SuperTutor

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Teaching Since: Apr 2017
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  • MBA, Ph.D in Management
    Harvard university
    Feb-1997 - Aug-2003

Experience

  • Professor
    Strayer University
    Jan-2007 - Present

Category > Accounting Posted 01 Jun 2017 My Price 12.00

affecting cash

SEE ATTACHED SPREADSHEET TO ANSWER QUESTION

Required:

  • Create a cash flow statement for Contest Company, for the year ended December 31, 2015, on the spreadsheet provided.
  • Comment on the company's financial performance with respect to major items affecting cash.

Additional Information:

  • From the Income Statement, there is a net income of $51 000 in 2015.
  • Equipment was amortized for $9 000 in 2015.
  • New equipment costing $21 000 was purchased.
  • An old, fully amortized piece of equipment that cost $3 000 was discarded; its cost and accumulated amortization were removed from the accounts.
  • 1 500 shares of stock were sold and issued at $12 per share.
  • The company declared $30 000 of cash dividends during the year and paid $21 000 of dividends.

Attachments:

Answers

SuperTutor
(15)
Status NEW Posted 01 Jun 2017 05:06 AM My Price 12.00

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Attachments

file 1496295191-Solutions file.docx preview (51 words )
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