I need the following accounting questions answered. Word document attached.
1. AJAR Corporation
reported the following information for the current year:
(1) Net income is $102 million.
(2) Purchases of equipment were $47 million.
(3) Customer accounts receivable decreased by
$18 million.
(4) Dividends paid to common shareholders were
$10 million.
(5) Depreciation expense was $39 million.
(6) Income tax payable increased by $5 million.
(7) Long-term debt decreased by $40 million.
(8) Accounts payable increased by $16 million.
(9) Inventories increased by $28 million.
Required: Based on the above information, calculate the
following items:
a. Cash
flow from operating activities.
b. Cash
flow from investing activities.
c. Cash
flow from financing activities.
d. The
increase or decrease in the cash balance.
2.
Prepare the statement of cash flows
for Brindley Company using the indirect method.
Brindley
Company
Income
Statement
For the
Year Ended December 31, 2012
Revenues $8,500
Depreciation
expense $ 800
Other
operating expenses 6,100
6,900
Income
before income taxes $1,600
Interest
expense 850
Income
tax expense 300
Net
income $ 450
Brindley
Company
Balance
Sheet
December
31, 2012 and 2011
2012 2011 2012 2011
Assets: Liab. &
SE:
Cash $ 650 $
130 A/P $ 520
$
500
A/R 770 610 Inc.Taxes/Pay. 270 280
Inventories 835
870 LT debt 415 250
Plant & Equip.
3,450 2,870 Common
Stock 1,260 1,260
Less: Acc. Depr. (1,690) (890) Retained Earnings 1,550
1,300
Total Assets $4,015 $3,590 Total Liab. & SE $4,015 $3,590
