Use T account for all the workings Prepare cash flow statement for Marson using the indirect method


The following is a comparative statement of financial position of Marson Co. asof December 31 2019 2018 AssetsLa nd 140,000 90,000Vehicle 140,000 170,000Accumulated depreciation – vehicle ( 75,000) ( 90,000)Lon_ term investment 111 700 50 000Prepaid advertising 30.000 35,000Inventory 73,000 30,000Account receivable 28.000 18,000Cash 30.000 10,000 Total Assets 477.700 313,000Equity and LiabilitiesShare capital – ordinary (par value $20) 130,000 80,000Share premium – ordinary 85,000 35,000Retained earnings 120000 90,000Bonds payable 95.000 77,000Account payable 35.000 15,000Accrued expense 3000 7,000Dividends payable 3,200 5,000Income tax payable 6500 4,000 Total Equity and Liabilities 477,700 313,000 Marson Income Statement for the year ended 31 December 2019: Sales $488,000COGS $268,400)Gross Profit $219,600Total Operating Expenses ($173,600) 9Include Depreciation Expense $45,000Other Income (Expenses):Gain on Disposal of Vehicle $16,600Income From Operations $62,600Interest Expense (Bonds) 1517.600)Income Before Tax $45,000Income Tax expense ($7,500) Net Income $37,500

Don't use plagiarized sources. Get Your Custom Essay on
Use T account for all the workings Prepare cash flow statement for Marson using the indirect method
Just from $13/Page
Order Essay

Show more


Source link

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 15% with the discount code BANANA