Bus3061 prepare statement of cash flows using indirect method for

Skylar Enterprises, Inc.

Comparative Balance Sheets

 

Assets           1/1/2012             12/31/2012           Difference

Cash            73,000                       22,000          51,000

Accounts Receivable  85,000          76,000            9,000

Inventory       170,000                   189,000          19,000

Land              75,000                   100,000          25,000

Equipment     260,000                  200,000         60,000

Accumulated depn-equipment   -66,000    -32,000   34,000

Total                 597,000              555,000

 

Liabilities and Equity   

Accounts payable   39,000        47,000                8,000

Bonds Payable     150,000       200,000              50,000

Common stock      216,000      174,000              42,000

Retained earnings   192,000    134,000               58,000

Total                     597,000      555,000

 

Additional information:

1. Net Income for 2012 was $103,000

2. Cash dividends of $45,000 was paid

3. Bonds payable of $55,000 were redeemed

4. Common stock was issued for $42,000 cash

5. No equipment was sold during 2012

6. Land was sold at cost during 2012

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more