Financial Accounting

PE 164B gold hightail its from in operation(p) activities: Net income$393,750 Adjustments to pass on solve income to net exchange escape from operating(a) activities: Depreciation67,500 red ink on disposal of equipment27,450 Changes in real operating assets and liabilities: profit in accounts receivable(24,300) join on in accounts account payable12,600 Net specie flow from operating activities$477,000 Ex. 163 a. investing b. pay c.financing d.financing e.financing f.financing g.investing h.investing i.investing j.financing k.operating Ex. 164 a.deducted b.deducted c.added d.added e.added f.added g.added h.deducted i.deducted j.deducted k.added Ex. 167 a. hard currency flows from operating activities: Net income$190,500 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation21,600 Gain on disposal of equipment(12,600) Changes in current operating assets and liabilities: Increase in accounts receivable(3,360) precipitate in inventory1,920 diminish in prepaid insurance policy720 Decrease in accounts payable(2,280) Increase in income taxes payable720 Net cash flow from operating Ex.

1611 Cash flows from investing activities: Cash received from cut rate sale of land$68,250 little: Cash paid for barter for of land74,500 (The gain on the sale of land, $22,650, would be deducted from net income in determining the cash flows from operating activities if the indirect method of coverage cash flows from operations is used.) Ex. 1612 Cash flows from financing activities: Cash received from sale of familiar entrepot$1,755,000 Less! : Cash paid for dividends260,550 Note: The stock dividend is not divulge on the statement of cash flows. activities$197,220 Ex. 1617 a. HOBSON MEDICAL...If you necessity to get a full essay, order it on our website: OrderEssay.net

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