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The 2016 e mendowner of reblow Ay One to purchased 22

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The 2016 e mendowner of reblow Ay One to purchased 22.00 by trong with longer in 2016 During drpd 13.24 There 1 2 Prepare 2016 mart of cash owocoring its by andro w11.2015 nr 1-10 bildi ) Question Help O The 2016 Income statement and comparative balance sheet of One Stop, Inc follow mick the icon to view the income statement) Click the lon to view the comparative balance sheet) Additionally. One Stop purchased and of 21.500 by financing 100% with long term notes payable during 2016 During the year, there were no sales of land, no retirements of stock, and to ready stock transactions A plantas was disposed of for 50. The cost and accumulated depreciation of the disposed sew 1320 The plan culton was forcoh Requirements 1. Prepare the 2016 statement of cash flows formating operating activities by the indirect method 2. How wil what you learned in this problem help you evaluate an investment? Requirement 1. Prepare the 2016 latement of cash tows, formatting operating activities by the direct method (Une parentheses or a minus skyn torrumbers to be subacted. We bor is not used in the statement, bwve the box empty, do not select all or enterare) Complete the statement one section at a time, beginning with the cash flows from operating activities 2010 of cash Camerah Year End December 11, 2015 Adenotot Provided by the Choose from any others and then cle Cher parts 5 Clear HW Score: 0%, 0 of 3 pts X P16-41B (similar to) Question Help The 2016 income statement and comparative balance sheet of One Stop, Inc follow (Click the icon to view the income statement) (Click the icon to view the comparative balance sheet) Additionally. One Stop purchased land of $21,500 by financing it 100% with long term notes payable during 2016 During the year, there were no sales of land, no retirements of stock and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $13.240. The plant acquisition was for cash Requirements 1. Prepare the 2016 statement of cash flows, formatting operating activities by the indirect method 2. How will what you leared in this problem help you evaluate an investment? Requirement 1. Prepare me 2010 statement or cash nows, tormaming operating acties by the maroc methouse parenteses or a minus sign for numbers to be subtracta box is not used in the statement, leave the box empty, do not select a label or enter a zoro ) Complete the statement one section at a time, beginning with the cash flows from operating activities One Stop, Inc. Statement of Cash Flows Year Ended December 31, 2016 Cash Flows from Operating Activities: 1. Prepare the 2016 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment? Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Choose from any list or enter any number in the input fields and then click Check Answer 5 parts remaining Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining : 0 of 1 pt 1 of 3 (3 complete) 16-41B (similar to) - X 6 Data Table no treas 2016 income statement and comparative balance sheet of One Stop, Inc. follow. (Click the icon to view the income statement) T (Click the icon to view the comparative bad tionally. One Stop purchased land of $21,500 by financing it 100% with long-term notes paya disposed of for 50 The cost and accumulated depreciation of the disposed asset was 51324 quirements Prepare the 2016 statement of cash flows, formatting operating activities by the indirect met How will what you learned in this problem help you evaluate an investment? $ 445.000 205,200 One Stop, Ine. Income Statement Year Ended December 31, 2016 Sales Revenge Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense S 72.400 Depreciation Expense Plant Assets 14400 Other Operating Expenses 10,000 Total Operating Expenses Operating Income 239,800 Ne Cash Provided by (ed for Operating Activities 97.600 Choose from any listo enter any number in the input fields and then click Check Answer 142.200 5 pa Done 1 1 of 3 (3 complete) -X 0 Data Table f One the ico Fements of st git 101 on oft One Stop, Inc. Comparative Balance Sheet December 31, 2016 and 2015 2016 perating Nuate an 2015 Assets Current Assets Cash $ 26,300 $ 15,200 25,700 26,900 79,900 91,900 Accounts Receivable Merchandise Inventory Long-term Assets Plant Assets Accumulated Depreciation--Plant Assets 120.540 (16,640) 35.500 107,180 (15,480) 14.000 t fields and Print Done CESTA Data Table - Land 35,500 14,000 $ Total Assets 272,500 $ 238,500 Liabilities Current Liabilities: $ Accounts Payable Accrued Liabilities 35,700 $ 28,600 30,100 30,000 Long-term Liabilities: 77,000 104,000 Notes Payable Total Liabilities 141,300 164, 100 Stockholders' Equity Common Stock, no par Retained Earnings 88,200 43,000 65.000 9.400 131 200 74 100 Print Done Stockholders' Equity Common Stock, no par 88,200 43,000 65,000 9,400 Retained Earnings Total Stockholders' Equity 131,200 74,400 $ 272,500 $ 238,500 Total Liabilities and Stockholders' Equity and! Print Done Clear All Question Help The 2016 Income statement and comparative balance sheet of Granite Rock, Inc. follow (Click the icon to view the income statement) Click the icon to view the comparative balance sheet) Additionally, Granite Rock purchased land of $20,900 by financing it 100% with long term notes payable during 2016. