construct in good form the operating activities section of the company s statement 641410

Burtch Company”s net income last year was $112,000. Changes in the company”s balance sheet accounts for the year appear below:

 

Don't use plagiarized sources. Get Your Custom Essay on
construct in good form the operating activities section of the company s statement 641410
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay

Increases

 

(Decreases)

Debit balances:

 

Cash

$(14,000)

Accounts receivable

$(9,000)

Inventory

$16,000

Prepaid expenses

$(8,000)

Long term investments

$40,000

Plant and equipment

$30,000

Credit balances:

 

Accumulated depreciation

$36,000

Accounts payable

$18,000

Accrued liabilities

$(5,000)

Taxes payable

$3,000

Bonds payable

$(40,000)

Deferred taxes

$8,000

Common stock

$20,000

Retained earnings.

$15,000

The company declared and paid cash dividends of $97,000 last year.

Required:

a. Construct in good form the operating activities section of the company”s statement of cash flows for the year. (Use the indirect method.)

b. Construct in good form the investing activities section of the company”s statement of cash flows for the year.

c. Construct in good form the financing activities section of the company”s statement of cash flows for the year.

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Top quality papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional academic writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Free revisions

If you feel that we missed something, send the order for a free revision. You will have 10 days to send the order for revision after you receive the final paper. You can either do it on your own after signing in to your personal account or by contacting our support.

On-time delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & confidential

We use several checkers to make sure that all papers you receive are plagiarism-free. Our editors carefully go through all in-text citations. We also promise full confidentiality in all our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

You are welcome to choose your academic level and the type of your paper. Our academic experts will gladly help you with essays, case studies, research papers and other assignments.

Admissions

Admission help & business writing

You can be positive that we will be here 24/7 to help you get accepted to the Master’s program at the TOP-universities or help you get a well-paid position.

Reviews

Editing your paper

Our academic writers and editors will help you submit a well-structured and organized paper just on time. We will ensure that your final paper is of the highest quality and absolutely free of mistakes.

Reviews

Revising your paper

Our academic writers and editors will help you with unlimited number of revisions in case you need any customization of your academic papers