The 2012 comparative balance sheet and income statement of Appleton Group, Inc., follow. Appleton had no noncash
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Requirement
1. Prepare the spreadsheet for the 2012 statement of cash flows. Format cash flows from operating activities by the indirectmethod.
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APPLETON GROUP, INC. Comparative Balance Sheet December 31, 2012 and 2011 Increase 2012 2011 (Decrease) Current assets: $ 9,300 S 15,300 $ (6,000) Cash and cash cquivalents Accounts receivable 42,000 43,200 (1,200) 93,700 Inventories 97,100 3,400 Plant assets: Land 41,100 16,000 25,100 Equipment, net 101,200 94,300 6,900 $ 290,700 S 262,500 $ 28,200 Total assets Current liabilities: $ 25,600 S 26,600 $ (1,000) Accounts payable Accrued liabilities 24,000 22,800 1,200 Long-term liabilitics: Notes payable Stockholders' cquity: 46,000 62,000 (16,000) Common stock 140,300 131,400 8,900 Retained carnings 54,800 19,700 35,100 $ 290,700 $ 262,500 $ 28,200 Total liabilities and stockholders' cquity
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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