Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

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Answer 1

Question

Chapter 9, Problem 33EA

1.

To determine

Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

2.

To determine

Describe the additional information that should be noted before analysing the Company E’s ability for generating the positive operating cash flows in the future period.

3.

To determine

Identify whether Company E is having positive net income and indicate the information that is helpful for predicting the net income of next year.

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E4-8 Plevin Company ended its fiscal year on July 31, 2014. The company's adjusted trial balance as of the end of its fiscal year is shown below. PLEVIN COMPANY Adjusted Trial Balance July 31, 2014 (b) Tota Journal entries, closing (LO 2, No. Account Titles Debit Credit 101 Cash $ 9,840 112 Accounts Receivable 8,780 157 Equipment 15,900 158 Accumulated Depreciation-Equip. $ 7,400 201 Accounts Payable 4,220 208 Unearned Rent Revenue 1,800 301 Owner's Capital 45,200 306 Owner's Drawings 16,000 400 Service Revenue 64,000 6,500 429 Rent Revenue 711 Depreciation Expense 8,000 726 Salaries and Wages Expense 55,700 732 Utilities Expense 14,900 $129,120 $129,120 Instructions (a) Prepare the closing entries using page J15. (b) Post to Owner's Capital and No. 350 Income Summary accounts. (Use the three-column form.) (c) Prepare a post-closing trial balance at July 31.

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Answer 2

Question

Chapter 9, Problem 33EA

1.

To determine

Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

2.

To determine

Describe the additional information that should be noted before analysing the Company E’s ability for generating the positive operating cash flows in the future period.

3.

To determine

Identify whether Company E is having positive net income and indicate the information that is helpful for predicting the net income of next year.

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Answer 3

Question

Chapter 9, Problem 33EA

1.

To determine

Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

2.

To determine

Describe the additional information that should be noted before analysing the Company E’s ability for generating the positive operating cash flows in the future period.

3.

To determine

Identify whether Company E is having positive net income and indicate the information that is helpful for predicting the net income of next year.

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Answer 4

Question

Chapter 9, Problem 33EA

1.

To determine

Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

2.

To determine

Describe the additional information that should be noted before analysing the Company E’s ability for generating the positive operating cash flows in the future period.

3.

To determine

Identify whether Company E is having positive net income and indicate the information that is helpful for predicting the net income of next year.

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Answer 5

Chapter 9, Problem 33EA

1.

To determine

Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

2.

To determine

Describe the additional information that should be noted before analysing the Company E’s ability for generating the positive operating cash flows in the future period.

3.

To determine

Identify whether Company E is having positive net income and indicate the information that is helpful for predicting the net income of next year.

Answer 6

Chapter 9, Problem 33EA

1.

To determine

Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

Answer 7

Chapter 9, Problem 33EA

1.

To determine

Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

Answer 8

2.

To determine

Describe the additional information that should be noted before analysing the Company E’s ability for generating the positive operating cash flows in the future period.

Answer 9

2.

To determine

Describe the additional information that should be noted before analysing the Company E’s ability for generating the positive operating cash flows in the future period.

Answer 10

3.

To determine

Identify whether Company E is having positive net income and indicate the information that is helpful for predicting the net income of next year.

Answer 11

3.

To determine

Identify whether Company E is having positive net income and indicate the information that is helpful for predicting the net income of next year.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 9 - Prob. 1YT Ch. 9 - Prob. 2YT Ch. 9 - Prob. 3YT Ch. 9 - Prob. 4YT Ch. 9 - Prob. 5YT Ch. 9 - Prob. 1Q Ch. 9 - Prob. 2Q Ch. 9 - Prob. 3Q Ch. 9 - Prob. 4Q Ch. 9 - Prob. 5Q

Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

Solution Summary: The author explains that the statement of cash flows indicates that expansion has been selling its fixed assets and has accumulated a significant cash flow from its financing activities.

Indicate the information that the subtotals from the statement of cash flows describes about the Company E.

Describe the additional information that should be noted before analysing the Company E’s ability for generating the positive operating cash flows in the future period.

Identify whether Company E is having positive net income and indicate the information that is helpful for predicting the net income of next year.

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Chapter 9 Solutions