demirkaya_corporation_cash_flow(A)

Demirkaya_corporatio - DEMRKAYA CORPORATION1 Demirkaya Corporations 2008 income statement and its comparative balance sheets for and 2008 follow

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DEM İ RKAYA CORPORATION 1 Demirkaya Corporation’s 2008 income statement and its comparative balance sheets for December 31, 2007 and 2008, follow: Income Statement of Demirkaya Corporation For the year 2008 Service Revenue 2.000 -Cost of Services -1.250 Gross margin on services 750 -Expenses other than depreciation -200 -Depreciation expense -155 -Interest expense -45 Income before tax 350 -Tax -50 Net Income 300 Comparative Balance Sheets of Demirkaya Corporation As of December 31, 2007 and 2008 31.12.2007 31.12.2008 ASSETS Cash 100 300 Receivables 700 800 Equipment 2,200 3,100 - Accumulated depreciation -300 -455 Total of assets 2.700 3.745 LIABILITIES Bank loans 570 1.495 Accrued expenses 480 300 Tax payable 30 50 Total of liabilities 1.080 1.845 OWNER’S EQUITY Capital 1,400 1,400 Retained Earnings 220 500 Total of owner’s equity 1.620 1.900 Total of Liab. & Owner’s Eq.
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This note was uploaded on 06/03/2009 for the course FIN 5308 taught by Professor Mckenzie during the Spring '07 term at Youngstown State University.

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Demirkaya_corporatio - DEMRKAYA CORPORATION1 Demirkaya Corporations 2008 income statement and its comparative balance sheets for and 2008 follow

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