Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Jul 2017 My Price 5.00

Amelia Enterprises, Inc


PR 16-2A The comparative balance sheet of Amelia Enterprises, Inc. at December 31, 2010 and 2009, is as follows: AND SO ON

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2010 are as follows:
a. Net income, $126,000.
b. Depreciation reported on the income statement, $41,700.
c. Equipment was purchased at a cost of $81,400, and fully depreciated equipment costing $22,400 was discarded, with no salvage realized.
d. The mortgage note payable was not due until 2013, but the terms permitted earlier payment without penalty.
e. 7,000 shares of common stock were issued at $20 for cash.
f. Cash dividends declared and paid, $76,800.
Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.

Check: Net Cash Flow from Operating Activities: $169,600

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Maurice Tutor
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Status NEW Posted 26 Jul 2017 01:07 PM My Price 5.00

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