprotich
I am a wild researcher and I guarantee you a well written paper that is plagiarism free. I am a good time manager and hence you are assured that your paper will always be delivered a head of time. My services are cheap and the prices include a series of revisions, free referencing and formatting.
4.90+
15+ Reviews
21+ Question Solved
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
The 2014 accounting records of Blocker Transport reveal these transactions and events. Instructions Prepare the cash flows from operating activities section using the direct method. Payment of...
-
The 2015 accounting records of Blocker Transport reveal these transactions and events. Instructions Prepare the cash flows from operating activities section using the direct method. (Not all of the...
-
Two blocks are connected by a lightweight string passing over a pulley, as shown in the figure below. The block with mass m = 17.5 kg on the incline plane accelerates up the plane with negligible...
-
In a survey of 106 college students, data were gathered on the number of piercings each student had and the number of classes they had skipped in the past 3 weeks. We want to determine whether there...
-
Three small identical spheres A, B, and C, which can slide on a horizontal, frictionless surface, are attached to three strings of length l which are tied to a ring G. Initially, the spheres rotate...
-
Assume mortgage payments of $1000 per month for 30 years and an interest rate of 1/2% per month. What initial principal or PW will this repay?
-
Endophyte is a fungus Neotyphodium lolli, which lives inside ryegrass plants. It does not spread between plants, but plants grown from endophyteinfected seed will be infected. One of its eects is...
-
The oxidation of nitric oxide takes place in an isothermal batch reactor. The reactor is charged with a mixture containing 20.0 volume percent NO and the balance air at an initial pressure of 380 kPa...
-
7. The full symbol of an ion of an element is 39X+? Which one of the following is the number of electrons in the ion? A. 18 B. 19 C. 20 D. 39 8. The atomic numbers of elements W, X, Y and Z are 9,...
-
Your client, InsureCorp, is an insurance company considering launching an 'income insur- ance product in the island nation of Autarka. Income insurance is a product that fully insures a household...
-
The 2009 income statement for McDonalds Corporation shows cost of goods sold $5,178.0 million and operating expenses (including depreciation expense of $1,216.2 million) $10,725.7 million. The...
-
The following information is available for Washington Mills Corp. for 2012. Cash used to purchase treasury stock .............$ 48,100 Cash dividends paid .....................21,800 Cash paid for...
-
Two cars, A and B, start side by side and accelerate from rest. The figure shows the graphs of their velocity functions. (a) Which car is ahead after one minute? Explain. (b) What is the meaning of...
-
A customer makes two offers to settle a disputed account. He will either pay you $500 today or pay you $650 in three years. Which offer would you accept (keep in mind you are a rational individual...
-
Consider the following $1,000 par value zero-coupon bonds: Bond Years until maturity yield to maturity A 1 B 2 5% 6 C 3 6.5 D 4 7 Try to construct market's expectation of the yield curve one year...
-
"ISC" stands for "IS Curve", "MPC" stands for "MP Curve", "PC" stands for "Phillips Curve" and "OLC" stands for "Okun's Law Curve". You are now describing the policy response (monetary of fiscal) and...
-
Watch and Describe the Doritos Super Bowl 2022 commercial featuring Megan Thee Stallion and the epic '80s anthem "Push It" from rap group Salt-N-Pepa and why you like it. 2. Who is the intended...
-
ABC Company issues $100,000 par value 5-year, 4% bonds with interest payable June 30 and December 31. If the bonds were sold on November 1, in between interest dates, what is the amount of interest...
-
Human wants are _____. a) relatively limited b) relatively unlimited c) easily satisfied d) about equal to our productive capacity
-
Continuation of Exercise 4-83. (a) What is the probability that the first major crack occurs between 12 and 15 miles of the start of inspection? (b) What is the probability that there are no major...
-
Which of the following electron transitions in hydrogen would absorb the largest amount of energy? A. B. C. D. E. n = 2 to n = 3 n 2 to n = 4 n = 1 to n = 4 n = 3 to n = 1 = n n = 7 to n = 1
-
Eileen Corp. had the following balances in receivable accounts at October 31, 2017 (in thousands): Allowance for Doubtful Accounts $52, Accounts Receivable $2,910, Other Receivables $189, and Notes...
-
The following ratios are available for Ming Inc. Instructions (a) Is Ming's short-term liquidity improving or deteriorating in 2017? Be specific in your answer, referring to relevant ratios. (b) Do...
-
Bailey Corp. significantly reduced its requirements for credit sales. As a result, sales during the current year increased dramatically. It had receivables at the beginning of the year of $38,000 and...
-
S&J Catering is a small catering business operating in Western Sydney. Business partners, Jack and Simon, established the business a year ago. To start up the business, the partners contributed...
-
In 20X1, Lee was hurt in the course of his employment with Foster Farms. In 20X1, Lee was paid the following amounts from Foster Farms' worker's compensation insurance company: $30,000 for a physical...
-
Briefly describe tax administrative matters including: Tax collection and withholding mechanisms (PAYG withholding, PAYG instalments).
Study smarter with the SolutionInn App