Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please i need help. thank you spreadsheet an

please I need help. Thank you Spreadsheet and Statement...

90.2K

Verified Solution

Question

Accounting

please I need help. Thank you image
image
image
Spreadsheet and Statement The following 2016 information is available for Stewart Company: Partial additional information: - The equipment that was soid for cash had cost $400 and had a book value of $300 - Land that was sold brought a cash price of $530. - Fifty shares of stock were issued at par. Required: Making whatever additional assumptions that are necessary, 1. Prepare a spreadsheet to support a 2016 statement of cash flows for Stewart. If an amount is zero, enter " 0 ". STEWART COMPANY Cash Flows Worksheet For Year Ended December 31, 2016 Cash Flow From Operating Activities Net income Add: Decrease in accounts receivable Add: Loss on sale of equipment Add: Depreciation expense Add: Increase in accounts payable Less: Increase in imventory Less; Gain on sale of land Cash Flows From Investing Activities Proceeds from sale of land Payment for purchase of tand Proceeds from sale of equipment 530 Payment for purchase of equipment Cash Flows From Financing Activities Proceeds from issuance of common stock Payment of dividends Net increase in cash Totals 2. Prepare the statement of cash flows. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

FREE CASH FLOW Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for...

Medical Sciences
1.2K views

How does training impact O2 deficit and EPOC?

Physics
1.2K views

Give real-life examples of population, sample, parameter, statistic, categorical data, quantitative data, discrete data, and continuous data. For example: There...

Physics
1.2K views

A disk with m=4.4 kg and radius 14.1 cm rolls a distance 4.3 m down a...

Statistics
1.2K views

B A retailer put feedback cards at the front of its store They got responses...

Statistics
1.2K views

Determine whether the value 41 is a parameter or statistic 41 of a State College...

Calculus
1.2K views

Write a formula for the function g that results when the graph of the functionf(x)=-7/xis...

Algebra
1.2K views

Describe the transformations which have been applied to f(x)^2 to obtain g(x) = 2 -...

Accounting
1.2K views

Thank you The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income...

Accounting
1.2K views

Una empresa pidi prestados $66 000 que se pagarn en siete cuotas anuales iguales. El...

Accounting
1.2K views

Hello I am a bit confused by this and was wondering if you could help

Accounting
1.2K views

Explain how interest income is deemed to be derived from Malaysia under the Income Tax...