2) 2) Please Prepare a cash Flow Statement in the proper format. Dividends paid in 2018 were $20,000 and Depreciation Expense for 2018 was $30,00020182017AssetsCash59,00051,000Accounts Receivable85,00070,000Inventory105,000123,000Prepaid Rent24,00018,000Supplies5,0003,000Current Assets278,000265,000Equipment299,000315,000Total Assets577,000580,000LiabilitiesAccounts Payable43,00052,000Wages Payable27,00071,000Unearned Revenue18.00018,800Notes Payable, Current170,000175,000Total Current Liabilities258,000316,800EquityCommon Stock140,000125,000Retained Earnings179,000138,200Total Equity319,000263,200Total Liabilities & Equity577,000580,000During 2018 the Company paid a dividend of $12,000 and had depreciation expense of $40,000

The cash flow statement is an essential part of the financial statements of the organization. It is…

2) Please Prepare a cash Flow Statement in the proper format. Dividends paid in 2018 were $20,000 and Depreciation Expense for 2018 was $30,000 2018 2017 Assets 59,000 85,000 Cash 51,000 Accounts Receivable 70,000 Inventory Prepaid Rent Supplies 105,000 123,000 24,000 18,000 5,000 3,000 Current Assets 278,000 265,000 Equipment 299,000 315,000 577,000 Total Assets 580,000 Liabilities 43,000 52,000 Accounts Payable Wages Payable Unearned Revenue 27,000 71,000 18,000 18,800 Notes Payable, Current 170,000 175,000 Total Current Liabilities 258,000 316,800 Equity Common Stock 140,000 125,000 Retained Earnings Total Equity 179,000 138,200 319,000 263,200

2) Please Prepare a cash Flow Statement in the proper format. Dividends paid in 2018 were $20,000 and Depreciation Expense for 2018 was $30,000 2018 2017 Assets 59,000 85,000 Cash 51,000 Accounts Receivable 70,000 Inventory Prepaid Rent Supplies 105,000 123,000 24,000 18,000 5,000 3,000 Current Assets 278,000 265,000 Equipment 299,000 315,000 577,000 Total Assets 580,000 Liabilities 43,000 52,000 Accounts Payable Wages Payable Unearned Revenue 27,000 71,000 18,000 18,800 Notes Payable, Current 170,000 175,000 Total Current Liabilities 258,000 316,800 Equity Common Stock 140,000 125,000 Retained Earnings Total Equity 179,000 138,200 319,000 263,200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

4. What is Multicollinearity? a. What are the consequences of multicollinearity?
Define Profi t and loss (P&L) statement
15. Briefly discuss the following: a. Meaning of ARR and reasons for its continued popularity. b. Meaning of IRR and its characteristics.
Can you answer part E of this qu
b. Working/Application of ABC analysis?
How suboptimization can occur?
Answer True or False to the following Explain your answer.Question 1“The interest parity condition holds exactly in practice.”
For what purpose Form 2553 is required?
What Is Section 1031? A brief explanation on this?
What does the IAS 2 explains?
2) Explain Prudence concept and provide example.
C2. d) Explain the criterion to be used to accept projects?