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Prepare a Statement of Cash Flows for the Crosby C...




Prepare a Statement of Cash Flows for the Crosby Corporation. Sales $2,200,000 Cost of goods sold 1,300,000 Gross profits 900,000 Selling and administrative expense 420,000 Depreciation expense 150,000 Operating income 330,000 Interest expense 90,000 Earnings before taxes 240,000 Taxes 80,000 Earnings after taxes 160,000 Preferred stock dividends 10,000 Earnings available to common stockholders $ 150,000 Shares outstanding 120,000 Earnings per share $1.25 Statement of Retained Earnings For the Year Ended December 31, 2004 Retained earnings, balance, January 1, 2004 $500,000 Add: Earnings available to common stockholders, 2004 150,000 Deduct: Cash dividends declared and paid in 2004 50,000 Retained earnings, balance, December 31, 2004 $600,000,How is it coming. Does it look like you can assist me? I am sorry but this is my first time and I am a little worried.,yes I requested the above information. I was just checking to see the status,I do not see a response from you.Where do I read it?


Paper#5514 | Written in 18-Jul-2015

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