Question

Following are the income statement for 2010 and the balance sheets at year-ends 2009 and 2010 for Allied Enterprises Inc.
a. Prepare the managerial balance sheets for Allied Enterprises at year-ends 2009 and 2010
b. Prepare the company’s cash-flow statement for 2010 according to the direct method, and the indirect method to computing the net operating cash flow per
Standards No. 95 of the Financial Accounting Standards Board
Income Statement (in thousands)
2010
Net sales................ $34,760
Cost of goods sold............ 27,610
Selling, general, and administrative expenses.. 5,500
Depreciation expense............ 165
Earnings


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  • CreatedMarch 27, 2015
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