Summarized versions of Kelley Corporations financial statements follow for two recent years: Requirement 1. Complete Kelley Corporations
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Requirement
1. Complete Kelley Corporations financial statements by determining 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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A1 2015 2014 Income Statement in Thousands) Revenues k 14,600 Cost of goods sold Other expenses 8,050 1.230 1,180 2,870 7Income before income taxes 2,590 Income taxes (35%) Net income 10 Statement of Retained Earnings Beginning balance Net income Dividends declared Ending balance n2,690 96 70 15 Balance Sheet Assets 9,750 5,381 1Property, plant, and equipment 10,500 Other assets Total assets Liabilities Current liabilities Long-term debt Other liabilities 4,640 6,691 5,400 25 S 10,761 Total liabilities Common stock Other stockholders' equity. 6 Stockholders' equity: 325 225 28 Retained earnings Total stockholders, equity Total liabilities and stockholders' equity 32 Cash Flow Statement 34 36 x 1,050 Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities 350) (230) 601 (550) Increase (decrease) in cash Cash at beginning of year Cash at end of year.
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Thousands INCOME STATEMENT 2015 2014 Revenues 11870 k 14600 Cost of goods sold 8050 a 10550 Other ex...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
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