Please help with the starred financial accounting questions at the bottom.
1. The Eppley Company reported a net income of $10,000 for the year just ended. Relevant data for the company follows:
Beginning of year
End of year
Accounts receivable (net)
Long term debt payable 100,000 90,000
Depreciation for the year $40,000
Gain on the sale of equipment $5,000
*Determine the net cash flows provided by (used in) operating activities for the Eppley Company.
Below is a financial accounting question regarding Depletion. If you can show each step that would be greatly appreciated so I can understand how you arrived at the final #.
In January, Manila Co., a calendar-year enterprise, purchased a mineral mine for $2,640,000 with removable ore estimated at 1.2 million tons. After it has extracted all the ore, Manila will be required by law to restore the land to its original condition at an estimated cost of $180,000. Manila believes it will be able to sell the property afterwards for $300,000. During the year, Manila incurred $360,000 of development costs preparing the mine for production and removed and sold 60,000 tons of ore. In its annual income statement, what amount should Manila report as depletion?
3. Case study (Accounting questions) solution required for questions e, g and h only regarding Chicago Corpration Case at chapter 17, the case no is 10p in (Financial Accounting Book (14th Edition). i was able to find the case but there is no answers! I have attached the financials as PDF also here is the link to the case, it includes all financial statements you need, your help is highly appreciated. here is the link to the case in Chegg websit http://www.chegg.com/homework-help/comprehensive-review-problem-exhibits-1711-1712-present-part-chapter-17-problem-10p-solution-9781111823450-exc the case from this book (Financial Accounting Book (14th Edition) here is the link to the book the case from: http://www.chegg.com/textbooks/financial-accounting-14th-edition-9781111823450-1111823456?trackid=51e6b63a&strackid=29013c2d&ii=1 all financial statements are attached available below along with the questions: :
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