Summarized versions of Cora Corporations financial statements are given for two recent years. Requirement 1. Determine the
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Requirement
1. Determine the missing amounts denoted by theletters.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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2010 2009 Income Statement Revenues Cost of goods sold. Other expense Income before income taxes Income taxes (35% tax rate) (In Thousands) $15,750 11,030 1,220 1,580 1,170 1,830 641 Statement of Retained Earnings Beginning balance. S n 2,660 120) Dividends Ending balance.. Balance Sheet Assets: Property, plant, and equipment. Other as:s 1,725 10,184 $13,239 1,600 Total assets Liabilities: Current liabilities Notes payable and long-term deb. Other liabilities 4,350 50 S 5,650 3,380 Total liabilities 9,350 $ 250 140 Stockholders' Equity Common stock Retained earnings Other stockholders' equity 250 160 4,139 Total stockholders' equity Total liabilities and stockholders' equity. Cash Flow Statement Net cash provided by operating activities............ $ 950 (300) Net cash used in investing activiti Net cash used in financing activities (230) 560) (90) Increase (decrease) in cash Cash at beginning of year 1,220 Cash at end of year
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2010 2009 Thousands INCOME STATEMENT Income revenues 13830 k 15750 Cost of goods sold 11030 a 12750 ...View the full answer
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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