Financial_Statement_Quiz_2 - Additional Capital 4,990,000...

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FINANCE 300 QUIZ With the information given below, construct Boodroo Inc.’s Balance Sheet, Income Statement and Retained Earnings Statement for 2008. December 31, 2008 Cash $ ? Notes Payable 500,000 Sales 10,000,000 Accounts Receivable 850,000 Accounts Payable 1,200,000 Long-term Debt 18,000,000 Common Stock (10,000 shares) 10,000
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Unformatted text preview: Additional Capital 4,990,000 Retained Earnings (2007) 5,050,000 Gross Fixed Assets 32,350,000 Cost of Goods Sold 4,000,000 Other Operating Expenses 1,450,000 Inventory 1,980,000 Interest Expense 2,500,000 Tax Rate 50% Depreciation Expense 50,000 Accumulated Depreciation 6,050,000 Dividends 5,000...
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This note was uploaded on 05/19/2010 for the course FNAN 300 taught by Professor Boudreaux during the Spring '10 term at University of Louisiana at Lafayette.

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