Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

I need the following accounting questions answered. Word document attached.

questions.docx ;

1. ; ;AJAR Corporation reported the following information for the current year:

Need assignment help for this question?

If you need assistance with writing your essay, we are ready to help you!

OUR PROCESS

Order

Payment

Writing

Delivery

Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality

; (1) ; Net income is $102 million.

; (2) ; Purchases of equipment were $47 million.

; (3) ; Customer accounts receivable decreased by $18 million.

; (4) ; Dividends paid to common shareholders were $10 million.

; (5) ; Depreciation expense was $39 million.

; (6) ; Income tax payable increased by $5 million.

; (7) ; Long-term debt decreased by $40 million.

; (8) ; Accounts payable increased by $16 million.

; (9) ; Inventories increased by $28 million.

Required: ; Based on the above information, calculate the following items:

a. ; Cash flow from operating activities.

b. ; Cash flow from investing activities.

c. ; Cash flow from financing activities.

d. ; The increase or decrease in the cash balance.

2. ; Prepare the statement of cash flows for Brindley Company using the indirect method.

Brindley Company

Income Statement

For the Year Ended December 31, 2012

; Revenues ; $8,500

; Depreciation expense ; $ ; 800

; Other operating expenses ; ; 6,100 ; ;6,900

; Income before income taxes ; $1,600

; Interest expense ; ; 850

; Income tax expense ; ; 300

; Net income ; $ ; 450

Brindley Company

Balance Sheet

December 31, 2012 and 2011

; ; 2012 ; ; 2011 ; 2012 ; ; ;2011

Assets: ; Liab. & SE:

Cash ; $ ; ;650 ; $ ; 130 ; A/P ; $ ; 520 ; $ ; 500

A/R ; ; 770 ; ; 610 ; Inc.Taxes/Pay. ; 270 ; ; 280

Inventories ; ; 835 ; ; 870 ; LT debt ; ; 415 ; ; 250

Plant & Equip. ; ; 3,450 ; ; 2,870 ; Common Stock ; 1,260 ; 1,260

Less: Acc. Depr. ; (1,690) ; ; (890) ; Retained Earnings ; 1,550 ; ; ;1,300

Total Assets ; $4,015 ; $3,590 ; Total Liab. & SE ; $4,015 ; $3,590

“Order a similar paper and get 15% discount on your first order with us
Use the following coupon
“FIRST15”

Order Now