Question Details

*Problem E 12-1 
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a ¬ sign e.g. ¬15,000 or in parenthesis e.g. (15,000).)
*Problem  IFRS 13-1 
Ling Company reports the following information for the year ended December 31, 2014: sales revenue $1,000,000, cost of goods sold $700,000, operating expenses $200,000, and an unrealized gain on non-trading securities of $75,000. Prepare a statement of comprehensive income using the one-statement approach. 

*Problem  
The following control procedures are used at Sandwich Company for over-the-counter cash receipts. 
1. To minimize the risk of robbery, cash in excess of $100 is stored in an unlocked attaché case in the stock room until it is deposited in the bank. 
2. All over-the-counter receipts are registered by three clerks who use a cash register with a single cash drawer. 
3. The company accountant makes the bank deposit and then records the day- receipts. 
4. At the end of each day, the total receipts are counted by the cashier on duty and reconciled to the cash register total. 
5. Cashiers are experienced; they are not bonded. 

*Problem 12-¬9A 
Condensed financial data of Odgers Inc. follow.
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a ¬ sign e.g. ¬15,000 or in parenthesis e.g. (15,000).)


*Problem 12¬-10A 
Condensed financial data of Odgers Inc. follow. 
ODGERS INC. 
Prepare a statement of cash flows for Odgers Inc. using the direct method. (Show amounts that decrease cash flow with either a ¬ sign e.g. ¬15,000 or in parenthesis e.g.


*Problem 13¬-2 A 
The comparative statements of Osborne Company are presented here.
All sales were on account. Net cash provided by operating activities for 2014 was $234,640. Capital expenditures were $135,980, and cash dividends were $65,339. 
Compute the following ratios for 2014. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)
Earning Per Share
Return on Common Shareholder Equity
Return on Assets
Current Ratio
Account Receivable Turnover