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XACC 291 Week 8 - BYP13-5 and P14-5

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Description

XACC 291 Week 8 Answer Guide

The following ACC 291 accounting study guide is designed to help students taking accounting principles II at the undergraduate level. 

What's Included in the Study Guide?

  • Full Solutions for BYP13-5 and P14-5
  • All Work Shown
  • Textbook: Financial accounting: Tools for business decision making
    7th Edition
  • Unlimited Additional Support from ACCNerd Accounting Experts

Preview of Solutions

BYP13-5

Prepare a statement of cash flows for Carpino Corporation. 

CARPINO COMPANY

Statement of Cash Flows

Year Ended January 31, 2011

 

Cash Flow from Operating Activities

 

 

Net Loss

 

(30,000)

Adjustments to Reconcile Net Income to net cash provided by operating activities

 

 

Depreciation Expense

55,000

 

Gain from Sale of Investment

5,000

50,000

Net cash Provided by Operating Activities

 

20,000

P14-5

Comparison of Financial Ratios of Wal-Mart Stores, Inc. and Target Corporation. 

Note: Work shown in parentheses. Correct financial ratios are bold. 

Ratio

Target Corporation

Wal-Mart Stores, Inc

Current Ratio

1.60 

(18,906 / 11,782)

 

0.81 

(47,585 / 58,454)

 

 

Get full solutions and tutoring support on the full study guide 

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