What is Los Pollos Hermanos change in cash? Put your answer as a negative number for cash
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What is Los Pollos Hermanos change in cash? Put your answer as a negative number for cash outflows and a positive number for cash inflows.
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Comparative Balance Sheets 12/31/2023 12/31/2024 Assets Current Assets: Cash and cash equivalents $130,000 $71,000 Accounts Receivable, net 380,000 369,000 418,000 858,000 Inventory 570,000 Total Current Assets 1,080,000 Land 257,500 320,000 Property & Equipment - at cost Less Accumulated depreciation 735,000 1,000,000 (425,000) (526,000) Net Property & Equipment 310,000 474,000 Total Assets $1,647,500 $1,652,000 Liabilities and Equity Current Liabilities: Accounts payable - trade $87,000 $109,000 $10,000 Wages Payable Interest Payable $8,000 20,000 19,000 Total Current Liabilities 115,000 138,000 Note Payable Bonds Payable 250,000 240,000 Total Liabilities 365,000 378,000 Common Stock 1,075,000 1,125,000 Retained Earnings 207,500 149,000 Total Liabilities and Stockholders' Equity $1,647,500 $1,652,000 OUESTION CONTINUESON FOLLOWWING PAGE Comparative Balance Sheets 12/31/2023 12/31/2024 Assets Current Assets: Cash and cash equivalents $130,000 $71,000 Accounts Receivable, net 380,000 369,000 418,000 858,000 Inventory 570,000 Total Current Assets 1,080,000 Land 257,500 320,000 Property & Equipment - at cost Less Accumulated depreciation 735,000 1,000,000 (425,000) (526,000) Net Property & Equipment 310,000 474,000 Total Assets $1,647,500 $1,652,000 Liabilities and Equity Current Liabilities: Accounts payable - trade $87,000 $109,000 $10,000 Wages Payable Interest Payable $8,000 20,000 19,000 Total Current Liabilities 115,000 138,000 Note Payable Bonds Payable 250,000 240,000 Total Liabilities 365,000 378,000 Common Stock 1,075,000 1,125,000 Retained Earnings 207,500 149,000 Total Liabilities and Stockholders' Equity $1,647,500 $1,652,000 OUESTION CONTINUESON FOLLOWWING PAGE
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cash Flow Statement Cash Flow from Operation activity Net Income 372000 Depre... View the full answer
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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