Exemplary Forten Company Spreadsheet For Statement Of Cash Flows
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Problem 12-2AA 60 minutes FORTEN COMPANY Spreadsheet for Statement of Cash Flows For Year Ended December.
Forten company spreadsheet for statement of cash flows. Forten Company a merchandiser recently completed its calendar-year 2015 operations. Forten Company a merchandiser recently completed its calendar-year 2013 operations. Forten Companys current year income statement comparative balance sheets and additional information follow.
For the year 1 all sales are credit sales 2 all credits to Accounts Receivable reflect cash receipts from customers 3 all purchases of inventory are on credit 4 all debits to Accounts Payable reflect cash payments for inventory and 5 Other Expenses are paid in advance and are initially debited. BSold equipment costing 70875 with accumulated depreciation of 38125 for 19625 cash. Cash flows spreadsheet LO P1 P2 P3 P4 Forten Company a merchandiser recently completed its calendar-year 2013 operations.
Get the detailed answer. For the year 1 all sales are credit sales 2 all credits to Accounts Receivable reflect cash receipts from customers 3 all Expenses are paid in advance and are initially debited to Prepaid Expenses. Individuals and indirect approach forten company cash flows will offer great work for garcon company reported the relationship between the following changes in a statement.
Financing activities a simultaneous. Dividend is the company cash flow from the statement. Statement of cash flows LO A1 P1 P2 P3 Additional Information on Year 2017 Transactions aThe loss on the cash sale of equipment was 13125 details in b.
For the year 1 all sales are credit sales 2 all credits to Accounts Receivable reflect cash receipts from customers 3 all purchases of inventory are on credit 4 all debits to Accounts Payable reflect cash payments for inventory and 5 Other Expenses are paid in advance. Help you most company statement cash flows a spreadsheet template now. Problem 16-3A Indirect.
For the year 1 all sales are credit sales 2 all credits to Accounts Receivable reflect cash receipts from customers 3 all purchases of inventory are on credit 4 all debits to Accounts Payable reflect cash payments for inventory and 5 Other. Statement of cash flows FORTEN COMPANY Income Statement Dec 31 2015 Sales 582500 Cost of goods sold 285000 Gross profit 297500 Operating expenses Depreciation expense 20750 Other expenses 132400 153150 Other Gains Loss Loss on sale of Equipment-5125 Income before taxes 139225 Income taxes expense 24250 Net Income. Forten Company a merchandiser recently completed its calendar-year 2013 operations.