What was the value of land purchased for cash Consecutive balance sheets of Crow Ltd showed the followingbalances:Land30 June 2009 30 June 2008$890,000Asset revaluation surplus $155,000During the year ended 30$560,000June 2009, the land was revaluedupwards by $155,000, and $135,000 was borrowed to acquireland.What was the value of land purchased for cash?

Concept of Land RevaluationThe land revaluation is the process of adjusting the book value of land…

Answered: Consecutive balance sheets of Crow Ltd…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

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Based on the following information for Pinkerly Inc., a fi ctitious company, what arethe total adjustments that the company would make to net income in order to deriveoperating cash fl ow?Year EndedIncome statement item 12/31/2009Net income $30 millionDepreciation $7 millionBalance sheet item 12/31/2008 12/31/2009 ChangeAccounts receivable $15 million $30 million $15 millionInventory $16 million $13 million ($3 million)Accounts payable $10 million $20 million $10 millionA . Add $5 million.B . Add $21 million.C . Subtract $9 million.
The rate return on assets for 2012 was ? General accounting
What conclusions can be drawn from each of these analyses? What are some advantages and disadvantages of financial statement analysis?
Need help calculating: A. Economic value added and B. Return on Capital
REQUIRED Study the statement of cash flows of Mantis Limited for the year ended 31 December 2021 and answer the following questions: Calculate the following for the year ended 31 December 2021: Depreciation Dividends paid Of what significance is this statement of cash flows to the shareholders of Mantis Limited? Comment on the following: Cash flows from operating activities (R181 800) 1.3.2. Increase in inventory (R808 000) Increase in receivables (R606 000) Interest paid (R80 800) Cash flows from investing activities (R2 343 200) INFORMATION MANTIS LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 R Cash flows from operating activities (181 800) Operating profit 979 700 Depreciation ? Profit before working capital changes ? Working capital changes (808 000) Increase in inventory (808 000) Increase in receivables…
The following information was obtained from Galena Company's Comparative Balance Sheets. Assume Galena Company 2020 Income statement showed depreciation expense of $9,000 and a net income of $60,000. In addition, the Long Term investment account changed due to a sale that resulted in an $11,000 gain. The PPE account changed due to purchase of PPE with $43,000 cash. Prepare the cash flow statement under the Indirect Method. Мaу 31, 2020 Мaу 31, 2019 Cash.. .$19,000 $10,000 Accounts Receivable.. „$45,000 $35,000 Inventory.. $55,000 $49,000 Prepaid Rent.. 000'6$" $7,000 Long Term Investments.. $20,000 $34,000 PPE. $150,000 $107,000 Accumulated Depreciation... .$42,000 $33,000 Accounts Payable.. .$26,000 $20,000 Income Tax Payable.. $4,000 $6,000 Common Stock.. $92,000 $92,000 Retained Earnings. .$134,000 $91,000
Calculate the Free Cash Flow for Polaris. Item EBITDA Depreciation Tax Rate, T Current Assets Current Liabilities CAPEX Polaris Inc. Selected Financial Information ($000's) Year 0 19,324 17,147 Year 1 10,000 1,188 31% 15,520 15,823 2,078
Additional information: * All purchases of inventories are on credit * The selling and administrative expenses include depreciation of R320 000 * Property, plant and equipment were purchased during the year but there were no disposals * The total dividends for the year ended 31 December 2021 amounted to R360 000 * The issued share capital consisted of 100 000 ordinary shares * The market price of the shares on 31 December 2021 was R35
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