2. Comparative Balance Sheet Ending Beginning Balance Balance Assets.docx - 2 Comparative Balance Sheet Ending Beginning Balance Balance Assets Current

2. Comparative Balance Sheet Ending Beginning Balance Balance Assets.docx

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2. Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents 33,000 $26,300 Accounts receivable 19,000 22,000 62,000 59,000 Inventory Prepaid expenses 12,400 10,200 126,400 117,500 Total current assets Property, plant, and equipment 398,000 378,000 199,000 170,100 207,900 Less accumulated depreciation 199,000 Net property, plant, and equipment $325,400 $325,400 Total assets Liabilities and stockholders' equity: Current liabilities: $ 16,200 Accounts payable $11,000 Accrued liabilities 54,000 58,000 Income taxes payable 72,000 74,000 Total current liabilities 142,200 143,000 Bonds payable 82,000 77,000 224,200 220,000 Total liabilities Stockholders' equity Common stock 32,000 28,000 Retained earnings 69,200 77,400 Total stockholders' equity 101,200 105,400 $325,400 $325,400 Total liabilities and stockholders' equity The company's net income (loss) for the year was $(4,100) and its cash dividends were $4,100. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities The company's net cash provided by (used in) operating activities is:
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  • Fall '17
  • Bob Maxwell

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