What was the value of land purchase for cash? Consecutive balance sheets of Crow Ltd showed the following balances:30 June 2009 30 June 2008Land$890,000$560,000Asset revaluation surplus $155,000During the year ended 30 June 2009, the land was revalued upwards by $155,000,and $135,000 was borrowed to acquire land.What was the value of land purchased for cash?

Explanation of Balance Sheet: A balance sheet is a financial statement that provides a snapshot of a…

Answered: Consecutive balance sheets of Crow Ltd…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 12P

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CQ Photography reported net income of $103,000 for 2022. Included in the income statement were depreciation expense of $6,500, patent amortization expense of $3,800, and a gain on disposal of plant assets of $4,000. CQ's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/22 $19,200 Net Income 8,400 12/31/21 Cash Flows from Operating Activities Calculate net cash provided by operating activities for CQ Photography using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) $27,000 CQ Photography Statement of Cash Flows For the Year Ended December 31, 2022 Adjustments to reconcile net income to 6,500 Net Cash Provided by Operating Activities $ 103000
What conclusions can be drawn from each of these analyses? What are some advantages and disadvantages of financial statement analysis?
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You are given the following information about X Corp for the 2022 fiscal year: What is the operating cash flow for 2022? Cost of goods sold Interest Dividends Depreciation Change in retained earnings Tax rate a) $825.00 b) $1,250.00 c) $2,025.00 xd) $2,450.00 101 50 539 1 $6,000 400 300 800 525 34% OCT D X
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L. The Comparative balance sheet of James Inc. for December 31 2010 and 2011 is as follows: 2011 2010 Cash P85,100 P42,500 Accounts Receivable, trade 91,350 61,150 Inventory 104,500 100,500 Prepaid expenses 3,000 2,700 Land 30,000 50,000 Buildings 345,000 245,000 Accumulated depreciation-buildings (120,600) (110,400) Machinery and equipment 255,000 255,000 equipment (92,000) (85,000) Patents 35,000 40,000 Total Asses P710.950 P030.450 LIABILITIES AND SHAREHOLDER'S EQUITY Accounts payable-trade P61,150 P75,000 Dividend payable 15,000 10,000 Salaries payable 6,650 7.550 Mortgage note payable, due 2015 60,000 0 Bonds Payable 0 75.000 Ordinary shares, P20 par 300,000 250,000 Share premium 100.000 75.000 Accumulated profits 174.150.137.900 27.10.950 P830.450 Additional information: a. Net income, P90.250 b. Depreciation expense reported on the net income statement buildings, P10,200, machinery and equipment P27,000. Land costing 20.000 was sold for P20,000. d. Patent amortization reported…
Ak Kramer Inc.s income statement shows sales of $1,000, cost of goods sold of $400,pre-interest operating expense of $300, and interest expense of $100. What is Kramer's interest coverage ratio ? Your answer An analyst gathered the following information from a company's 2010 financial statements (in $ millions): In 2010, the company declared and paid cash dividends of $10 million and recorded depreciation expense in the amount of $25 million. The company considers dividends paid a financing activity. What was the company's 2010 cash flow from operations (in $ millions) ? Captionless Image Your answer During 2009, URBAN Company sold 10 acres of prime commercial zoned land to a builder for $5,000,000. The builder gave URBAN a $1,000,000 down payment and will pay the remaining balance of $4,000,000 to URBAN in 2010. URBAN purchased the land in 2002 for $2,000,000. Using the installment method, how much profit will URBAN report for 2009? Aa
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Below is Company A's balance sheet at the end of 2022. What is the gross profits of Company A? 2022 AmountNet sales$1,000.0Variable operating costs 770.0Fixed operating costs 50.0Depreciation and 50.0Interest30.0Taxes20.0Preferred dividends5.0Common dividends25.0 amortization Group of answer choices $130 $230 $180 $1,000

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