Midterm Exam Guidance
Less Salary paid
Paid $70,000 for salaries.
Paid $20,000 to purchase office equipment.
Paid $6,000 for utilities.
Paid $7,000 in dividends.
Collected $130,000 from customers.
What was Jamie's
net cash provided by operating activities
Gross cost of plant assets used - accumulated depreciation:
These are selected account balances on December 31, 2007.
-Land (location of the corporation's office building) $200,000
-Land (held for future use)
-Corporate Office Building 1,200,000
-Office Furniture 200,000
-Accumulated Depreciation 600,000
What is the total NET amount of property, plant, and equipment that will appear on the balance sheet
Net Income / # of shares
For 2007 Mossland Corporation reported net income of $28,000; net sales $400,000; and average share
outstanding 6,000. There were no preferred stock dividends. What was the 2007 earnings per share?
(Chapter 2, pages 55-57) (Points: 3)