Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. swifty corporation's comparative balance sheets ar

Swifty Corporation's comparative balance sheets are presented below. SWIFTY CORPORATION Comparative Balance Sheets December 31...

80.2K

Verified Solution

Question

Accounting

image
image
Swifty Corporation's comparative balance sheets are presented below. SWIFTY CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $ 14,800 $ 10,300 Accounts receivable 21,500 23.500 Land 20,300 26.400 70,000 70.000 Buildings Accumulated depreciation-buildings (14.600) ( 10.400) Total $ 112,000 $ 119.800 $ 12.200 $ 28,600 Accounts payable 74,400 69.500 Common stock Retained earnings 25,400 21.700 Total $ 112,000 $ 119.800 Additional information: 1 2 Net income was $ 22.900. Dividends declared and paid were $ 19 200. No noncash investing and financing activities occurred during 2022 The land was sold for cash of $ 4.500. 3 Prepare a statement of cash flows for 2022 using the Indirect method. Show mount the cash with the -15.000 15.0001 SWIFTY CORPORATION Statement of Cash Flows-Indirect Method Port 1.2002 NIC alone V 14700 come to recondent inconto Net Cuired by our Odont V 45:00 Lollo V 750 th V 200 V 20 NetCash Provided Operating Activ 179200 CA V V V V $ eTextbook and Media Catest Fresh

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

Medical Sciences
1.2K views

Match the following terms in column 1 with their description or definition in column 2. Column 1....

Economics
1.2K views

An entrepreneur has a venture that will make either $100 million or $0. The chance that...

Finance
1.2K views

Your company has an opportunity to invest in a project that is expected to result in...

Biology
1.2K views

Medical evolution has real importance for the comprehension of the origin of various genetic diseases...

Physics
1.2K views

In case of a prism red light bends the le ast whereas in the case...

Geometry
1.2K views

Find the surface area of a sphere with a radius of 60 m Select one...

Basic Math
1.2K views

3 16 25 9 at ga alata y s sat 25 1 2500 a yos...

Algebra
1.2K views

7 The zeros of polynomial f x are 2 1 and 3 Write f x...

Accounting
1.2K views

A company transferred $61,000 of accounts receivable to a bank. The transfer was...

Accounting
1.2K views

38) Capital Investments has three divisions. Each division's required rate of return is 15% Planned...

Accounting
1.2K views

Required adviser, evaluate the camp's statement of financial position and statement of activities and prepare...

Accounting
1.2K views

A company makes bikes from recycled metal. For a recent job lot of 200 bikes,...