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Following is the data and financial information that you will need to answer the questions in the assignment and to ultimately prepare the Cash Flow Statement. Information for XYZ Co. Account Description 12/31/2017 12/31/2016 Assets Cash & Cash Equivalents 45.000 13,000 Accounts Receivable 91,000 88,000 Equipment 139,000 22,000 Accumulated Depreciation - Equipment (17,000) (11,000) Total Assets 258,000 112,000 Liabilities & Stockholders' Equity Accounts Payable 20,000 15,000 Bonds Payable 100,000 Common Stock 100,000 80,000 Retained Earnings 38,000 17,000 Total Liabilities & Stockholders' Equity 258,000 112,000 Additional Information (A) – Net income for 2017 was $44,000. (B) – New equipment was purchased in 2017 but none was sold. (C) - Cash dividends of $23,000 were declared and paid in 2017. (D) - $100,000 of equipment was acquired by the issuance of Bonds Payable. Following is the data and financial information that you will need to answer the questions in the assignment and to ultimately prepare the Cash Flow Statement. Information for XYZ Co. Account Description 12/31/2017 12/31/2016 Assets Cash & Cash Equivalents 45.000 13,000 Accounts Receivable 91,000 88,000 Equipment 139,000 22,000 Accumulated Depreciation - Equipment (17,000) (11,000) Total Assets 258,000 112,000 Liabilities & Stockholders' Equity Accounts Payable 20,000 15,000 Bonds Payable 100,000 Common Stock 100,000 80,000 Retained Earnings 38,000 17,000 Total Liabilities & Stockholders' Equity 258,000 112,000 Additional Information (A) – Net income for 2017 was $44,000. (B) – New equipment was purchased in 2017 but none was sold. (C) - Cash dividends of $23,000 were declared and paid in 2017. (D) - $100,000 of equipment was acquired by the issuance of Bonds Payable.
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XYZ Co Cash Flow Statement for the year ended December 31 2017 Particular Am... View the full answer
Related Book For
Managerial accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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