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  • Valix Financial Accounting Vol 3 Answers

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    Ashley Brian Morales
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    This document contains financial information for a company across multiple periods. It shows revenues of PHP 2.3 million from customers and dividends for one period. Expenses for that period included wages of PHP 1.2 million, insurance of PHP 100,000 and taxes of PHP 400,000, providing net cash of PHP 600,000. It also shows retained earnings, net income, dividends declared and paid for another period. The net cash provided was PHP 700,000 from receiving cash from a note payable, share capital issue, and dividend payment.

    Originalbeschreibung:

    Problems: 12-25 12--51 #3

    Originaltitel

    Valix Financial Accounting Vol 3 answers.xlsx

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    This document contains financial information for a company across multiple periods. It shows revenues of PHP 2.3 million from customers and dividends for one period. Expenses for that period included wages of PHP 1.2 million, insurance of PHP 100,000 and taxes of PHP 400,000, providing net cash of PHP 600,000. It also shows retained earnings, net income, dividends declared and paid for another period. The net cash provided was PHP 700,000 from receiving cash from a note payable, share capital issue, and dividend payment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als XLSX, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    58K Ansichten1 Seite

    Valix Financial Accounting Vol 3 Answers

    Hochgeladen von

    Ashley Brian Morales
    This document contains financial information for a company across multiple periods. It shows revenues of PHP 2.3 million from customers and dividends for one period. Expenses for that period included wages of PHP 1.2 million, insurance of PHP 100,000 and taxes of PHP 400,000, providing net cash of PHP 600,000. It also shows retained earnings, net income, dividends declared and paid for another period. The net cash provided was PHP 700,000 from receiving cash from a note payable, share capital issue, and dividend payment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als XLSX, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 1

    Problem 12 - 25

    From Customers
    From Dividends
    Wages
    Insurance
    Taxes
    Net Cash Provided

    Php
    Php

    2,000,000.00
    300,000.00 Php 2,300,000.00

    Php
    Php
    Php

    1,200,000.00
    100,000.00
    400,000.00 Php 1,700,000.00
    A.) Php 600,000.00

    Problem 12 -51 #3
    Retained Earnings 2009
    Net Income 2010
    Retained Earnings 2010
    Dividend Declared 2010
    Dividend Payable 2010
    Dividend Paid 2010

    Php
    Php
    Php
    Php
    Php
    Php

    330,000.00
    400,000.00
    (560,000.00)
    170,000.00
    (70,000.00)
    100,000.00

    Cash Received from Note Payable


    Cash Received from Issue of Share Capital
    Dividend Paid
    Net Cash Provided
    D.)

    Php
    Php
    Php
    Php

    500,000.00
    300,000.00
    (100,000.00)
    700,000.00

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