Financial Accounting

May 29th, 2015
Anonymous
Category:
Business Finance
Price: $45 USD

Question description

Given the provided attachment...

1. Prepare a statement of cash flows using the indirect method

a. New equipment costing $85,000 was purchased for cash during the year

b. Old equipment having an original cost of $57,500 was sold for $1,500 cash

c. Bonds matured and were paid off at face value for cash.

d.  A cash dividend of $40,350 was declared and paid during the year.


2. Further analysis reveals that accounts payable pertain to merchandise creditors.  Prepare a statement of cash flows for Cheng Inc. using the direct method.


homework.xlsx

Tutor Answer

(Top Tutor) Anjum H
School: New York University
PREMIUM TUTOR

Studypool has helped 1,244,100 students

Review from student
Anonymous
" Excellent job "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors