I need help with question 1 and 2. I need working out for question 3 aswell.     1. Reconstruct the company’s comparative balance sheet for 2013/2014 and show the missing figures to include the appropriate sign as a positive or negative figure.   2. Which category of the statement of cash flow is considered as the most important? Why?   3. Prepare a complete statement of cash flows for 2014 using the indirect method using the information in line with your surname initial.

Question
I need help with question 1 and 2.
I need working out for question 3 aswell.
 
 

1. Reconstruct the company’s comparative balance sheet for 2013/2014 and show the missing figures to include the appropriate sign as a positive or negative figure.

 

2. Which category of the statement of cash flow is considered as the most important? Why?

 

3. Prepare a complete statement of cash flows for 2014 using the indirect method using the information in line with your surname initial.

 

 

Expand

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Cash Flow Statements

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are a...

A: Value of beginning inventory=Quantity×Per unit cost=300×$8=$2,400

Q: You are the lead S-Corporations tax specialist in your area. Your client, Cathyrn, has purchased an ...

A: The following are the criteria which should be fulfilled for recognizing a company as S Corporation:...

Q: Can someone please tell me if I'm on the right track, and complete the missing cells by completing t...

A: Click to see the answer

Q: Scenario: The 2014 comparative balance sheet and 2014 income statement of Ken Co Ltd, have just been...

A: Cash Flow Statement: This is one of the financial statements which shows the cash inflow and outflow...

Q: Accounts Receivable Analysis A company reports the following: Sales $429,240 Average accounts r...

A: Ratio analysis is a method of measuring the financial position of the organization with different ki...

Q: Assume that you are a financial advisor to the CEO of a large conglomerate that has various business...

A: 1. Companies seek sources of funding to grow the business. It is also known as funding or financing....

Q: Please answer with explanation thx

A: Break-even point: It is the point where a firm earns no profit. It is the point where the firm's rev...

Q: Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inv...

A: Total cost = Inventory Quantity x  Cost per Unit Total Market = Inventory Quantity x Market Value pe...

Q: 7. A business operated at 100% of capacity during its first month, with the following results: Sa...

A: Answer:   Option d.

Q: Yem Company expects to produce 1,830 units in January and 1,923 units in February. Yem budgets five ...

A: The budget is prepared by the management on the basis of past experience. On the basis of the budget...

Q: Discuss:  Special Business Forms and Contract Liability The city of Papagos, Arizona, had a deterior...

A: Contract: A contract is a legally enforceable agreement between two or more entities to perform an a...

Q: 2. explain the transfer pricing method that is used / can be used in this company. Explain the advan...

A:            Transfer pricing is the price at which different parties interact with each other . A tra...

Q: Theta prepares its financial statements for the year to 30 April each year. The company pays rent fo...

A: Monthly rent until 30 June 2000 = Total yearly rent / 12 months = P84,000 / 12 months = P7,000 Month...

Q: The general ledger of Megan Corporation as of December 31, 2018, includes the following accounts:   ...

A: An intangible object is something that cannot be touched, is hard to describe, or assign an exact va...

Q: Solvency and Profitability Trend Analysis (Part A is the only one I got incorrect, let me know what ...

A: Return on total assets = (Net Income + Interest expense)/ Average Total assets where, Average Total ...

Q: A business has been accounting for its bad A/R using the Allowance Method. For the last 5 years, the...

A: Allowance for Doubtful Accounts: Allowance for doubtful accounts is determined as the reduction in ...

Q: List the appropriate fund(s) that will be affected for each of the following transactions for Sienna...

A: Definition: General Fund: It is the primary fund used by an entity. Debt Service Fund: The purpose o...

Q: Wallace Inc. collects 90% of its sales on account in the month of the sale and 10% in the month foll...

A: Cash collection from September sales = September sales on credit x 10% = $276,000 x 10% = $27,600

Q: Jase Manufacturing Co.'s static budget at 7,800 units of production includes $23,400 for direct labo...

A: The cost can be classified into two categories i.e fixed cost and variable cost. The  FIxed cost rem...

