223_Hwk_1_Solutions - HA 223 Fall 2006 Homework 1 M11. B D...

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HA 223 – Fall 2006 – Homework 1 M1–1. Element Financial Statement B (1) Expenses A. Balance sheet D (2) Cash flow from investing activities B. Income statement A (3) Assets C. Statement of retained earnings C* (4) Dividends D. Statement of cash flows B (5) Revenues D (6) Cash flow from operating activities A (7) Liabilities D (8) cash flow from financing activities *Dividends paid in cash are also subtracted in the Financing section of the Statement of Cash Flows E1–2. L (1) Accounts payable A (2) Accounts receivable A (3) Cash and cash equivalents E (4) Cost of products sold A (5) Property, plant and equipment E (6) Income taxes E (7) Interest expense A (8) Inventories A (9) Land E (10) Marketing, administrative, and other operating expenses L (11) Long-term debt R (12) Net sales L (13) Notes payable SE (14) Retained earnings L (15) Taxes payable
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E1–5. Req. 1 READ MORE STORE Balance Sheet At December 31, 2006 ASSETS LIABILITIES Cash $48,900 Accounts payable $7,000 Accounts receivable
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223_Hwk_1_Solutions - HA 223 Fall 2006 Homework 1 M11. B D...

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