The data selected for the comparative balance sheets of Kris Corporation for year 1 and year 2 are as follows:

		Year 1				year 2
Assets
Money		ps	100,000			ps	(50,000)
Accounts receivable (net)			50,000				100,000
Inventory			100,000				250.000
Equipment (net)			300.000				350.000
total assets		ps	550.000			ps	650.000
Commitments and equity
Accounts payable		ps	150.000				100,000
Income taxes payable			80.000				30,000
Obligations with the public			100,000				80.000
Common actions			100,000				200,000
Retained earnings			120,000				240.000
Total Liabilities and Equity		ps	550.000			ps	650.000

calculate The change in the balance of equipment that would be recorded in the statement of cash flows .

Answer rating: 100% (QA)

SOLUTION Change in equipment balance Ending bal... View the full answer