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Exotic adventures_Statement of cash flows

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Question;Exotic adventures, a chain of stores servicing the ecotourism;industry, has provided you with the folloing list of accounts and balances;for the year ended june 30, 2012.;All amounts;shown are in thousands of dollars. You have been asked by the company's CFO;to use a spreadsheet to prepare financial statements for exotic advenures;including;income;statement, retained earnings, and balance sheet. The CFO cant remember the AR;balance. She asked you to figure it out when you prepare the balance sheet.;FINANCIALS;Financial Statement Preparation;Exotic;Adventures;Years Ended June 30;2012;2011;Accounts;payable;$764.8;$771.8;Accounts;receivable;?;315.8;Accumulated;depreciation - buildings;512.8;473.6;Accumulated;depreciation - fixtures;689.6;729.0;Advances;from customers;21.0;25.8;Advertising;expense;271.0;256.0;Allowance;for bad debts;12.6;12.6;Bad debt;expense;23.0;30.0;Bonds;payable (due 9/1/20);916.6;516.6;Buildings;1,166.4;1,166.4;Cash;112.8;98.8;Common stock;470.4;422.4;Copyrights;20.8;22.4;Cost of;goods sold;5,727.8;6,488.0;Depreciation;expense;227.8;204.0;Discontinued;operations loss (net of tax);376.6;0.0;Dividends;declared on common;201.8;180.0;Dividends;declared on preferred;21.2;21.2;Fixtures;1,789.4;1,737.0;Gain on the;sale of old fixtures;108.8;0.0;Goodwill;106.8;113.4;Income tax;expense;280.2;40.0;Income tax;payable;75.0;100.0;Interest;expense;77.6;70.0;Interest;payable;14.2;9.4;Inventories;690.2;510.2;Land;201.8;201.8;Long-term;notes payable;99.4;121.6;Other;operating expenses;691.2;1,000.0;Paid in;capital in excess of par;361.4;333.4;Preferred;stock;265.8;265.8;Prepaid;advertising;65.6;84.2;Rent expense;0.0;650.0;Retained;earnings (beginning of year);613.0;538.2;Salaries;expense;1,246.2;1,428.0;Salaries;payable;121.2;111.4;Sales;9,173.2;10,766.0;Short-term;investments;267.8;56.0;Short-term;notes payable;9.4;27.8;Supplies;expense;256.4;324.0;Treasury;stock (at cost);228.2;228.2

 

Paper#44650 | Written in 18-Jul-2015

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