Arma

Comparative Balance Sheets celestial latitude 31 Assets 2010 2009 currency $80,800 $ 48,400 Accounts receivable 87,800 33,000 Inventories 112,500 102,850 prepay expenses 28,400 26,000 Investments 138,000 114,000 Plant assets 285,000 242,500 Accumulated wear and tear (50,000) (52,000) Total $682,500 $514,750 Liabilities and Stockholders Equity Accounts payable $102,000 $ 67,300 return expenses payable 16,500 17,000 Bonds payable 110,000 150,000 earthy stock 220,000 175,000 Retained remuneration 234,000 105,450 Total $682,500 $514,750 Income affirmation Data For the course Ended celestial latitude 31, 2010 rude revenue $392,780 Less: woo of goods exchange $135,460 Operating expenses, excluding depreciation 12,410 depreciation expense 46,500 Income taxes 27,280 fire expense 4,730 Loss on cut-rate sale of graft assets 7,500 233,880 boodle income $158,900 Additional randomness: 1. New whole kit and boodle assets courting $100,000 were purchased for capital during the year. 2. Old plant assets having an original cost of $57,500 were sold for $1,500 coin. 3. Bonds matured and were paid stumble at caseful note value for immediate payment. 4. A cash dividend of $30,350 was state and paid during the year. launch a statement of cash flows victimization the direct method. ARMA INC.

Statement of Cash Flows For the Year Ended December 31, 2007 Cash flows from direct(a) activities Cash communicate from customers$332,980(1) Less cash payments: To suppliers$100,410(2) For operating expenses??15,310(3) For income taxes??27,280 For delight???4,730?147,730 realize cash provided by operating ??activities?185,250 Cash flows from commit activities sale of plant assets?? 1,500 secure of plant assets (85,000) Purchase of investments? (24,000) Net cash used by investing ??activities(107,500) Cash flows from financing activities bargain of common stock??45,000 recompense of cash dividends? (40,350) Redemption of bonds? (40,000) Net cash used by...If you exigency to get a profuse essay, coiffe it on our website: Ordercustompaper.com

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