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iragen [17]
3 years ago
8

Rodriquez corporation's comparative balance sheets are presented below. rodriquez corporation comparative balance sheets decembe

r 31 2017 2016 cash $16,600 $17,700 accounts receivable 24,900 22,500 investments 20,250 16,150 equipment 59,750 70,150 accumulated depreciation—equipment (13,750 ) (10,100 ) total $107,750 $116,400 accounts payable $14,650 $11,050 bonds payable 10,800 30,100 common stock 50,500 44,600 retained earnings 31,800 30,650 total $107,750 $116,400 additional information: 1. net income was $18,650. dividends declared and paid were $17,500. 2. equipment which cost $10,400 and had accumulated depreciation of $1,800 was sold for $3,800. 3. no noncash investing and financing activities occurred during 2017.
Business
1 answer:
Lelechka [254]3 years ago
4 0

Answer:

The cash flow statement is attached

Explanation:

               

Download xlsx
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Answer:A

Explanation:

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Kahn Company paid $240,000 to purchase a machine on January 1, Year 1. During Year 3, a technological breakthrough resulted in t
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Answer:

Yes, the machine should be replaced

Explanation:

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Purchase price                                       $300,000

Less:

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4 0
3 years ago
Which statement best describes the relationship between businesses and other parts of the circular flow of goods?
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The answer is d sorry if it wrong
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3 years ago
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Accountants focus on creating financial statements, whereas finance professionals use these statements to evaluate a firm and an
11111nata11111 [884]

Answer:

1. Indication of financial statement to refer to when answering questions in the following table:

Question                                                   Financial Statement

How profitable has the firm been?         Income Statement

How much of the firm's earnings are     Statement of Retained Earnings

left as balance after the firm pays out

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a. Overstate its earnings

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Company A's Income Statement shows its profit performance at different levels.  At one level is the gross profit, which shows the difference between the net sales or service revenue and the cost of sales/service.  At another level is the operating income, which is the income before interest and taxes.  The next important level is the net income, which is the profit after taxes.  This shows the earnings available for distribution to stockholders.  The Statement of Cash Flows classifies the cash flows generated into operating, investing, and financing activities, and shows the non-cash flow adjustments.

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