Statement of Cash Flows

Business and Finance homework help: Submit a paper which is 2-3 pages in length (no more than 3-pages), exclusive of the reference page. Your paper should be double spaced in Times New Roman (or its equivalent) font, which is no greater than 12 points in size. Cite at least three sources in APA format. In this paper, in addition to presenting the computed answers, please also discuss how you arrived at each answer the accounting problem asks. The accounting problem presents a company’s balance sheet, income statement, and statement of cash flows for a theoretical company, Polly’s Pet Products. Each of these statements has blank lines. Determine the values that would be appropriate for each blank line. Provide a narrative of how you arrived at each value.
Include in this narrative an explanation of:
the financial statement being completed;
the account being valued;
its relationship to the other financial data.
For example, if the accounts payable (AP) line was missing, describe what a balance sheet is and explain that you can derive the AP value based on knowing all the other values of the current liabilities section. Then explain what an account liability is, as well as why it would belong in the current liabilities section of the balance sheet. Finally, analyze, evaluate, and develop a conclusion about the company’s performance based on the completed statements. Please refer to the income statement, balance sheet, and statement of cash flows of Polly’s Pet Products. Superior papers will mention and explain the following elements when responding to the assignment question: Provide correct balances for the blank financial account lines.
Define the financial statement being completed.
Discuss how the values were determined.
Define and explain each account line that was completed.
Analyze, evaluate, and develop conclusions about the company’s performance based on the financial information. Balance Sheet
Polly’s Pet Products
Balance Sheet as of December 31, 2018
ASSETS
CURRENT ASSETS
Cash
Accounts receivable 50,000
Other assets 25,000
Total current assets
LONG TERM ASSETS
Fixed Assets 75,000
TOTAL ASSETS
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable 75,000
Accrued expenses
Income tax payable 5,000
Current portion of notes payable 12,000
Deferred income taxes 1,500
Total current liabilities 123,500
LONG TERM LIABILITIES
Notes payable (long term)
TOTAL LIABILITIES 161,500
STOCKHOLDERS’ EQUITY
Common stock 5,000
Additional paid-in capital 15,000
Retained Earnings
Total stockholders’ equity
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

Diamond Gem Cleaning and Maintenance Service Balance Sheet Year Ended December 31, 20XX

Income Statement

Polly’s Pet Products
Income Statement as of December 31, 2018
Revenues 650,000
Operating Costs
Gross Profit 205,000
General and Administrative Expenses 75,000
Operating Income
Other Expense 60,000
Income Before Provision for Income Taxes
Provision for Income Taxes 5,000
Net Income
Retained Earnings, Beginning Balance 103,500
Net Income
Retained Earnings, Ending Balance

Diamond Gem Cleaning and Maintenance Service &”-,Bold”Statement of Income and Retained Earnings Year Ended December 31, 20XX

Stmt of Cash Flows

Polly’s Pet Products
Statement of Cash Flows as of December 31, 2018
Cash Flows from Operating Activities
Cash received from customers 600,000
Cash paid out to suppliers and employees
Interest paid (5,000)
Taxes paid (10,000)
Net cash provided by operating activities 185,000
Cash Flows from Investing Activities
Purchase of fixed assets (25,000)
Net cash used in investing activities (25,000)
Cash Flows from Financing Activities
New loans 50,000
Repayments on loans (45,000)
Issuance of common shares of stock 5,000
Net cash provided by financing activities
Net change in Cash
Cash balance, beginning of year 30,000
Cash balance, end of year
Mypaperwriterspro.com

Order NOW to get 15% Discount!

Pages
{{total || ""}}

Why Choose Us

Top Quality and Well-Researched Papers

Keeping in mind your instructions and guidelines, our writers ensure to do extensive research before beginning to write. Unique and quality paper is our top priority.

Professional and Experienced Academic Writers

Our team of writers and editors have many years of experience in academic writing. They are native English speakers and able to handle any academic task with ease.

Free Unlimited Revisions

We offer free unlimited revision to our clients. Whenever you feel the need to revise your work submit to our able editors. Our editors will ensure that your paper will be revised to meet your guidelines.

Prompt Delivery and 100% Money-Back-Guarantee

As a team we work hard to ensure a timely delivery of your papers. All you need to do is specify the time frame that you want you paper be submitted. We will work round the clock to beat the deadline.

Original & Confidential

We value your confidentiality and all our payment method are secure. We also use high end writing tools to ensure that all papers delivered are unique.

Customer Support 24/7

Our customer support team are available 24/7 to accept your orders and queries. We are committed to provide you with the best customer experience.

What Our Paper Writing Service Guarantees

You do not have to worry on what to expect because at mypaperwriterspro.com we guarantee you;

High Quality Academic Papers

Our team of writers and editors is composed of people with diverse writing experiences. All of them have a Ph.D. They are all Ph.D. or M.A. graduates with extensive experience in academic and essay writing. We offer high-quality, original academic writing at an affordable cost.

Every order is written from scratch. We ensure that your papers conform to English conventions and the requirements of your discipline. To ensure originality, we also perform originality checks on all academic papers. Our success rate is 99% and many of our clients achieves their desired grades.

Zero-plagiarism policy

Mypaperwriterspro has a strict anti-plagiarism policy. To ensure that your paper is not flagged as plagiarism, we take extra precautions when writing it. Professional plagiarism detection software is used by our custom paper experts.

Privacy Policy

Mypaperwriterspro takes the privacy of clients' information very seriously. Mypaperwriterspro does not disclose any information about our transactions with third-party services. Nobody will ever know that you have hired our paper writing service to help with your paper.

Our website offers online security for our customers. Your passwords and personal information are protected and cannot be accessed by anyone else. Our customers are assured that their accounts will not be compromised by hackers. Learn more about the data that we store and how it is used in our privacy statement.

Free revision

When you order our paper service, you get unlimited free revisions and unlimited drafts. We will ensure that you submit flawless papers. Our paper help website allows you to request multiple revisions.

If the order form indicates that modifications or adjustments are required, only those should be made. These guidelines include, but are not limited to:

  • Revision instructions should not conflict with your original instructions.
  • You can request a modification before the purchase is approved. However, there is a 14-day grace period in which you can do this.
  • You should not extend your deadline by more than one day from the original deadline.
  • 24/7 Customer Support

    You can reach us by email, phone, and live chat. We are always interested in hearing from our customers. We welcome any feedback regarding our paper assistance service. Our customer service representatives are available 24/7, even on holidays and weekends. They can help you place orders, check the status of your order, answer questions, or simply provide information.

    Chat with your paper specialist via our live chat. Our professionals are available for unlimited chats. All your questions will be answered within minutes

    Money-back guarantee

    Do you still feel dissatisfied with your final paper? Don't worry. Mypaperwriterspro is committed to customer satisfaction.

    Although it is rare, you can request a partial or full refund if your final paper is not written to your satisfaction. Mypaperwriterspro views our money-back guarantee more as a right than a benefit.

    We believe that our clients deserve the best paper services available online. We offer a simple and straightforward refund process if you are not satisfied with the paper.

    Open chat
    You can now contact our live agent via Whatsapp via +1(954) 751-1024
    You will get free custom written paper ready for submission to your Blackboard