Chapter due 03232022 011.59 Swed Help Save & En Sum Check my work 4 Instant Brake Inc.'s comparative balance sheet infor

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Chapter Due 03232022 011 59 Swed Help Save En Sum Check My Work 4 Instant Brake Inc S Comparative Balance Sheet Infor 1 (32.61 KiB) Viewed 30 times

Chapter Due 03232022 011 59 Swed Help Save En Sum Check My Work 4 Instant Brake Inc S Comparative Balance Sheet Infor 2 (31.25 KiB) Viewed 30 times

Chapter Due 03232022 011 59 Swed Help Save En Sum Check My Work 4 Instant Brake Inc S Comparative Balance Sheet Infor 3 (31.9 KiB) Viewed 30 times

Chapter Due 03232022 011 59 Swed Help Save En Sum Check My Work 4 Instant Brake Inc S Comparative Balance Sheet Infor 4 (31.97 KiB) Viewed 30 times

Chapter due 03232022 011.59 Swed Help Save & En Sum Check my work 4 Instant Brake Inc.'s comparative balance sheet information at December 31, 2020 and 2019, and its income statement for the year ended December 31, 2020, are as follows 20 por 17.000 57.000 550.000 bo Tarken, Incent December 31, 2020 Sales Cost of yoode sold Gross profit Operating expenses 5332,670 Depreciation ampuh 1,230 Operating Profi toas on sale of equipment 12,240 Investment income 19.020 Profit betore taxes In one se Profit 23.30 0.160 References 145.815 17.000 3523.10 2020 Instant Brake The Balance Sheet Information December 31 201 $43.000 $ 29,960 21.760 1,600 87.320 33,410 213.240 90,50 0 24,710 75,000 75,00 Bet Change 19.040 16.110 $4,000 Cash Cash equivalents Accounts receivable Inventory Investment Land 38,120 124.40 MC < Prev 4 of 4 !!! Next
ved Help Save & Exit Submit Check my work 4 124,700) o (19,020) ayuusy Investment Land Building and equipment Accumulated depreciation Accounts payable Dividends payable Bonds payable Preferred whares Common shares Retaineering - 21.780 75,000 439,550 93.560 36.800 21.120 >,414 75,00 120,530 113,000 11.070 2.000 19.000 80,600 303.000 133,240 10 po 1.100 (24.9101 700 19.000 30, 600 405,000 68,210 book 65.130 Prim During 2020, the following transactions occurred 1. Purchased equipment for $20,700 cash 2. Sold the investment on January 1, 2020, for $43,800, resulting in investment income of $19,020 3. Sold equipment for 57470 cash that had originally cost $39.720 and had $20,110 of accumulated depreciation 4. Issued $19.000 of bonds payable at face value Other information: a. All sales are credit sales b. All credits to accounts receivable in the period are receipts from customers c. All purchases of merchandise are on credit d. Al debits to accounts payable in the period result from payments for merchandise e. Other operating expenses are cash expenses Inntaverschenen IME
Assignment 15. Chapter 16-due 03232022 011596 Help Save & Exit 4 Check my wort c. All purchases of merchandise are on creo d. All debits to accounts payable in the period result from payments for merchandise e. Other operating expenses are cash expenses t. Income taxes are cash expenses 10 pont Required: Prepare a statement of cash flows for 2020 using the direct method to report cash inflows and outflows from operating activities (thur any deduction in cash and cash outflows negative amounts) Prime INSTANT BRAKE ING. Statement of Cash Flow For Year Ended December 31, 2020 Cash flows from operating activities $ 0 Net cash inflow from operating activities Cashflows from investing activities ME Graw < Prev 4 of 4 Next
Assignment 25 Chapter 16-due 03232022 01:59 Help Save & Exit Submit Check my work 4 10 po Net cashindow.from operating Cash Bows from insting activities $ 0 book pi Cashdows from fnancing acties 5 0 MC Graw PIP 404 Next