Cannect O httpsnewconnect.m html Cnapter 16 Quiz Help S.pdf
Cannect O ? |?https://newconnect.m html ? ? ? Cnapter 16 Quiz Help Save&Exit; Submit Golden Comp., a merchandieser, recently completed its 2017 operations. Fothe year, al ales are credit sales, 2) all credits to Arraunts RecrMnhl reflectcash rrcripts from customers, ?? all purchasrs of Imrntnry are on credit (4) all debils to Acccuns Payatle rellect cash payments fer iriveilry E) Othher Cxpenses aecash expenses, and (6) ay change In Income Taxes Payabe reects the accrual and cash payment ot taxes. Ihe company\'s balance sheets and Income statement tolloW GOLDEN CORPORATION Conparalive Balare Sheels Decenber 31, 2817 and 2016 2017 2816 $171,80 114,700 78,808 611,508 533,908 25,708 Casi Accounts receivable 93,500 Total current asscts Lquipnant Accun. depreciation-quipnant Total asscts Lsabilities and Equity Accounts payahle Ione Laxes paysble Totsl turrent liabilities Equity common stock, 2 par value Paid-in capital in axcoss of par value, comnon stack Retainad earnings Total liatilitics and cquity 076,009 $1,868,300 % 924,288 35,808 136,90 196,608 575,008 72,188 123,300 $1,868,30 % 924,200 OLDEN LURPURAIIN Incone Statenent For Year Ended Decenber 31, 2817 $1,027,088 Salas Lost of gcads sold iross profit Operatin expenses Deprecia Lion expense 54,000 Other expenses Incone before taxe: Inconc tanes expansc Net incone 179,008 31,398 147,28 K Prev Next> O Type here to search Solution Cash Flow from Operating Activities:- Net Income 147200 Adjustments:- Depreciation 54000 Increase A/c Receivable -15500 Increase Inventory -78500 Increase A/c Payable 23000 Increase Income Tax Payable 6400 Cash Flow from Operating Activities (A) 136600 136600 Cash Flow from Investing Activities:- Purchase Equipment -47800 Cash Flow from Investing Activities (B) -47800 -47800 Cash Flow from Financing Activities:- Issue common stock 63500 Declare & Paid Dividend -96000 Cash Flow from Financing Activities (C) -32500 -32500 Net Cash Flow (A+B+C) 56300 (+) Beginning cash balance 114700 Ending Cash Balance 171000 Cash Flow from Operating Activities:- Net Income 147200 Adjustments:- Depreciation 54000 Increase A/c Receivable -15500 Increase Inventory -78500 Increase A/c Payable 23000 Increase Income Tax Payable 6400 Cash Flow from Operating Activities (A) 136600 136600 Cash Flow from Investing Activities:- Purchase Equipment -47800 Cash Flow from Investing Activities (B) -47800 -47800 Cash Flow from Financing Activities:- Issue common stock 63500 Declare & Paid Dividend -96000 Cash Flow from Financing Activities (C) -32500 -32500 Net Cash Flow (A+B+C) 56300 (+) Beginning cash balance 114700 Ending Cash Balance 171000.
Cannect O httpsnewconnect.m html Cnapter 16 Quiz Help S.pdf
Cannect O ? |?https://newconnect.m html ? ? ? Cnapter 16 Quiz Help Save&Exit; Submit Golden Comp., a merchandieser, recently completed its 2017 operations. Fothe year, al ales are credit sales, 2) all credits to Arraunts RecrMnhl reflectcash rrcripts from customers, ?? all purchasrs of Imrntnry are on credit (4) all debils to Acccuns Payatle rellect cash payments fer iriveilry E) Othher Cxpenses aecash expenses, and (6) ay change In Income Taxes Payabe reects the accrual and cash payment ot taxes. Ihe company\'s balance sheets and Income statement tolloW GOLDEN CORPORATION Conparalive Balare Sheels Decenber 31, 2817 and 2016 2017 2816 $171,80 114,700 78,808 611,508 533,908 25,708 Casi Accounts receivable 93,500 Total current asscts Lquipnant Accun. depreciation-quipnant Total asscts Lsabilities and Equity Accounts payahle Ione Laxes paysble Totsl turrent liabilities Equity common stock, 2 par value Paid-in capital in axcoss of par value, comnon stack Retainad earnings Total liatilitics and cquity 076,009 $1,868,300 % 924,288 35,808 136,90 196,608 575,008 72,188 123,300 $1,868,30 % 924,200 OLDEN LURPURAIIN Incone Statenent For Year Ended Decenber 31, 2817 $1,027,088 Salas Lost of gcads sold iross profit Operatin expenses Deprecia Lion expense 54,000 Other expenses Incone before taxe: Inconc tanes