Financial Accounting
14th Edition
ISBN: 9781305088436
Author: Carl Warren, Jim Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 1, Problem 24E
A summary of
The cash balance as of June 1, 2015, was $58,000.
Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 2016.
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The following is the comparative balance sheet of Manish Ltd. Prepare
a Cash Flow Statement for the year ended 31 December, 2016 from
the details given below:
Liabilities
Assets
31st Dec., 31st Dec.,
2015
31st Dec., 31st Dec.,
2015
2016
2016
Share Capital
Reserves & Surplus 730,000 755,000
Long-term loans
Current Liabilities
Fixed assets 760,000 792,500
Depreciation 717,500 27,500
Inventory
Accounts
740,000 740,000
720,000 30,000
715,000 26,000
740,000 735,000
20,000 734,000
Receivable
Dividend Provision
78,000
マ1,05,000 1,59,000
Cash
72,500
725,000
そ1,05,000 マ1,59,000
The Income statement for Manish Ltd. for the year ended 31
December 2015 shows the following
information:
Amount(*)
1,45,000
99,000
12,500
8,000
Sales
Cost of Sales
Tax provisions
Dividend provided
The following is the comparative balance sheet of Manish Ltd. Prepare
a Cash Flow Statement for the year ended 31 December, 2016 from
the details given below:
Liabilities
Assets
31st Dec., 31st Dec.,
2015
31st Dec., 31st Dec.,
2015
2016
2016
Share Capital
Reserves & Surplus 30,000 755,000
Long-term loans
Current Liabilities
740,000 40,000
Fixed assets 760,000 792,500
Depreciation 17,500 727,500
Inventory
Accounts
720,000 730,000
715,000 26,000
740,000 735,000
20,000 734,000
Receivable
Dividend Provision
25,000
71,05,000 1,59,000
The Income statement for Manish Ltd. for the year ended 31
78,000
1,05,000 1,59,000
Cash
72,500
December 2015 shows the following
information:
Sales
Cost of Sales
Tax provisions
Dividend provided
Amount()
1,45,000
99,000
12,500
8,000
Ames Company reported 2017 net income of $151,000. During 2017, accounts receivable increased by $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000. Prepare the cash flows from operating activities section of the statement of cash flows.
Chapter 1 Solutions
Financial Accounting
Ch. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - Prob. 3DQCh. 1 - Josh Reilly is the owner of Dispatch Delivery...Ch. 1 - On July 12, Reliable Repair Service extended an...Ch. 1 - Prob. 6DQCh. 1 - Describe the difference between an account...Ch. 1 - A business had revenues of 679,000 and operating...Ch. 1 - A business had revenues of 640,000 and operating...Ch. 1 - The financial statements are interrelated. (a)...
Ch. 1 - On February 22, Kountry Repair Service extended an...Ch. 1 - On March 31, Higgins Repair Service extended an...Ch. 1 - Brock Hahn is the owner and operator of Dream-It...Ch. 1 - Fritz Evans is the owner and operator of...Ch. 1 - Arrowhead Delivery Service is owned and operated...Ch. 1 - Interstate Delivery Service is owned and operated...Ch. 1 - Prob. 4PEACh. 1 - The revenues and expenses of Sentinel Travel...Ch. 1 - Using the income statement for Ousel Travel...Ch. 1 - Using the income statement for Sentinel Travel...Ch. 1 - Using the following data for Ousel Travel Service...Ch. 1 - Using the following data for Sentinel Travel...Ch. 1 - A summary of cash flows for Ousel Travel Service...Ch. 1 - A summary of cash flows for Sentinel Travel...Ch. 1 - Prob. 8PEACh. 1 - Prob. 8PEBCh. 1 - The following is a list of well-known companies:...Ch. 1 - Prob. 2ECh. 1 - Ozark Sports sells hunting and fishing equipment...Ch. 1 - Prob. 4ECh. 1 - Prob. 5ECh. 1 - Prob. 6ECh. 1 - Annie Rasmussen is the owner and operator of Go44,...Ch. 1 - Indicate whether each of the following is...Ch. 1 - Describe how the following business transactions...Ch. 1 - Prob. 10ECh. 1 - Indicate whether each of the following types of...Ch. 1 - The following selected transactions were completed...Ch. 1 - Teri West operates her own catering service....Ch. 1 - The income statement of a proprietorship for the...Ch. 1 - Four different proprietorships, Jupiter, Mars,...Ch. 1 - From the following list of selected items taken...Ch. 1 - Based on the data presented in Exercise 1-16,...Ch. 1 - Financial information related to Udder Products...Ch. 1 - Dairy Services was organized on August 1, 2016. A...Ch. 1 - One item is omitted in each of the following...Ch. 1 - Prob. 21ECh. 1 - Prob. 22ECh. 1 - Indicate whether each of the following activities...Ch. 1 - A summary of cash flows for Ethos Consulting Group...Ch. 1 - Prob. 25ECh. 1 - Prob. 26ECh. 1 - Lowes Companies Inc., a major competitor of The...Ch. 1 - On April 1 of the current year, Andrea Byrd...Ch. 1 - The amounts of the assets and liabilities of...Ch. 1 - Seth Feye established Reliance Financial Services...Ch. 1 - On July 1, 2016, Pat Glenn established Half Moon...Ch. 1 - DLite Dry Cleaners is owned and operated by Joel...Ch. 1 - The financial statements at the end of Wolverine...Ch. 1 - Amy Austin established an insurance agency on...Ch. 1 - The amounts of the assets and liabilities of...Ch. 1 - Jose Loder established Bronco Consulting on August...Ch. 1 - On April 1, 2016, Maria Adams established Custom...Ch. 1 - Bevs Dry Cleaners is owned and operated by Beverly...Ch. 1 - The financial statements at the end of Atlas...Ch. 1 - Prob. 1COPCh. 1 - Colleen Fernandez, president of Rhino Enterprises,...Ch. 1 - Prob. 2CPCh. 1 - Prob. 3CP
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