ACC 557 Week 9 Chapter 13( E13-3, E13-4, E13-6, P13-3A) FOR MORE CLASSES VISIT www. acc557tutor. com
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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