The following balance sheet ( BS ) and income statement ( IS ) are available for Little
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Question:
The following balance sheet BS and income statement IS are available for Little Bit Inc.
Prepare a statement of cash flows CF for :
Balance Sheet December
Cash $ $
Accounts Receivable net $ $
Inventory $ $
Prepaid Expenses $ $
Total Current Assets $ $
Plant and Equipment $ $
Less accumulated depreciation $ $
Plant and Equipment net $ $
LongTerm Investments $ $
Total Assets $ $
Accounts Payable $ $
Accrued Liabilities $ $
Total Current Liabilities $ $
LongTerm Debt $ $
Deferred Taxes $ $
Total Liabilities $ $
Common Stock $ par and additional paidin capital $ $
Retained earnings $ $
Total Liabilities and Equity $ $
Income Statement for
Sales $
Cost of goods sold $
Gross Profit $
Selling and administrative $
Depreciation $
Total Operating Expenses $
Operating Profit $
Interest Expense $
Earnings before tax $
Tax Expense $
Net Income $
Related Book For
Posted Date: