Accounting Unit 5

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1.0.05 2.0.45 3.0.193 4.39.6-50.0 5.68% based on the Empirical Rule

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Q The purpose of this assignment is to apply the concepts learned about corporations’ equity in this unit. All exercises and problems are in the textbook on the pages noted: E17.1 page 17-47 (7 points), E17.3 page 17-48 (13 points), E17.13 page 17-51 (10 points), P17.5 page 17-53 (20 points), P17.9 page 17-55 (30 points). Use MS Excel or Google sheets for your answers in proper accounting statement format, if required. Separate your answers by tabs. 80 Points CSLO 4

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P17.9 page 17-55 (30 points). Cash flows from operating activities Net income 1,54,580 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense 46,500 Loss on disposal of plant assets 7,500 Increase in accounts receivable 49,800 Increase in inventory 9,650 Increase in accounts payable 34,700 Increase in prepaid expenses 2,400 Decrease in accrued expenses payable 4,500 Net cash provided by operating activities 1,76,930

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