Preview

ACC 291 Week 5 WileyPLUS Assignment

Satisfactory Essays
Open Document
Open Document
466 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ACC 291 Week 5 WileyPLUS Assignment
In this file ACC 291 Week 5 WileyPLUS Assignment you can find right answers on the following questions:

Exercise E13-1. Pioneer Corporation had the transactions below during 2011. Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities. Complete the statement of cash flows for 2011 using the indirect method. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. If amount decreases cash flow, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Exercise E14-1. Financial information for Blevins Inc. is presented below. Complete the schedule showing a horizontal analysis for 2012 using 2011 as the base year. (If amount is a decrease, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round percentages to 1 decimal place, e.g. 10.5. List items in the order given in the question.) Problem P13-9A. Condensed financial data of Arma Inc. follow. Complete the statement of cash flows using the indirect method. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. If amount decreases cash flow, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Problem P13-10A. Condensed financial data of Arma Inc. follow. Complete the statement of cash flows for Arma Inc. using the direct method. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. If amount decreases cash flow for financing and investing activities, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). List al...

For downloading more course tutorials visit - https://bitly.com/12B3ezK

Spending a large

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Conan O’Brien Logging and Lumber Company owns 3,200 acres of timberland on the north side of Mount Leno, which was purchased in 2000 at a cost of $640 per acre. In 2012, O’Brien began selectively logging this timber tract. In May of 2012, Mount Leno erupted, burying the timberland of O’Brien under a foot of ash. All of the timber on the O’Brien tract was downed. In addition, the logging roads, built at a cost of $159,000, were destroyed, as well as the logging equipment, with a net book value of $323,200.…

    • 734 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    On the basis of the following data for Seller Co. for 2008 and the preceding year ended December 31, 2007, prepare a statement of cash flows. Use the indirect method of reporting cash flows from operating activities. Assume that equipment costing $125,000 was purchased for cash and equipment costing $85,000 with accumulated depreciation of $65,000 was sold for $15,000; that the stock was issued for cash; and that the only entries in the retained earnings account were net income of $51,000 and cash dividends declared of $13,000.…

    • 618 Words
    • 6 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Oct. 6 Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800 (not paid by Petty at this time)…

    • 424 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    2. Exercise BE9-13. Correct. Information related to plant assets, natural resources, and intangibles at the end of 2011 for Spain Company is as follows: buildings $1,100,000; accumulated depreciation-buildings $650,000; goodwill $410,000; coal mine $500,000; accumulated depletion-coal mine $108,000. Complete the partial balance sheet of Spain Company for these items. (List assets with smallest net book value first. Enter all amounts as positive amounts and subtract where necessary.)…

    • 577 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In this file ACC 290 Week 4 WileyPLUS Assignment Week Four you can find right answers on the following task: Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed. Journalize the July transactions. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.). Journalize the following adjustments. 1.Services provided but unbilled and uncollected at July 31 were $1,700. 2.Depreciation on equipment for the month was $250. 3.One-twelfth of the insurance expired. 4.An inventory count shows $360 of cleaning supplies on hand at July 31. 5.Accrued but unpaid employee salaries were $400. 2) Post the July transactions to the ledger accounts. (Use T accounts.) Post adjusting entries to the T accounts. Post closing entries and complete the closing process. Complete the Trial Balance and Adjusted Trial Balance at July 31. Complete the income statement and a retained earnings statement for July and a classified balance sheet at July 31. Journalize the post closing entries. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.). Complete the post closing Trial Balance below.…

    • 390 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Prepare responses to Questions 1 & 4, and Coach Problems CP 2-1 from Ch. 2 of Fundamentals of Financial Accounting.…

    • 392 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Acc291 Week 5 Problems

    • 641 Words
    • 3 Pages

    P13-­‐9A Arma Inc Statement of Cash Flows -­‐ Indirect Method Cash flows from operating…

    • 641 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Module 2 Homework

    • 327 Words
    • 2 Pages

    3) During 2010, Sigma Company earned service revenues amounting to $700,000, of which $630,000 was collected in cash; the balance will be collected in January 2011. What amount should the 2010 income statement report for service revenues?…

    • 327 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    (b) Give TWO (2) reasons in support of the above stock price target (1 marks for each…

    • 335 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    3. Review the Financial Statements: Balance Sheet from Section 9, Lesson 2 of this course. Use the…

    • 573 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Discuss the reasons for your conclusion, referencing actual numbers from the statement of cash flows you developed.…

    • 426 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Access the internet to acquire a copy of the most recent annual report for the public traded company used to complete the Financial Reporting Problem, Part 1 assignment due in week Four. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:…

    • 197 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    WEEK THREE LEARNING TEAM B ASSIGNMENT PROBLEM 1-30A OSHEA ENTERPRISES INCOME STATEMENT AT DECEMBER 31, 2002 REVENUE $48,000.00 OPERATING EXPENSES 32,000.00 NET INCOME (change in Net Assets) $16,000.00 OSHEA ENTERPRISES STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY AT DECEMBER 31, 2002 BEGINNING COMMON STOCK 4,000.00 PLUS: COMMON STOCK ISSUED 10,000.00 ENDING COMMON STOCK $14,000.00 BEGINNING RETAINED EARNINGS 8,000.00 PLUS: NET INCOME 16,000.00 LESS: DIVIDENDS (2,000.00) ENDING RETAINED EARNINGS 22,000.00 TOTAL STOCKHOLDERS EQUITY $36,000.00 OSHEA ENTERPRISES BALANCE SHEET AT DECEMBER 31, 2002 ASSETS CASH $48,000.00 LAND TOTAL ASSETS $48,000.00 LIABILITIES NOTES PAYABLE $12,000.00 STOCKHOLDERS EQUITY COMMON STOCK $14,000.00 RETAINED EARNINGS 22,000.00 TOTAL STOCKHOLDERS EQUITY 36,000.00 TOTAL LIABILITY AND STOCKHOLDERS EQUITY $48,000.00 OSHEA ENTERPRISES STATEMENT OF CASH FLOWS AT DECEMBER 31, 2002 CASH FLOWS FROM OPERATING ACTIVITIES: CASH RECEIPTS FROM REVENUE $48,000.00 CASH PAYMENTS FOR EXPENSES (32,000.00) NET CASH FLOW FROM OPERATING EXPENSES $16,000.00 CASH FLOWS FOR INVESTING ACTIVITIES: CASH PAYMENTS TO PURCHASE LAND CASH FLOWS FROM FINANCING ACTIVITIES: CASH RECEIPTS FROM ISSUING COMMON STOCK 10,000.00 CASH PAYMENTS FOR DIVIDENDS (2,000.00) CASH PAYMENTS TO REDUCE LIABILITY (6,000.00) NET CASH…

    • 267 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Fly by Night

    • 572 Words
    • 3 Pages

    a. What evidence can you observe from analyzing the financial statements that might signal the cash flow problems experienced in mid-Year 14?…

    • 572 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Tax Depreciation

    • 4777 Words
    • 20 Pages

    43) For the year ended December 31, 2014, a corporation had cash flow from operating activities of $20,000, cash flow from investment activities of -$15,000, and cash flow from financing activities of -$10,000. The statement of cash flows would show a ________.…

    • 4777 Words
    • 20 Pages
    Powerful Essays