Maurice Tutor

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    Argosy University/ Phoniex University/
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    Oct-2001 - Nov-2016

Category > Management Posted 04 Dec 2017 My Price 8.00

Tyra Company

Tyra Company’s 2011 income statement and selected balance sheet data at December 31, 2010 and 2011, follow ($ thousands).

TYRA COMPANY

Income Statement

For Year Ended December 31,2011

Sales revenue

$412,000

Expenses

  

Cost of goods sold

244,000

Depreciation expense

64,000

Salaries expense

30,000

Rent expense

20,000

Insurance expense

5,200

Interest expense

4,800

Utilities expense

4,000

Net income

$ 40,000

 

TYRA COMPANY

Selected Balance Sheet Accounts

At December 31

2011

2010

Accounts receivable

$820

$700

Inventory

272

296

Accounts payable

480

520

Salaries payable

280

220

Utilities payable

40

0

Prepaid insurance

28

36

Prepaid rent

40

60

Required

Prepare the cash flows from operating activities section only of the company’s 2011 statement of cash flows using the indirect method.

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Dec 2017 09:12 PM My Price 8.00

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