The data selected for the comparative balance sheets of Kris Corporation for year 1 and year 2
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Question:
The data selected for the comparative balance sheets of Kris Corporation for year 1 and year 2 are as follows:
Year 1 | year 2 | |||||||
Assets | ||||||||
Money | ps | 100,000 | ps | (50,000) | ||||
Accounts receivable (net) | 50,000 | 100,000 | ||||||
Inventory | 100,000 | 250.000 | ||||||
Equipment (net) | 300.000 | 350.000 | ||||||
total assets | ps | 550.000 | ps | 650.000 | ||||
Commitments and equity | ||||||||
Accounts payable | ps | 150.000 | 100,000 | |||||
Income taxes payable | 80.000 | 30,000 | ||||||
Obligations with the public | 100,000 | 80.000 | ||||||
Common actions | 100,000 | 200,000 | ||||||
Retained earnings | 120,000 | 240.000 | ||||||
Total Liabilities and Equity | ps | 550.000 | ps | 650.000 | ||||
calculate The change in the balance of equipment that would be recorded in the statement of cash flows .
Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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