Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales $1,650,000 Expenses: Cost of goods sold $990,000 Operating expenses 500,000 Depreciation expense 44,000 Income tax expense 34,000 Total expenses 1,568,000 Net income $ 82,000 PEACH COMPUTER Selected Balance Sheet Data December 31 2018 2017 Increase (I) or Decrease (D) Cash $96,000 $82,000 $14,000 (I) Accounts receivable 46,600 52,000 5,400 (D) Inventory 69,000 52,000 17,000 (I) Prepaid rent 2,400 3,800 1,400 (D) Accounts payable 39,000 34,000 5,000 (I) Income tax payable 4,400 7,000 2,600 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. (List cash outflows as negative amounts.)
Answers: 2
Business, 22.06.2019 11:40, avagracegirlp17zx2
On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment
Answers: 3
Business, 22.06.2019 14:50, demarcuswiseman
Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)
Answers: 2
Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income St...
Engineering, 10.04.2020 15:28