The following information was taken from the records of Grimes Pools. Prepare a statement of cash flows

Question:

The following information was taken from the records of Grimes Pools. Prepare a statement of cash flows (direct method) for the period ending December 31, 2012. Assume that all transactions involve cash.

2012 2011 S 4,000 15,000 20,000 2,000 6,000 $ 6,000 15,000 Cash Noncash operating assets Nonoperating assets Operating l

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting in an Economic Context

ISBN: 978-0470635292

8th Edition

Authors: Jamie Pratt

See More Books

Question Posted: Nov 16, 2011 07:14 AM

See More Questions

The following information was taken from the records of Presley Inc. for the year 2014: The following additional information was also available: income tax applicable to income from continuing...
The following information was taken from the records of Clarkson Motorsports, Inc., at November 30, 2012: Requirement 1. Prepare a multi-step income statement for Clarkson Motorsports for the fiscal...
The following information was taken from the records of Daughtry Motorsports, Inc., at November 30, 2012: Requirement 1. Prepare a multi-step income statement for Daughtry Motorsports for the fiscal...
The most common way of calculating finance charges is not the simplified one we used but rather the average daily balance. With this method, we calculate the account balance at the end of each day of...
Listed below are the numbers of Atlantic hurricanes that occurred in each year. The data are listed in order by year, starting with the year 2000. What important feature of the data is not revealed...
On December 31, Year 1, Airways Corp. issued $1 million in bonds at 5 percent annual interest, due December 31, Year 6 at a discount of $100,000. Airways incurred bank fees of $100,000, legal fees of...
Listed below are a number of research questions and hypotheses from actual published articles. For each hypothesis, identify the independent and dependent variable. a. The use of color in a Yellow...
On May 21, 1927, Charles Lindbergh landed at Le Bourget Field in Paris, completing his famous transatlantic solo flight. The preparation period prior to his flight was quite hectic and time was...
Clark Bell started a personal financial planning business when he accepted $53,000 cash as advance payment for managing the financial assets of a large estate. Bell agreed to manage the estate for a...
When Katarina, a 22-year-old did well in her job interview, the manager (Gary) of KompuSoft, an Australian company that has a niche market in the design of training DVDs offered her (Katarina) a job...
Income statement and balance sheet excerpts of Shevlin and Liberty for the period ending December 31, 2012, follow. Compute cash provided (used) by operating activities for the period ending December...
The following information was taken from the records of Romora Supply House. Prepare a statement of cash flows (direct method) for the period ending December 31, 2012. Assume that all transactions...
The late 1970s and early 1980s were years of historically high rates of inflation in Canada. The CPI was at 70.8, 77.1, 84.5, 94.6, 105.4, and 114.1 at the beginning of 1978, 1979, 1980, 1981, 1982,...
Context: One day when visiting the site, a site supervisor brought to your attention the location of an old waste oil tank in a different area of the facility and asked you to include the removal of...
Given an arrival rate of 20 and a mean service rate of 25 customers per hour, what is the average time a customer waits in the system (in minutes)? Show your calculation.
SUBJECT- GLOBAL INVESTMENT What is Organizational Waste? Explain how the Lean Business Model is linked to oganizational waste, sustainability, and the UN sustainabe development goals? How are the...
Casey owns an executive placement agency that he operates as a sole proprietorship. Earlier this year, Casey hired his daughter, Brennan, as a placement advisor. Brennan, who recently earned her MBA,...
Dessler (2017) says an employee needs to establish a prima facie case of discrimination which then shifts the burden of proof to the employer. one of the precedents set by the court ruling in Griggs...
An agency may obtain information concerning activities and organizations that it oversees through a. a subpoena only. b. a search only. c. a subpoena and a search. d. neither a subpoena nor a search.
The maximum pressure that can be developed for a certain fluid power cylinder is 15.0 MPa. Compute the required diameter for the piston if the cylinder must exert a force of 30 kN.
In the structure of acetyl-CoA (Fig. 25.1), point out and identify the phosphorus-containing functional groups. HC-C- HC-C-SCOA Ac-SCOA ZH H3C CH3 slave fofagart OCH, H H OH 2- O3PO OH abbreviated...
The following information was taken from the 2014 annual report of Orleans Enterprises: Related footnote: The 2014 and 2013 balances in the trading securities account consist of 1,600 and 1,800...
A summary of the December 31, 2013 balance sheet of Masonite Tires follows: On January 1, 2014, Masonite purchased 2,000 (20 percent of the outstanding common shares) shares of Bingo Boots for...
A summary of the 2014 balance sheet of Alsop Ltd., follows: On January 1, 2014, Alsop acquired 100 percent of the outstanding common stock of Martin Monthly for $62,000 cash. At the time of the...
Mark has the following utility function: U = ln(w) where w denotes the wealth. Mark has the chance to play in the following lottery: with probability 0.58 the lottery gives $43,750 and with the...
DynCorp's FCFF is expected to be $600 million. The firm's interest expense is $80 million. The net debt of the firm decreases by $40 million. The tax rate is 35%. What are the FCFE, the market value...
I will invest $500,000 in a property and anticipate the following cash flows (assume they occur at the end of each period to make things simple): Cash Flow year 1: $90,000 Cash Flow year 2: $95,000...

The following information was taken from the records of Grimes Pools. Prepare a statement of cash flows

Question:

2012 2011 S 4,000 15,000 20,000 2,000 6,000 $ 6,000 15,000 Cash Noncash operating assets Nonoperating assets Operating liabilities Nonoperating liabilities Contributed capital Retained earnings Revenues 28,000 8,000 4,000 30,000 7,000 26,000 5,000 35,000 Expenses Dividends 34,000 3,000

Step by Step Answer:

Grimes Pools Statement of Cash Flows For the Year Ended December 31 2012 Cash from operating activit...View the full answer

Financial Accounting in an Economic Context

Students also viewed these Managerial Accounting questions