Q: I need help with this Cash flow

A: Statement of Cash Flow: Statement of cash flow is one of the main financial statement which reports ...

Q: Oasis Company adds all materials at the beginning of itsmanufacturing process. Production informatio...

A:                     beginning       ending         work in process       working process       ...

Q: Listed below are body temperatures from five different subjects measured at 8 AM and again Temperatu...

A:           Temperature is a degree of hotness and coldness measured with a thermometer . 

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A:            Statement of Cash flow is one of the main financial statement which reports Cash inflow a...

Q: 

A: Inventory: It is the goods and material a business hold to sell. There are two methods for recording...

Q: Case:Mercurial Company has made the following information available for its production facility for ...

A: Followings are the solutions to requisite problems

Q: Below shows the 2012 comparative balance sheet and 2012 income statement for Sammy’s Limited which w...

A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business dur...

Q: An independent CPA is engaged to audit the financial statements of Holland City . The city has a var...

A: The correct option is Option “D”.

Q: Problem 8-5 Bridgeport Limited stocks a variety of sports equipment for sale to institutions. The fo...

A: Inventory: Inventory is the goods and material a business holds for sale. There are two methods for ...

Q: 3.A business operated at 100% of capacity during its first month, with the following results: Sal...

A: Answer 3 We’ll answer the first question since the exact one wasn’t specified. Please submit a new q...

Q: 4. An equipment costs P8,000.00 has an economic life of 8 years and a salvage value of P400.00 at th...

A: Definition: Depreciation: Depreciation is a method of reducing the capitalized cost of long-lived op...

Q: Which of the following statements is correct regarding self-employment tax? W-2 income earned durin...

A: W-2 is a salary and wages form. In addition to that, W-2 also reports federal taxes and other taxes ...

Q: what is the mark up as a percent of selling price? given a) $ 38.05 and b) 71.83.   Equation is Sell...

A: Formula: Selling price = Cost price + Markup Sum of cost price and markup derives selling price.

Q: Whispering Inc. purchased land at a price of $29,900. Closing costs were $3,230. An old building was...

A: The cost of land would be the cost incurred to make land available for purchase

Q: Calculate the $ change from2018- 2019

A: A financial statement that summarises the amount of cash and cash equivalents entering and exiting a...

Q: Beck Inc. and Bryant Inc. have the following operating data:   Beck Inc. Bryant Inc. Sales $326...

A: Operating leverage: It is calculated by dividing the contribution margin by the operating income of ...

Q: Cent Discount Stores is assessing its levels of inven-tory for 2013 and 2014 and has gathered the fo...

A: Ratio analysis is a method of measuring the financial position of the organization with different ki...

Q: Accounting Question

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share ...

Q: Prepare the journal entries to record the following purchase transactions in Blossom Company’s books...

A: Discount on Payment = (Purchases - Purchase return) x discount rate = ($23000- $2700) x 2% = $406

Q: Darius Manufacturing Company manufactures and sells parts for various musical gadgets. The businesse...

A: Requirement 1:   Compute the number of units sold.

Q: Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The three...

A: The payback period refers to the time period that is required to recover the initial cost. With the ...

Q: Today, a very high percentage of publicly traded companies are audited by only four very large publi...

A: The public accounting firms are the firms with experts providing various kinds of accounting, auditi...

Q: Accounting Question

A: 1. Common stock issued 220,000 shares 2. Preferred stock issued 150,000 shares 3. $440,000 4. ...

Q: List two factors F. Raser should consider in deciding whether to raise finance by issuing loan notes...

A: Financing decisions are very important for a firm /company. Financing decisions relates to selection...

Q: Prepare the following budgets for the year 2021: - 1. Production budget. Show total production unit ...

A: Production budget: Production budget is the estimation or projection of number of units the company ...

Q: CVP analysis with multiple products assumes that sales will continue at the same mix of products, ex...

A: When there are multiple products, there is change in the product mix then the weighted average is be...

Q: Record the journal entry or entries fo sales transactions. Glow Industries se $50 per light to a cus...

A: Journal Entry:   Journal entry has two effects for every transaction. The journal entry is passed by...