2 . Prepare Scan Technologies, Inc. 2 0 2 3 Statement of Cash Flows. ( Hint: the...
Question:
Prepare Scan Technologies, Inc. Statement of Cash Flows. Hint: the Net Change in Cash
should equal the difference in cash from to on the balance sheets. Note that cash
decreasedScan Technologies, Inc. Comparative Balance Sheets
in thousands of dollars
ASSETS
Cash
Marketable Securities
Accounts Receivable
Inventory
Gross Plant & Equipment
Accumulated Depreciation
TOTAL ASSETS:
LIABILITIES & EQUITY
Account Payable
Wages payable
Taxes Payable
Bank Loan
Mortgage yr
Debentures Bonds interest
LT Subordinated Debentures.
Common Stock $ par
Additional Paid in Capital
Retained Earnings
TOTAL LIABILITIES & EQUITY:
Scan Technologies, Inc. Income Statement
Net Sales
Cost of Goods Sold
Gross Profit Margin
Total Expenses
Earnings before interest & Taxes
Interest
Earnings before tax
Taxes
Earnings after tax NI
Determine the amount of dividends paid in and the depreciation expense. Hints: use the Stmt of Retained Earnings to solve for dividends; find the difference in Accumulated Depreciation to solve for depreciation
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.