subject
Business, 05.05.2020 18:34 vannitling12p4w44f

The Murdock Corporation reported the following balance sheet data for 2018 and 2017:. 2018 2017 Cash $ 86,255 $ 27,755 Available-for-sale debt securities (not cash equivalents) 19,500 93,000 Accounts receivable 88,000 75,450 Inventory 173,000 152,200 Prepaid insurance 2,220 2,800 Land, buildings, and equipment 1,266,000 1,133,000 Accumulated depreciation (618,000 ) (580,000 ) Total assets $ 1,016,975 $ 904,205 Accounts payable $ 83,540 $ 156,670 Salaries payable 23,200 28,500 Notes payable (current) 32,200 83,000 Bonds payable 208,000 0 Common stock 300,000 300,000 Retained earnings 370,035 336,035 Total liabilities and shareholders' equity $ 1,016,975 $ 904,205 Additional information for 2018:. (1) Sold available-for-sale debt securities costing $73,500 for $78,800. (2) Equipment costing $20,000 with a book value of $5,800 was sold for $7,200. (3) Issued 6% bonds payable at face value, $208,000. (4) Purchased new equipment for $153,000 cash. (5) Paid cash dividends of $24,000. (6) Net income was $58,000.Required:Prepare a statement of cash flow for 2018 in good form (use the indirect method of cash flow from operating activities).

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 14:30, rakanmadi87
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
image
Business, 22.06.2019 14:40, kianofou853
Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.
Answers: 3
image
Business, 22.06.2019 22:00, kyle65
Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u. s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.
Answers: 3
image
Business, 22.06.2019 22:50, esid906
Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.
Answers: 2
You know the right answer?
The Murdock Corporation reported the following balance sheet data for 2018 and 2017:. 2018 2017 Cash...

Questions in other subjects:

Konu
Mathematics, 09.11.2020 23:00