(1) Earned $4,000 of revenue on account(2) Incurred $3,500 of expenses on accountBased on this information the amount of total assets, net income, and cash flow from operating activities appearing on theyear 1 financial statements isMultiple ChoiceTotal Assets$4,000Total Assets$4,000Total AssetsNet Income$4,000Net Income$500Net IncomeCash flow from Operating Activities$500SCash flow from Operating Activities$500Cash flow from Operating Activities

We are assuming that accrual method of accounting is used here.Each transaction under double entry…

(1) Earned $4,000 of revenue on account (2) Incurred $3,500 of expenses on account Based on this information the amount of total assets, net income, and cash flow from operating activities appearing on the year 1 financial statements is Multiple Choice O Total Assets $4,000 Total Assets $4,000 Total Assets Net Income $4,000 Net Income $500 Net Income Cash flow from Operating Activities $500 Cash flow from Operating Activities $500 Cash flow from Operating Activities THE

(1) Earned $4,000 of revenue on account (2) Incurred $3,500 of expenses on account Based on this information the amount of total assets, net income, and cash flow from operating activities appearing on the year 1 financial statements is Multiple Choice O Total Assets $4,000 Total Assets $4,000 Total Assets Net Income $4,000 Net Income $500 Net Income Cash flow from Operating Activities $500 Cash flow from Operating Activities $500 Cash flow from Operating Activities THE

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 1M

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How can I calculate in which year Office Depot has the greatest financial liquidity using the data provided
Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet. Income Statement Balance Sheet Sales $202,590 Assets Cash and Equivalents Accounts Receivable Costs Except Depreciation $14,950 (99,910) $102,680 EBITDA 1,980 (5,940) $96,740 4,100 $21,030 Depreciation Inventories EBIT Total Current Assets Property, Plant, and Equipment Interest Expense (net) (490) 9,990 Pre-tax Income $96,250 Total Assets $31,020 (33,688) $62,562 Income Tax Liabilities and Equity. Accounts Payable Net Income $1,550 4,080 $5,630 Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity 25,390 $31,020 For the next fiscal year, you forecast net income of $49,600 and ending assets of $508,300. Your firm's payout ratio is 10.6%. Your beginning stockholders' equity is $299,900, and your beginning total liabilities are $120,400. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,400. Assume your beginning…
This is all supposed to be done in excel using formulas.
Balance sheet Assets Non-current assets Property, plant and equipment Long-term receivables Total non-current assets Current Assets Goods Customers Cheques receivable Cash Total current assets Total assets Equity and Liabilities Equity Equity Reserves Total Equity Obligations Long-term liabilities Current Liabilities Suppliers Other current liabilities Taxes Payable Total Current Liabilities Total Liabilities Total Equity and Liabilities Sales Cogs Mixed result Staff remuneration Profit and loss statement Miscellaneous costs Depreciation Profit before tax Income Tax Net profit for the financial year The following data are given: • ● 2020 240.000,00 | 180.000,00 25.000,00 14.000,00 265.000,00 194.000,00 2021 55.000,00 40.000,00 125.000,00 135.000,00 62.000,00 71.000,00 183.000,00 160.000,00 425.000,00 406.000,00 690.000,00 600.000,00 200.000,00 170.000,00 92.000,00 60.000,00 292.000,00 230.000,00 55.000,00 30.000,00 730.000,00 -240.000,00 490.000,00 -114.000,00 -255.000,00 -60.000,00…
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Please help me with show all calculation thanku
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Oo.83. Subject :- Account .