Calculate the Statement of Cash flows: Balance Sheet Cash A/R Inventory Total CA Net FA Total...
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Calculate the Statement of Cash flows: Balance Sheet Cash A/R Inventory Total CA Net FA Total Assets Income Statement Revenues Cost of Goods Sold Gross Profit Expenses Depreciation EBIT Interest Expense Taxable Income Taxes (40%) Net Income 2014 $123,450 $2,346,876 $1,234,678 $3,705,004 $1,664,690 $5,369,694 2015 $13,047,115 $10,505,678 $2,541,437 $1,456,732 $796,540 $288,165 $123,567 $164,598 $65,839 $98,759 2015 $120,780 A/P $2,576,578 $1,745,678 N/P $4,443,036 Total CL $2,134,543 LT Debt Common Stock Retained Earnings $6,577,579 Total Liab. & Equity 2014 $1,234,657 $890,456 $2,127,127 $1,456,754 $1,500,000 $285,813 $5,369,694 2015 $1,565,550 $1,234,678 $2,802,243 $1,890,764 $1,500,000 $384,572 $6,577,579 Calculate the Statement of Cash flows: Balance Sheet Cash A/R Inventory Total CA Net FA Total Assets Income Statement Revenues Cost of Goods Sold Gross Profit Expenses Depreciation EBIT Interest Expense Taxable Income Taxes (40%) Net Income 2014 $123,450 $2,346,876 $1,234,678 $3,705,004 $1,664,690 $5,369,694 2015 $13,047,115 $10,505,678 $2,541,437 $1,456,732 $796,540 $288,165 $123,567 $164,598 $65,839 $98,759 2015 $120,780 A/P $2,576,578 $1,745,678 N/P $4,443,036 Total CL $2,134,543 LT Debt Common Stock Retained Earnings $6,577,579 Total Liab. & Equity 2014 $1,234,657 $890,456 $2,127,127 $1,456,754 $1,500,000 $285,813 $5,369,694 2015 $1,565,550 $1,234,678 $2,802,243 $1,890,764 $1,500,000 $384,572 $6,577,579
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Answer rating: 100% (QA)
To calculate the Statement of Cash Flows well use the information from the given Balance Sheet and Income Statement The Statement of Cash Flows is div... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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