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B Or A A EvE a) Mike Corporation. Accounts Department have compiled the following data for...

B Or A A EvE a) Mike Corporation. Accounts Department have compiled the following data for the year ended December 31st, 2019

b) State how the statement of cash flows helps investors and creditors perform each of the following functions: i. ii. Predic

22. ) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,00 acquire a 25% investmen

1. b) You are required to identify whether the following bonds will be issued at face value, a premium, or a discount: The ma



3. a) Big Auto Part Inc. is authorized to issue 5,000,000 common shares. In its initial public offering during 2015, Big Part

Q4. The financial statements of NYC Inc. include the following items: Current Year Preceding Year Balance Sheet: Cash Short-t



LE loli Q4. The financial statements of NYC Inc. include the following items: Current Year Preceding Yea Balance Sheet: Cash.
B Or A A EvE a) Mike Corporation. Accounts Department have compiled the following data for the year ended December 31st, 2019: 35,000 40,000 Payment of dividends Proceeds from issuance of common shares Sales revenue Increase in operating current asqets other than cash Repurchase of common shares. Cost of goods sold. $ 6,000 Other operating expenses. Purchase of equipment. 20,000 Decrease in operating current 224,000 liabilities. Payment of note payable 30,000 Proceeds from sale of land. 5,000 Depreciation expense. $100,000 5,000 30,000 60,000 8,000 Prepare the operating activities section of Mike's statement of cash flows for the year ended cember 31st, 2019. Please uses the indirect method for operating cash flows. nswer: Mike Corporation. Statement of Cash flow For Year Ended December 31, 2019 (hp) SHOT ON REDMI Y3 AI DUAL CAMERA
b) State how the statement of cash flows helps investors and creditors perform each of the following functions: i. ii. Predict future cash flows. Evaluate management decisions. HD 0.0. SHOT ON REDMI Y3 AI DUAL CAMERA
22. ) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,00 acquire a 25% investment in Sun - Software Company. Sun - Software reported net income of 640,000 for the first year and declared and paid cash dividends of $420,000. i) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of Sun Software's net income (c) Receipt of the cash dividends. ii) What is the ending balance in Microsoft's investment account? hp SHOT ON REDMI Y3 AI DUAL CAMERA
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3. a) Big Auto Part Inc. is authorized to issue 5,000,000 common shares. In its initial public offering during 2015, Big Parts issued 500,000 common shares for $7.00 per share. Over the next year, Big Auto Part's share price increased and the company issued 400,000 more shares at an average price of $8.50 During the five years from 2015 through 2019, Big Auto Part earned net income of $920,000 and declared and paid cash dividends of $140,000. A 10% stock dividend was distributed to the shareholders in 2015 on the shares outstanding. The market price was $8.00 per share when the stock dividend was distributed. At December 31, 2019, the company has total assets of $14,500,000 and total liabilities of $6,820,000. Requirement: Show the computation of Big Auto Part's total shareholders' equity at December 31, 2019. Present a detailed computation of each element of shareholders' equity. a) Tinntifornnd heinfle. dorneihn fronomonto imonton anch flavra fonmanlar and (hp) ::00:ADUAL CAMERA SHOT ON REDMI Y3
Q4. The financial statements of NYC Inc. include the following items: Current Year Preceding Year Balance Sheet: Cash Short-term investments Net receivables Inventory ..... Prepaid expenses Total current assets Total current liabilities. Income Statement: Net credit sales Cost of goods sold $ 17,000 11,000 64,000 77,000 16,000 $185,000 $111.000 $ 22,000 26,000 73,000 71,000 8,000 $200,000 $ 91,000 $654,000 327,000 Requirement: Compute the following ratios for the current year: a) Current ratio b) Accounts receivable turnover c) Quick (acid-test) ratio d) Days' sales in receivables e) Inventory turnover f Summarize the results of your analysis of the following financial statement data in a written report. hp ON REDMI Y3 00: .: AI DUAL CAMERA
LE loli Q4. The financial statements of NYC Inc. include the following items: Current Year Preceding Yea Balance Sheet: Cash............. Short-term investments. Net receivables. Inventory Prepaid expenses Total current assets Total current liabilities. Income Statement: Net credit sales. Cost of goods sold $ 17,000 11,000 64,000 77,000 16,000 $185,000 $111,000 $ 22,000 26,000 73,000 71,000 8,000 $200,000 $ 91,000 $654,000 327,000 Requirement: Compute the following ratios for the current year: a) Current ratio b) Accounts receivable turnover c) Quick (acid-test) ratio d) Days' sales in receivables e) Inventory turnover f) Summarize the results of your analysis of the following financial statement data in a written report.
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