Need help preparing a Statement of Cash Flows in good form Net Income 67000
Need help preparing a Statement of Cash Flows in good form Net Income 67000
Depreciation 25000
Purchased fixed assets paying cash 310000
Received $90,000 cash for issuance of notes payable 90000
Received $120,000 cash for issuance of common stock 120000
Paid $20,000 for purchase of treasury stock 20000
Ending cash balance 65000
Assets 2017 & 2016
Current assets:
Cash 65000 20000
Accounts receivable 75000 85000
Inventory 100000 80000
Long-term assets:
Plant assets 430000 120000
Accumulated depreciation 12000 9000
Total Assets 682000 314000
Liabilities 2017 & 2016
Current liabilities
Accounts payable 32000 20000
Accrued liabilities 86000 15000
Long-term liabilities
Notes payable 90000 0
Total liabilities 208000 35000
Stockholders equity
Common stock 220000 100000
Retained earnings 219000 179000
Treasury stock 20000 0
Total stockholders equity 459000 279000
Total stockholders equity and liabilities 667000 314000
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
