Question Details

Complete the worksheet for Jenner Company 


a1
The following information is available for Yates Corporation:
Capital expenditures	$105,000
Cash dividends	65,000
Cash provided by operations	200,000
Net income	130,000
Sales	600,000

Instructions
Compute Yates Corporation's free cash flow.


a2
Jenner Company has begun a worksheet for preparing a statement of cash flows. The following additional information is provided:
	1.	Cash dividends of $10,000 were paid during the year.
	2.	Land which originally cost $60,000 was sold for $52,000.
	3.	Ordinary shares were issued at par value for cash.
Instructions
Complete the worksheet for Jenner Company .

JENNER COMPANY
Worksheet
Statement of Cash Flows
For the Year Ended December 31, 2011
	Balance	Reconciling Items	Balance
Accounts Statement of Financial
Position	12/31/10	Debits	Credits	12/31/11
	Debits

Land	60,000	-0-
Equipment	131,000	140,000
Inventory	90,000	110,000
Accounts receivable	40,000	53,000
Cash	  30,000	  65,000
	Total	351,000	368,000
	Credits

Share capital-ordinary	170,000	180,000
Retained earnings	  60,000	  71,000
Bonds payable	25,000	10,000
Accumulated depreciation—
  equipment	81,000	95,000
Accounts payable	  15,000	  12,000
	Total	351,000	368,000
Statement of Cash Flows Effects
Operating activities
	Net income					21,000




Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help