I need help with 2 questions for my accouting504 class. These are not graded, but want them to be correct to post in my discussion thread.
Here you go. I hope this one comes out better and works.
#1. Please calculate the percentage increase or decrease in cash for the operating, investing, and financing sections of the Target Statement of
Cash
flows and explain the major reasons for the increase or decrease for each of these sections. You only have to calculate the percentage increase or decrease for the total lines for each section.
To calculate the percentage increase or decrease, you need to utilize the
201
2 and 2011 numbers.
TargetCorporation_10K_20130320[1]
#2 P2-1A Suppose the following items are taken from the 2014 balance sheet of Yahoo! Inc. (All dollars are in millions.)
Prepare a classified balance sheet.
(LO 1), AP
Goodwill |
$3,927 |
Common stock |
6,283 |
Equipment |
1,737 |
Accounts payable |
152 |
Patents |
234 |
Stock investments (long-term) |
3,247 |
Accounts receivable |
1,061 |
Prepaid rent |
233 |
Debt investments (short-term) |
1,160 |
Retained earnings |
6,108 |
Cash |
2,292 |
Notes payable (long-term) |
734 |
Unearned sales revenue |
413 |
Accumulated depreciation—equipment |
201 |
Instructions
Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2014.
Tot. current assets |
$4,746 |
Tot. assets |
$13,690 |