Use the following income statement and balance sheet information to put together a statement of cash flows.
Question:
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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2013 Assets 2012 S25,000 $21,990 2013 Sales S1,230,000 Cash Accounts receivable Cost of goods sold Gross proft Gen'1 & admin expense S684,000 $125,000 $115,000 $200,000 $215,000 S546,000 Inventory $159,000 Total curent assets $134,000 equipment $350,000 $351,990 Selling & mkt Gross plant and expense $700,000 S475,000 ess: accum Depreciation Operating income Interest Income before taxes Income taxes (27%) Net income S25,000 deciation S228,000 $141,000 S313,000 $288,000 S387,000 S187,000 S737,000 S538,990 Net plant and equipment Total assets Liabilities Accounts payable Notes payable Total curent liabilities S87,000 $23,490 S63,510 S116,000 $103,000 S29,000 $29,000 $145,000 $132,000 S248,000 $152,000 S393,000 $284,000 Dividends paid $25,000 Long-te debt Total liabilities Common stock (S.01 par) Paid-in capital Retained earnings Total stockholders equity Total liabilities and equity S4,500 S4,000 $220,500 $170,500 S119.000 $80.490 S344,000 S254,990 $737,000 S538,990
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Related Book For
Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
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