Business, 19.03.2020 18:44 sistersaray

Cascade Company was started on January 1, 2018, when it acquired $159,000 cash from the owners. During 2018, the company earned cash revenues of $86,800 and incurred cash expenses of $69,900. The company also paid cash distributions of $10,500. Required Prepare a 2018 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.)

Answers: 2

Show answers

Answers

Answer from: johnnydenali67

The statements required have been prepared below

Explanation:

The income statement extract:

Revenue $86,800

Cash expenses ($69,900)

Net income $16,900

Statement of changes in equity extract:

Retained Earnings Capital Total

$ $ $

Bal b/f nil nil nil

paid in capital 159,000 159,000

net income 16,900 - 16,900

Dividends (10,500) - (10,500)

Balance c/f 6,400 159,000 165,400

Balance sheet extract

Assets

Cash (159000+86800-69900-10500) 165,400

Total assets 165400

Shareholders' equity

Share capital 159,000

Retained earnings 6,400

Total shareholders' fund 165,400

Cash flow extract:

operating cash flow

Net income 16,900

financing activities

share capital 159,000

dividends (10,500)

Increase in cash and cash equivalent in the year 165,400

Answer from: Quest

answer; commerce clearing house;

Answer from: Quest

You cannot. you can use a walmart gift card to buy any merchandise at walmart store only.

Another question on Business

Business, 21.06.2019 20:30

As a group is leaving, you ask them if they had a good experience at the restaurant. they mention that they had poor service and their food was cold. a.apologize and ask them to give the restaurant another chance in the future. you tell them that guests usually have a great experience here. b.apologize then ask for the server’s name and immediately notify the manager after they leave. c.apologize for the bad experience and ask them to wait as you call the manager to talk to them. d.apologize for the bad experience and encourage them to complete the customer service survey. this feedback will ensure other guests do not have the same experience.

Answers: 2

Answer

Business, 22.06.2019 02:30

The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital is』necessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- 쑤 interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.

Answers: 2

Answer

Business, 22.06.2019 11:30

Money from an allowance or job is known as .

Answers: 3

Answer

Business, 22.06.2019 20:00

After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of

Answers: 1

Answer

You know the right answer?

Cascade Company was started on January 1, 2018, when it acquired $159,000 cash from the owners. Duri...

Questions