expansc Net incone 179,008 31,398 147,28 K Prev Next> O Type here to search Solution Cash Flow from Operating Activities:- Net Income 147200 Adjustments:- Depreciation 54000 Increase A/c Receivable -15500 Increase Inventory -78500 Increase A/c Payable 23000 Increase Income Tax Payable 6400 Cash Flow from Operating Activities (A) 136600 136600 Cash Flow from Investing Activities:- Purchase Equipment -47800 Cash Flow from Investing Activities (B) -47800 -47800 Cash Flow from Financing Activities:- Issue common stock 63500 Declare & Paid Dividend -96000 Cash Flow from Financing Activities (C) -32500 -32500 Net Cash Flow (A+B+C) 56300 (+) Beginning cash balance 114700 Ending Cash Balance 171000 Cash Flow from Operating Activities:- Net Income 147200 Adjustments:- Depreciation 54000 Increase A/c Receivable -15500 Increase Inventory -78500 Increase A/c Payable 23000 Increase Income Tax Payable 6400 Cash Flow from Operating Activities (A) 136600 136600 Cash Flow from Investing Activities:- Purchase Equipment -47800 Cash Flow from Investing Activities (B) -47800 -47800 Cash Flow from Financing Activities:- Issue common stock 63500 Declare & Paid Dividend -96000 Cash Flow from Financing Activities (C) -32500 -32500 Net Cash Flow (A+B+C) 56300 (+) Beginning cash balance 114700 Ending Cash Balance 171000.
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Cannect O httpsnewconnect.m html Cnapter 16 Quiz Help S.pdf
- 1. Cannect O ? |?https://newconnect.m html ? ? ? Cnapter 16 Quiz Help Save&Exit; Submit Golden Comp., a merchandieser, recently completed its 2017 operations. Fothe year, al ales are credit sales, 2) all credits to Arraunts RecrMnhl reflectcash rrcripts from customers, ?? all purchasrs of Imrntnry are on credit (4) all debils to Acccuns Payatle rellect cash payments fer iriveilry E) Othher Cxpenses aecash expenses, and (6) ay change In Income Taxes Payabe reects the accrual and cash payment ot taxes. Ihe company's balance sheets and Income statement tolloW GOLDEN CORPORATION Conparalive Balare Sheels Decenber 31, 2817 and 2016 2017 2816 $171,80 114,700 78,808 611,508 533,908 25,708 Casi Accounts receivable 93,500 Total current asscts Lquipnant Accun. depreciation-quipnant Total asscts Lsabilities and Equity Accounts payahle Ione Laxes paysble Totsl turrent liabilities Equity common stock, 2 par value Paid-in capital in axcoss of par value, comnon stack Retainad earnings Total liatilitics and cquity 076,009 $1,868,300 % 924,288 35,808 136,90 196,608 575,008 72,188 123,300 $1,868,30 % 924,200 OLDEN LURPURAIIN Incone Statenent For Year Ended Decenber 31, 2817 $1,027,088 Salas Lost of gcads sold iross profit Operatin expenses Deprecia Lion expense 54,000 Other expenses Incone before taxe: Inconc tanes expansc Net incone 179,008 31,398 147,28 K Prev Next> O Type here to search Solution Cash Flow from Operating Activities:- Net Income 147200 Adjustments:- Depreciation 54000 Increase A/c Receivable -15500 Increase Inventory -78500 Increase A/c Payable 23000 Increase Income Tax Payable 6400 Cash Flow from Operating Activities (A) 136600 136600
- 2. Cash Flow from Investing Activities:- Purchase Equipment -47800 Cash Flow from Investing Activities (B) -47800 -47800 Cash Flow from Financing Activities:- Issue common stock 63500 Declare & Paid Dividend -96000 Cash Flow from Financing Activities (C) -32500 -32500 Net Cash Flow (A+B+C) 56300 (+) Beginning cash balance 114700 Ending Cash Balance 171000 Cash Flow from Operating Activities:- Net Income 147200 Adjustments:- Depreciation 54000 Increase A/c Receivable -15500 Increase Inventory -78500 Increase A/c Payable 23000 Increase Income Tax Payable 6400 Cash Flow from Operating Activities (A) 136600
- 3. 136600 Cash Flow from Investing Activities:- Purchase Equipment -47800 Cash Flow from Investing Activities (B) -47800 -47800 Cash Flow from Financing Activities:- Issue common stock 63500 Declare & Paid Dividend -96000 Cash Flow from Financing Activities (C) -32500 -32500 Net Cash Flow (A+B+C) 56300 (+) Beginning cash balance 114700 Ending Cash Balance 171000