I will like to know how to do this by showing step by step. please...
I will like to know how to do this by
showing step by step. please
1. Net income was $22,630, Dividends declared and paid were $19,500. 2. No noncash investing and financing activities occurred during 2017. 3. The land was sold for cash of $4,900. 5y 6000 Instructions (a) Prepare a statement of cash flows for 2017 using the...
Exercise 12-8 (Part Level Submission) Concord Corporation’s comparative balance sheets are presented below. Concord Corporation Comparative...
Exercise 12-8 (Part Level Submission) Concord Corporation’s comparative balance sheets are presented below. Concord Corporation Comparative Balance Sheets December 31 2019 2018 Cash $ 14,500 $ 10,700 Accounts receivable 20,800 23,800 Land 19,600 26,300 Buildings 70,100 70,100 Accumulated depreciation—buildings (15,000 ) (10,700 ) Total $110,000 $120,200 Accounts payable $ 11,800 $ 28,300 Common stock 75,000 73,400 Retained earnings 23,200 18,500...
Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES Comparative Bal
Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIESComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands)20212020AssetsCash$390$170Accounts receivable370200Inventory520355Land525500Building900900Less: Accumulated depreciation(250)(225)Equipment2,5502,210Less: Accumulated depreciation(346)(320)Patent1,1001,300$5,759$5,090LiabilitiesAccounts payable$620$470Accrued liabilities160130Lease liability—land1300Shareholders' EquityCommon stock3,1203,000Paid-in capital—excess of par750715Retained earnings979775$5,759$5,090 METAGROBOLIZE INDUSTRIESIncome StatementFor the Year Ended December...
Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given...
Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash $ 400 $ 170 Accounts receivable 430 230 Inventory 580 370 Land...
Prepare statement of cash flows using the indirect method. The income statement for 2017 and the...
Prepare statement of cash flows using the indirect method. The income statement for 2017 and the balance sheets for 2017 and 2016 are presented for Hoover Industries, Inc. (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) A (Click the icon to view additional information.) Requirement Prepare a statement of cash flows for...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14.500 $10,700 Accounts receivable Land 20,800 19,600 70,100 23,800 26,300 70,100 Buildings Accumulated depreciation-buildings (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11.800 $28,300 Common stock 75,000 73.400 Retained earnings 23,200 18,500 Total $110,000 $120.200 Additional information: 1. Net income was $22,800. Dividends...
Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative...
Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 $ 16,900 25,000 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment $17,700 22,200 15,850 70,050 (10,000) $115,800 59,850 (14,250) $107,550 Total Accounts payable Bonds payable Common stock Retained earnings Total $14,750 10,200 50,500 32,100 $107,550 $11.050 30,200 45,100 29,450...
The comparative balance sheets and income statement for Franklin Corporation follow: Balance Sheets As of December...
The comparative balance sheets and income statement for Franklin Corporation follow: Balance Sheets As of December 31 2017 2016 Assets Cash $ 67,778 $ 41,150 Accounts receivable 29,073 21,320 Merchandise inventory 156,338 171,970 Prepaid rent 2,295 4,590 Equipment 252,050 285,350 Accumulated depreciation (147,740 ) (239,060 ) Land 190,190 78,290 Total assets $ 549,984 $ 363,610 Liabilities Accounts payable (inventory) $...
Rojas Corporation's comparative balance sheets are presented below. 2019 ROJAS CORPORATION Comparative Balance Sheets December 31...
Rojas Corporation's comparative balance sheets are presented below. 2019 ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $14,600 Accounts receivable 20,800 Land 19,800 Buildings 70,000 Accumulated depreciation-buildings (15,300) Total $109,900 $10,000 23,600 25,600 70,000 (10,900) $118,300 Accounts payable Common stock Retained earnings Total $12,100 74,900 22,900 $109,900 $27,800 71,000 19,500 $118,300 Additional information: 1. Net income was $22,600. Dividends...
Presented here are a statement of income and Retained Earnings and Comparative Balance Sheets for Madison Pty Ltd , Whic...
Presented here are a statement of income and Retained Earnings and Comparative Balance Sheets for Madison Pty Ltd , Which Operates a national chain of sporting goods stores. Statement of income and Retained Earnings for the year ended 31 December 2016 Net sales 48000 Cost of Goods sold 36000 Gross Profit 12000 Selling, General and admin Expense 6000 Operating Income...
I will like to know how to do this by
showing step by step. please
1. Net income was $22,630, Dividends declared and paid were $19,500. 2. No noncash investing and financing activities occurred during 2017. 3. The land was sold for cash of $4,900. 5y 6000 Instructions (a) Prepare a statement of cash flows for 2017 using the...
Prepare statement of cash flows using the indirect method. The income statement for 2017 and the balance sheets for 2017 and 2016 are presented for Hoover Industries, Inc. (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) A (Click the icon to view additional information.) Requirement Prepare a statement of cash flows for...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14.500 $10,700 Accounts receivable Land 20,800 19,600 70,100 23,800 26,300 70,100 Buildings Accumulated depreciation-buildings (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11.800 $28,300 Common stock 75,000 73.400 Retained earnings 23,200 18,500 Total $110,000 $120.200 Additional information: 1. Net income was $22,800. Dividends...
Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 $ 16,900 25,000 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment $17,700 22,200 15,850 70,050 (10,000) $115,800 59,850 (14,250) $107,550 Total Accounts payable Bonds payable Common stock Retained earnings Total $14,750 10,200 50,500 32,100 $107,550 $11.050 30,200 45,100 29,450...
Rojas Corporation's comparative balance sheets are presented below. 2019 ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $14,600 Accounts receivable 20,800 Land 19,800 Buildings 70,000 Accumulated depreciation-buildings (15,300) Total $109,900 $10,000 23,600 25,600 70,000 (10,900) $118,300 Accounts payable Common stock Retained earnings Total $12,100 74,900 22,900 $109,900 $27,800 71,000 19,500 $118,300 Additional information: 1. Net income was $22,600. Dividends...
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