subject
Business, 05.05.2020 18:34 vannitling12p4w44f

The Murdock Corporation reported the following balance sheet data for 2018 and 2017:. 2018 2017 Cash $ 86,255 $ 27,755 Available-for-sale debt securities (not cash equivalents) 19,500 93,000 Accounts receivable 88,000 75,450 Inventory 173,000 152,200 Prepaid insurance 2,220 2,800 Land, buildings, and equipment 1,266,000 1,133,000 Accumulated depreciation (618,000 ) (580,000 ) Total assets $ 1,016,975 $ 904,205 Accounts payable $ 83,540 $ 156,670 Salaries payable 23,200 28,500 Notes payable (current) 32,200 83,000 Bonds payable 208,000 0 Common stock 300,000 300,000 Retained earnings 370,035 336,035 Total liabilities and shareholders' equity $ 1,016,975 $ 904,205 Additional information for 2018:. (1) Sold available-for-sale debt securities costing $73,500 for $78,800. (2) Equipment costing $20,000 with a book value of $5,800 was sold for $7,200. (3) Issued 6% bonds payable at face value, $208,000. (4) Purchased new equipment for $153,000 cash. (5) Paid cash dividends of $24,000. (6) Net income was $58,000.Required:Prepare a statement of cash flow for 2018 in good form (use the indirect method of cash flow from operating activities).

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:30
An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an series. the equation is: a stock with no maturity is an example of a perpetuity. quantitative problem: you own a security that provides an annual dividend of $170 forever. the security’s annual return is 9%. what is the present value of this security? round your answer to the nearest cent. $
Answers: 2
question
Business, 22.06.2019 03:00
In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.
Answers: 2
question
Business, 22.06.2019 10:00
Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150
Answers: 3
question
Business, 22.06.2019 14:30
In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false
Answers: 1
You know the right answer?
The Murdock Corporation reported the following balance sheet data for 2018 and 2017:. 2018 2017 Cash...
Questions