Assume you are the president of Nuclear Company. At the end of the first year of...
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Assume you are the president of Nuclear Company. At the end of the first year of operations (December 31), the following financial data for the company are available: Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $ 31,000 59,650 12,500 62,530 210 30,000 1,480 58,700 8,900 83,100 8,150 4-a. By how much did cash increase (decrease)? 4-b. Which financial statement would report the business activities responsible for this change in cash? Assume you are the president of Nuclear Company. At the end of the first year of operations (December 31), the following financial data for the company are available: Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $ 31,000 59,650 12,500 62,530 210 30,000 1,480 58,700 8,900 83,100 8,150 4-a. By how much did cash increase (decrease)? 4-b. Which financial statement would report the business activities responsible for this change in cash?
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4a To calculate the change in cash we need to find the difference between the cash at the end of the ... View the full answer
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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