*ProblemE 12-1
Prepareastatementofcashflowsusingtheindirectmethod.(Showamountsthatdecrease cash flow with either a sign e.g. 15000 or in parenthesis e.g. (15000).)
*Problem IFRS13-1
Ling Company reports the following information for the year ended December 31 2014: sales revenue $1000000 cost of goods sold $700000 operating expenses $200000 and an unrealized gain on non-trading securities of $75000. Prepare a statement of comprehensive income using the one-statement approach.
*Problem
The following control procedures are used at Sandwich Company for over-the-counter cash receipts.
1. To minimize the risk of robbery cash in excess of $100 is stored in an unlocked attach case in the stock room until it is deposited in the bank.
2. All over-the-counter receipts are registered by three clerks who use a cash register with a single cash drawer.
3. The company accountant makes the bank deposit and then records the days receipts.
4. At the end of each day the total receipts are counted by the cashier on duty and reconciled to the cash register total.
5. Cashiers are experienced; they are not bonded.
*Problem12-9A
CondensedfinancialdataofOdgersInc.follow.
Prepareastatementofcashflowsusingtheindirectmethod.(Showamountsthatdecrease cash flow with either a sign e.g. 15000 or in parenthesis e.g. (15000).)
*Problem12-10A
CondensedfinancialdataofOdgersInc.follow.
ODGERSINC.
Prepare a statement of cash flows for Odgers Inc. using the direct method. (Show amounts that decrease cash flow with either a sign e.g. 15000 or in parenthesis e.g.
*Problem13-2 A
ThecomparativestatementsofOsborneCompanyarepresentedhere.
All sales were on account. Net cash provided by operating activities for 2014 was $234640. Capital expenditures were $135980 and cash dividends were $65339.
Compute the following ratios for 2014. (Round all answers to 2 decimal places e.g. 1.83 or 12.61%.)
Earning Per Share
Return on Common Shareholder Equity
Return on Assets
Current Ratio
Account Receivable Turnover