Business
Business, 03.09.2019 16:10, Arealbot

The following three accounts appear in the general ledger of martinez corp. during 2017.. 1 balance 372,960july 31 purchase of equipment 163,170 536,130sept. 2 cost of equipment constructed 123,543 659,673nov. 10 cost of equipment sold 114,219 545,454accumulated depreciation—. 1 balance 165,501nov. 10 accumulated depreciation on equipment sold 37,296 128,205dec. 31 depreciation for year 65,268 193,473retained . 1 balance 244,755aug. 23 dividends (cash) 32,634 212,121dec. 31 net income 167,832 379,953from the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. the loss on disposal of plant assets was $18,648. (hint: cost of equipment constructed is reported in the investing activities section as a decrease in cash of $123,543.) (show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 13:30, JAXKBOII55951
Suppose you want to know if more technical service calls are made to homes with cable television or with satellite dish television. should you use frequencies or relative frequencies to make the comparison? why?
Answers: 1
image
Business, 22.06.2019 06:20, karankhatri1946
James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u. s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.
Answers: 2
image
Business, 22.06.2019 12:00, jybuccaneers2022
Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund
Answers: 1
image
Business, 22.06.2019 19:00, jediDR
Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.
Answers: 2
Do you know the correct answer?
The following three accounts appear in the general ledger of martinez corp. during 2017.. 1 balance...

Questions in other subjects:

Konu
History, 18.03.2021 03:00
Konu
Mathematics, 18.03.2021 03:00