Preparing the Financial Statements Listed below are items reported on the financial statements of the Irvine Company
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Question:
Preparing the Financial Statements
Listed below are items reported on the financial statements of the Irvine Company as of June Year :
Cash flow provided by operating activities $
Cash at June Year
Cash at June Year
Inventory
Accounts receivable
Cash flow from investing activities
Other current assets
Property, plant and equipment
Other longterm assets
Cash flow from financing activities
Current liabilities
Longterm liabilities
Intangible assets
Common stock
Retained earnings
Required
Prepare a classified balance sheet as of June and statement of cash flows for the year.
NOTE: Use negative signs with your answers if shown in the above table as a negative number.
Balance Sheet
Statement of Cash Flows
IRVINE COMPANY
Balance Sheet
June
Assets Liabilities & Stockholders' Equity
Current Assets: Liabilities:
Answer
Cash
Answer
Answer
Current Liabilities
Answer
Answer
Accounts Receivable
Answer
Longterm Liabilities Answer
Inventory Answer
Answer
Retained Earnings
Answer
Total Liabilities Answer
Total Current Assets Answer
Stockholders' Equity
Longterm Assets: Answer
Other Current Assets
Answer
Answer
Other LongTerm Assets
Answer
Answer
Cash
Answer
Intangible Assets Answer
Total Stockholders' Equity Answer
Answer
Property, Plant and Equipment
Answer
Total Longterm Assets Answer
Total Assets Answer
Total Liabilities and Stockholders' Equity Answer
Expert Answer:
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