CourseLover

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$10/per page/Negotiable

About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 283 Weeks Ago, 1 Day Ago
Questions Answered: 27237
Tutorials Posted: 27372

Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 09 Dec 2017 My Price 10.00

Long-Term Investments

Please assist. My numbers do not add up. I have tried several times

Name: Given only, the following information, answer the questions below. Increases and Decreases represent the change from prior year to current year. (Note to you are not told what the change in cash was for the year.) Decrease in Accounts Receivable 32,000 Increase in Inventory 5,000 Increase in Property Plant and Equipment 10,000 Increase in Long –Term Investments 50,000 Increase in Long-Term Bonds Payable 120,000 Decrease in Accounts Payable 15,000 Increase in Retained Earnings 127,000 Increase in Common Stock 18,000 Increase in Salaries Payable 12,000 Decrease in Prepaid Expenses 7,000 Increase in Unearned Revenue 11,000 Increase in Accumulated Depreciation 15,000 Decrease in Dividends Payable 3,000 Other Info : Equipment was sold in the current year with original cost of $12,000 and a book value of $8,000 for cash proceeds of $6,000. Assume the increase in Long-Term Investments was the purchase of shares of another company. The company declared a $10,000 cash dividend during the year. a) What amount would be included on the statement of cash flows under “ Cash flows from Operating Activities ”? USE THE INDIRECT METHOD TO SOLVE. b) What amount would be included on the statement of cash flows under “ Cash flows from Investing Activities ”? c) What amount would be included on the statement of cash flows under “ Cash flows from Financing Activities ”?
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CourseLover
(12)
Status NEW Posted 09 Dec 2017 02:12 PM My Price 10.00

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