Entries by mary WAMBUGU

The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal): Item/Account 2017 2016

August 27, 2019 in /by

Question 9 (4 points)The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal): Item/Account 2017 2016 Cash $26,000 $16,000 Accounts Receivable 40,000 50,000 Inventory 30,000 22,000 Current Liabilities 76,000 42,000 Net Sales (all credit) 390,000 360,000 Cost of Goods Sold 260,000 250,000 Use this information to determine for […]

 

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Alpha’s Company’s Fiscal Year 2017 Statement of Cash Flows reflected information that cash provided by operating activities was $800,000. The following additional information was provided:

August 27, 2019 in /by

Alpha’s Company’s Fiscal Year 2017 Statement of Cash Flows reflected information that cash provided by operating activities was $800,000. The following additional information was provided: Depreciation Expense $380,000 Common Stock Dividends 200,000 Accounts Receivable increase 110,000 Accounts Payable decrease 60,000 Use this information and determine Alpha Company’s the Net Income (Net Loss) the 2017 Fiscal […]

 

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Alpha’s Company’s Fiscal Year 2017 Statement of Cash Flows reflected information that cash provided by operating activities was $800,000.

August 27, 2019 in /by

11. Alpha’s Company’s Fiscal Year 2017 Statement of Cash Flows reflected information that cash provided by operating activities was $800,000. The Fiscal Year 12/31/17 Balance Sheet showed the value of Retained Earnings to be $625,000. The following additional information was provided: Depreciation Expense $380,000 Common Stock Dividends 200,000 Accounts Receivable increase 110,000 Accounts Payable decrease 60,000 […]

 

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The following information is related to Alpha Company’s fiscal year 2017. Income Statement: Net Income $3,000,000

August 27, 2019 in /by

Question 12. The following information is related to Alpha Company’s fiscal year 2017.             Income Statement:                         Net Income                             $3,000,000                         Depreciation Expense                500,000                         Loss on Sale of Plant Assets        50,000                         Interest Expense                             5,000             Balance Sheet – 12/31/17: Increase (Decrease)                         Accounts Payable                  ($40,000)                         Plant Assets – Purchased        250,000                         Plant Assets – Disposals         (100,000)             Additional Information:  Common Stock exchanged for outstanding Long Term Notes Payable of […]

 

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