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A pla at was disposed of for 50 The cost and accumulated depreciation of the disposed asset was $14.300 The plant acquisition was for cash. Requirements 1. Prepare the 2016 statement of cash flows, formatting operating activities by the indirect method 2. How will what you leared in this problem help you evaluate an investment? Requirement 1. Prepare the 2016 statement of cash flows, formatting operating activities by the indirect method (se parentheses or a minus sign for numbers to be subtracted IT a box is not used in the statement, leave the box empty, do not led a label or enter a zero Complete the watement one section at a time, beginning with the cash flows from operating activities Gran Hock, Inc retire One Stop, Inc. Income Statement ad ng Year Ended December 31, 2016 Sales Revenue $ 445,000 205,200 Cost of Goods Sold 239,800 $ 72,400 Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income 14,400 10,800 97 600 142,200 nd the Print Done Salaries Expense $ 72,400 Depreciation Expense Plant Assets 14,400 10,800 Other Operating Expenses 97,600 142,200 Total Operating Expenses Operating Income Other Revenues and (Expenses): Interest Revenue 8,600 (21,500) Interest Expense Total Other Revenues and (Expenses) Net Income Before Income Taxes (12,900) 129,300 19,000 Income Tax Expense Net Income $ 110,300 Dirint DAN One Stop, Inc. Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Current Assets: Cash $ 26,300 $ 15,200 Accounts Receivable 26,900 25,700 Merchandise Inventory 79,900 91,900 Long-term Assets: Plant Assets 120,540 107,180 Accumulated Depreciation Plant Assets (16,640) 35,500 (15,480) 14.000 LA Print Done Accumulated Depreciation Plant Assets (16,640) 35,500 (15,480) 14,000 Land $ 272,500 $ 238,500 Total Assets Liabilities Current Liabilities: Accounts Payable 30,100 35,700 $ 28,600 Accrued Liabilities 30,000 Long-term Liabilities: Notes Payable 77,000 104,000 Total Liabilities 141,300 164,100 Stockholders' Equity Common Stock, no par 88,200 43,000 65,000 9,400 Retained Farinas Print Done Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 88,200 43,000 65,000 9,400 131,200 74,400 $ Total Liabilities and Stockholders' Equity 272,500 $ 238,500 Print Done P16-41B (similar to) Question Help The 2016 income statement and comparative balance sheet of One Stop, Inc. follow: Click the icon to view the income statement.) Click the icon to view the comparative balance sheet.) Additionally, One Stop purchased land of $21,500 by financing it 100% with long-term notes payable during 2016. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $13,240. The plant acquisition was for cash. Requirements 1. Prepare the 2016 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment? Requirement 1. Prepare the 2016 statement of cash flows, formatting operating activities by the indirect method. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the statement, leave the box emply do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. One Stop, Inc. Statement of Cash Flows Year Ended December 31, 2016 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities One Stop, Inc. Income Statement Year Ended December 31, 2016 Sales Revenue $ 445,000 205,200 239,800 $ 72,400 14,400 10,800 97,600 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense—Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Revenues and (Expenses): Interest Revenue Interest Expense Total Other Revenues and (Expenses) Net Income Before Income Taxes Income Tax Expense 142,200 8,600 (21,500) (12,900) 129,300 19,000 $ 110,300 Net Income 2015 15,200 25,700 91,900 One Stop, Inc. Comparative Balance Sheet December 31, 2016 and 2015 2016 Assets Current Assets: Cash $ 26,300 $ Accounts Receivable 26,900 Merchandise Inventory 79,900 Long-term Assets: Plant Assets 120,540 Accumulated Depreciation—Plant Assets (16,640) Land 35,500 $ 272,500 $ Total Assets Liabilities Current Liabilities: Accounts Payable 35,700 $ Accrued Liabilities 28,600 Long-term Liabilities: Notes Payable 77,000 Total Liabilities 141,300 Stockholders' Equity Common Stock, no par 88,200 Retained Earnings 43,000 131,200 Total Stockholders' Equity $ 272,500 $ Total Liabilities and Stockholders' Equity 107,180 (15,480) 14,000 238,500 30,100 30,000 104,000 164,100 65,000 9,400 74,400 238,500

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