ACC 557 Week 9 Chapter 13 ( E13-3 , E13-4 , E13-6 , P13-3A ) FOR MORE CLASSES VISIT www . acc557tutor . com
ACC 557 Week 9 Chapter 13 ( E13-3 , E13-4 , E13-6 , P13-3A ) FOR MORE CLASSES VISIT www . acc557tutor . com
ACC 557 Week 9 Chapter 13 ( E13-3 , E13-4 , E13-6 , P13-3A ) E13-3 : Tim Latimer Corporation had the following transactions . For each transaction above , prepare the journal entry . ............
E13-4 : Bracewell Company reported net income of $ 195,000 for 2014 . Bracewell also reported depreciation expense of $ 40,000 and a gain of $ 5,000 on disposal of plant assets . The comparative balance sheet shows an increase in accounts receivable of $ 15,000 for the year , a $ 17,000 increase in accounts payable , and a $ 4,000 decrease in prepaid expenses . ............
Prepare the operating activities section of the statement of cash flows for 2014 . Use the indirect method ............
E13-6 : The three accounts shown below appear in the general ledger of Chaudry Corp . during 2014 . ............
From the postings in the accounts , indicate how the information is reported on a statement of cash flows using the indirect method . The loss on disposal of plant assets was $ 5,000 . ( Hint : Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $ 53,000 .) ............
P13-3A : The income statement of Toby Zed Company is presented here . ............