Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each
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Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash and theamount:
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COUNTRY KET TLES, INC. Balance Sheet December 31, 2011 2010 2011 Assets $30,400 69,904 60,800 147,000 45,730 $262,374 $29,520 73,344 63,736 157,180 52,280 $271,500 Accounts receivable Inventories Property, plant, and equipment Less: Accumulated depreciation Total assets Liabilities and Equity Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings Total liabilities and equity $ 44,994 6,280 25,600 16,000 $169,500 $262,374 47,118 5,632 28,000 20,000 $170,750 $271,500
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0078034633
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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