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Petunjuk Pengerjaan Tugas Mandiri
Soal Tugas Mandiri (TM) dikerjakan secara berkelompok , di tulis tangan pada kertas double folio dengan rapi.Kelompok terdiri atas maksimal 3 orang anggota.
Dikumpulkan pada awal kuliah minggu/pertemuan berikutnya.
Jawaban Soal TM yang sama, oleh mahasiswa secara perorangan (individual) harus di “up load” pada forum diskusi di binusmaya (LMS), pada kolom tugas. Up load haryus sudah dilakukan paling lambat 7 hari setelah pertemuan yang dimaksudkan.
Bila anda mengerjakan salah satunya saja atau tidak keduanya maka anda dianggap tidak mengumpulkan TM pada pertemuan yang dimaksudkan.
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SOAL TUGAS MANDIRI 22
P 18-3A An Alicia Company’s income statement for year ended December
31, 2005, contained the following condesed infromation.
Revenue from fees $ 900,000
Operating expenses (excluding depreciation) $ 624,000
Depreciation expense 56,000
Loss on sale of equipment
Income before income taxes
Income tax expense
Net income
20,000 700,000
$ 200,000
60,000
$ 140,000
Alicia’s balance sheet contained the following comparative data at December
31.
2005 2004
Account receivable
Accounts payable
Income taxes payable
(Accounts payable pertains to operating expenses)
$ 47,000
41,000
4,000
$ 57,000
36,000
7,000
Instructions:
Prepare the operating activities section of the statement of cash flows using the direct method
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SOAL TUGAS MANDIRI 22
P 18-7A The financial statements of Ernest Banks Company appear below.
Ernest Banks Company
Comparative Balance Sheets (partial)
December 31
Assets
Cash
Accounts receivable
Merchandise Inventory
Prepaid expensed
Land
Property, plant, and equipment
Less: Accumulated depreciation
Total
2005
$ 23,000
24,000
20,000
20,000
40,000
200,000
(50,000)
2004
$ 13,000
33,000
27,000
13,000
40,000
225,000
(67,500)
$ 227,000 $ 283,000
Liabilities and Stockholders’ Equity
Account payable
Accrued expenses payable
Interest payable
Income taxes payable
Bonds payable
Common stock
Retained earning
Total
$ 9,000
9,500
1,000
3,000
50,000
123,000
81,500
$ 277,000
$ 18,500
7,500
1,500
2,000
80,000
105,000
69,000
$ 283,500
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SOAL TUGAS MANDIRI 22
Ernest Banks Company
Income Statement
For the Year Ended December 31, 2005
Revenues
Sales
Gain on sale plant assets
Less: Expenses
$ 600,000
2,500 $ 602,500
Cost of goods sold
Operating Expenses (Excluding depreciation)
Depreciation expense
Interest expense
Income tax expense
Net income
$ 500,000
60,000
7,500
5,000
9,000
Additional information:
1.
Plant assets were sold at a sales price of $62,500
581,500
$ 21,000
2.
Additional equipment was purchases at a cost of $60,000
3.
Dividends of $8,500 were paid.
4.
All sales and purchases were on account.
5.
Bonds were redeemed at face value.
6.
Additional shares of stock were issues for cash.
Instructions:
Prepare a statement of cash flows for Ernest Bank Company for year ended
December 31, 2005, using the indirect method.
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SOAL TUGAS MANDIRI 22
P 18-5B The financial statements of James Lyman Company appear below.
James Lyman Company
Comparative Balance Sheets (partial)
December 31
2005
Assets
Cash
Accounts receivable
Merchandise Inventory
Property, plant, and equipment
Less: Accumulated depreciation
Total
$ 70,000
(30,000)
$ 24,000
20,000
38,000
40,000
$ 22,000
Liabilities and Stockholders’
Equity
Account payable
Income taxes payable
Bonds payable
Common stock
Retained earning
Total
$ 3,000
15,000
20,000
25,000
$ 9,000
$ 22,000
$ 78,000
2004
$ 16,000
11,000
35,000
(24,000) $ 54,000
$ 33,000
20,000
10,000
25,000
$ 28,000
$ 6,000
$ 6,000
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SOAL TUGAS MANDIRI 22
Sales
Cost of goods sold
James Lyman Company
Income Statement
For the Year Ended December 31, 2005
Gross profit
Selling Expenses
Administrative expenses
$ 23,000
10,000
Income from operations
Interest expense
Income before income taxes
Income tax expense
Net income
$ 240,000
$ 180,000
$ 60,000
33,000
$ 27,000
2,000
$ 25,000
7,000
$ 18,000
Additional information:
1.
Dividends of $7,000 were declared and paid
2.
During the year equipment was sold for $11,000 cash. This equipment cost $15,000 originally and had a book value of $11,000 at the time of sale.
3.
All depreciation expense, $10,000, is in the selling expense category
4.
All sales and purchases are on account.
5.
Additional equipment was purchased for $7,000 cash
Instructions:
(a) Prepare a statement of cash flows using the indirect method.
(b) Compute free cash flow
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