subject
Business, 01.12.2021 01:00 byjennjenn

Below are balance sheet and income statement data for Howard Bannister Company. Note: For the balance sheet data, the end-of-year information is in the left column. Balance Sheet Data 20X2 20X1 Accounts Payable 165 95 Accumulated Depreciation 520 339 Cash 200 100 Common Stock 1,000 700 DIVIDENDS PAYABLE 40 25 Equipment 2,700 2,395 Income Tax Payable 100 135 Inventory 1,120 890 Mortgage Payable 900 1,265 Prepaid General Expenses 300 350 Retained Earnings (ending balance, after closing) 1,545 1,098 Unearned Sales Revenue 50 78 Income Statement Data (for 20X2) Sales 10,000 Cost of Goods Sold 6,000 General Expenses 2,000 Depreciation Expense 330 Loss on Sale of PPE 100 Income Tax Expense 700 Total Expenses 9,130 Net Income 870 Additional Information: a. Equipment with a (net) book value of $300 was sold during 20X2. b. All accounts payable relate to inventory purchases. c. Equipment costing $160 was purchased with a mortgage during 20X2. This fact is already reflected in the balance sheet numbers reported above. All other purchases of Equipment in 20X2 were cash transactions. Compute the total CASH FROM OPERATING ACTIVITIES in 20X2 $1,183 $1,200 $1,300 $927 $697 $1,027 $1,127 $1,227

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 17:30
Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.
Answers: 2
question
Business, 21.06.2019 21:00
You decide that structural changes must be made at holden evans immediately to deal with the additional product lines. equipment and employees will have to be moved around to optimize production of all of the products in house. this shouldn't be too difficult because many of the vitamins and supplements are produced using similar processes. you have several options available to facilitate this process. which of the following methods do you think is the best choice? select an option from the choices below and click submit. because the changes may result in the loss of several key employees, you hire outside consultants who specialize in hr law. this way any employee terminations will not result in lawsuits. you select an outside consulting firm that your company has never worked with before, but it has a reputation for using new technology in product lines that are similar to yours. you select several trusted managers to facilitate the transition of operations from overseas. these individuals can gather information and also smooth any rough spots that may occur.
Answers: 3
question
Business, 21.06.2019 22:30
Before contacting the news or print media about your business, what must you come up with first ? a. a media expertb. a big budgetc. a track recordd. a story angle
Answers: 1
question
Business, 22.06.2019 07:40
(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?
Answers: 3
You know the right answer?
Below are balance sheet and income statement data for Howard Bannister Company. Note: For the balanc...
Questions
question
Mathematics, 12.07.2019 03:30
question
Health, 12.07.2019 03:30
question
Mathematics, 12.07.2019 03:30
question
English, 12.07.2019 03:30
question
Mathematics, 12.07.2019 03:30
Questions on the website: 13722361