Create a statement of cash flows for ABC Co. given the balance sheet and income statement...

Transcribed Image Text:

Create a statement of cash flows for ABC Co. given the balance sheet and income statement Account Cash Accounts Receivable Inventory Prepaid Rent PP & E Total Assets Accounts Payable Accrued Wages Stockholders Equity Total Liab & S.E. ABC Co. Balance Sheets 2000 Sales Cost of Goods Sold Gross Margin Rent Expense Wage Expense 1999 $130,000 460,000 700,000 50,000 800,000 Depreciation Expense Net Income $100,000 420,000 800,000 70,000 1,000,000 $2,390,000 $2,140,000 ABC Co.'s Income Statement 2000 $300,000 $360,000 175,000 120,000 1,915,000 1,660,000 $2,390,000 $2,140,000 $5,000,000 3,500,000 $1,500,000 $240,000 800,000 150,000 $310,000 Create a statement of cash flows for ABC Co. given the balance sheet and income statement Account Cash Accounts Receivable Inventory Prepaid Rent PP & E Total Assets Accounts Payable Accrued Wages Stockholders Equity Total Liab & S.E. ABC Co. Balance Sheets 2000 Sales Cost of Goods Sold Gross Margin Rent Expense Wage Expense 1999 $130,000 460,000 700,000 50,000 800,000 Depreciation Expense Net Income $100,000 420,000 800,000 70,000 1,000,000 $2,390,000 $2,140,000 ABC Co.'s Income Statement 2000 $300,000 $360,000 175,000 120,000 1,915,000 1,660,000 $2,390,000 $2,140,000 $5,000,000 3,500,000 $1,500,000 $240,000 800,000 150,000 $310,000

Answer rating: 100% (QA)

ABC Co Statement of Cash Fl ows Year Ended December 31 2000 Cash Fl ows From Operating ... View the full answer