The writer is very fast, professional and responded to the review request fast also. Thank you.
(Preparation of a Statement of Cash Flows and Balance Sheet)Aero Inc. had the following balance sheet at the end of operations for 2009. AERO INC. Balance Sheet December 31, 2009 Accounts payable $21,200 Bonds payable 41,000 Common stock 100,000 Retained earnings 23,200 Land 40,000$194,200 During 2010 the following occurred. Aero liquidated its available-for-sale investment portfolio at a loss of $5,000.A tract of land was purchased for $38,000.An additional $30,000 in common stock was issued at par.Dividends totaling $10,000 were declared and paid to stockholders.Net income for 2010 was $35,000, including $12,000 in depreciation expense.Land was purchased through the issuance of $30,000in additional bonds.At December 31, 2010, Cash was $70,200, Accounts Receivable was $42,000, and Accounts Payable was $40,000.Prepare a statement of cash flows and a balance sheet for the year 2010 for Aero.
Aero Inc.Statement of cash flows for the year ended December 31, 2010Cash flow from operating activities:Net IncomeAdd: DepreciationAdd: Loss on sale of investmentsAdd: Increase in Accounts…
Show more
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.
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 moreEach 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 moreThanks 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 moreYour 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 moreBy 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