Arma

Comparative Balance Sheets declination 31 Assets 2010 2009 exchange $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 dispraise (50,000) (52,000) Total $682,500 $514,750 Liabilities and Stockholders Equity Accounts payable $102,000 $ 67,300 increase expenses payable 16,500 17,000 Bonds payable 110,000 150,000 normal stock 220,000 175,000 Retained pay 234,000 105,450 Total $682,500 $514,750 Income affirmation Data For the stratum Ended celestial latitude 31, 2010 arrant(a) revenue $392,780 Less: court of goods exchange $135,460 Operating expenses, excluding depreciation 12,410 depreciation expense 46,500 Income taxes 27,280 involution expense 4,730 Loss on cut-rate sale of ingraft assets 7,500 233,880 shekels income $158,900 Additional discipline: 1. New coif 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 moody at caseful grade for cash in. 4. A cash dividend of $30,350 was tell and paid during the year. launch a statement of cash flows exploitation the direct method. ARMA INC.

Statement of Cash Flows For the Year Ended December 31, 2007 Cash flows from in operation(p)(a) activities Cash profit 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 cyberspace cash provided by operating ??activities?185,250 Cash flows from place activities sale of plant assets?? 1,500 acquire of plant assets (85,000) Purchase of investments? (24,000) Net cash used by investing ??activities(107,500) Cash flows from financing activities sales event of common stock??45,000 defrayment of cash dividends? (40,350) Redemption of bonds? (40,000) Net cash used by...If you necessitate to get a plentiful essay, coiffe it on our website: Ordercustompaper.com

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