Use the data in Short Exercise to complete this exercise. In Short Exercise Prepare One Way Cellulars
Question:
Use the data in Short Exercise to complete this exercise.
In Short Exercise
Prepare One Way Cellular’s statement of cash flows using the indirect method for the year ended September 30, 2014. Assume beginning and ending Cash are $ 40,000 and $ 100,900,respectively.
Transcribed Image Text:
Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 34,000Net income 20,000 Cash purchase of equipment 6,100 Decrease in current liabilities 55,000 39,000 19,000 14,000 30,000Increase in current assets other than cash
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (19 reviews)
ONE WAY CELLULAR Statement of Cash Flows ...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Managerial Accounting questions
-
Use the data in Short Exercise to prepare Ethan Corporations statement of cash flows for the year ended June 30, 2010. Ethan uses the indirect method for operatingactivities. Net in Payment of...
-
Use the data in Short Exercise to prepare Middleton Golf Club, Inc. s statement of cash flows for the year ended September 30, 2010. Middleton uses the direct method for operatingactivities. Cost of...
-
Use the data in Short Exercise S16-5 to complete this exercise. Prepare Smart Cellular's statement of cash flows using the indirect method for the year ended April 30, 2016. Assume beginning and...
-
What are the lessons of the 1997 Asian financial crisis? Were the IMF supported adjustment programs successful in their objective? Were there flaws in their design?
-
Iodine, I2, dissolves in an aqueous solution of iodide ion, I, to give the triiodide ion, I3. This ion consists of one iodine atom bonded to two others. Describe the bonding of I3 in terms of valence...
-
What major psychological processes influence consumer responses to the marketing program?
-
Show that by writing the velocity in terms of the similarity variable \(\eta\) and the function \(f(\eta)\), the momentum equation for boundary layer flow on a flat plate (Eq. 9.9b) can be written as...
-
On May 31, 2012, Laban Company had a cash balance per books of $5,681.50. The bank statement from Citizens Bank on that date showed a balance of $7,964.60. A comparison of the statement with the Cash...
-
EMMA WATSON, STEPHEN WATSON, CARTER OLIVIERA, an infant under the age of eighteen years by his Litigation Guardian, EMMA WATSON and ABIGAIL OLIVIERA, an infant under the age of eighteen years, by her...
-
What qualifications should the systems analysis team be looking for when hiring their new ecommerce development team member? Is it more important to know specific languages or to have an aptitude for...
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2014: Prepare the operating activities section using the indirect method for One Way Cellulars...
-
Kyler Media Corporation had the following income statement and balance sheet for 2015: KYLER MEDIA CORPORATION Income Statement Year Ended December 31, 2015 Sales Revenue ..................... $...
-
New manufacturing technologies are often viewed as labor saving in nature. Using a production-possibilities frontier with manufactured goods on one axis and (laborintensive) services on the other...
-
The firm with the least ability to withstand a strike would be a __________. a) manufacturing firm b) service firm c) diversified firm
-
Which is the most accurate statement about the card check law? a) It would make it easier for unions to organize workers. b) It would make it harder for unions to organize workers. c) It is opposed...
-
The decline in washing machine prices in the 1950s led to an increase in the employment of women because the ______. a) output effect outweighed the substitution effect b) substitution effect...
-
Since the mid-1950s union membership has _______. a) increased substantially b) increased moderately c) stayed about the same d) decreased moderately e) decreased substantially
-
Which statement is true? a) Labor unions are much more powerful today than they were 50 years ago. b) Strikes have caused great economic disruption in recent years. c) There have been no lockouts...
-
Summarize the ways the Fair Labor Standard Act regulates compensation.
-
Find the market equilibrium point for the following demand and supply functions. Demand: 2p = - q + 56 Supply: 3p - q = 34
-
Birds and mammals are both endotherms, and they both have a four-chambered heart. Why are birds classified as reptiles rather than as mammals?
-
Discuss how slower population growth will affect businesses in your local community.
-
Discuss the impact of changes in the size and use of technology in the 1829 age group on marketing strategy planning in the United States.
-
Name three specific examples of firms that developed a marketing mix to appeal to senior citizens.
-
Kathy is mixing fruit punch in a 32-cup punch bowl for a party. She plans to add at least 20 cups of fruit juice to the bowl before adding ginger ale. Identify the graph that represents the amounts...
-
A restaurant has fixed costs of $ 1 3 2 . 5 0 per day and an average unit cost of $ 4 . 7 5 for each meal served. If a typical meal costs $ 6 , how many customers must eat at the restaurant each day...
-
A machine to manufacture fasteners has a setup cost of $ 1 , 4 0 0 and a unit cost of $ 0 . 0 0 3 for each fastener manufactured. A newer machine has a setup cost of $ 1 , 7 5 0 but a unit cost of...
Study smarter with the SolutionInn App