FIN 324 IA Week 3 Answers

FIN 324 IA Week 3 Answers - 232680 E 2-32 Cash flow...

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Week 3 P E 2-14 Assets= Liabilities +Cap Stk +Ret Earn A 23000 11000 7500 4500 B 17500 9400 4500 3600 C 52000 14000 11000 27000 D 45000 29000 18000 -2000 Exercise 2-25 Taylorsville Construction Company Balance Sheet 31-Dec- 09 Assets Liabilities Current Assets Current Liabilities Cash 153600 A/P 74300 Accts Rec 113500 Supplies 4250 Total Current Assets 271350Tot Cur L 74300 Long Term Assets Long Term Liabilities Buildings 512000 Mortgage 423400 Land 90000 Owner's Equity Total Long Term Assets 602000 Beg Eq 314300 Net Inc 109450 Div -48100 End Owner's Equity 375650 Total Assets 873350 Total Liab and Equity 873350 E 2-27
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Pickard and Associates Income Statement For the Year Ending 12/31/2009 Revenue 476000 Expenses: Supplies 31500 Rent 12000 Utilities 2500 Misc 5100 Salaries 78000 Adv Exp 14500 Total Exp 143600 Net Income Before Tax 332400 Income Tax 99720 Net income after tax
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Unformatted text preview: 232680 E 2-32 Cash flow provided by operating activities: Customers 270000 Wages-82000 Utilities-3000 Adv-4000 Rent-36000 Taxes-67000 Total 78000 Cash flow provided by investing activities Sale of bldg 90000 Purch Land-106000 Total-16000 Cash flow provided by financing activities Inv by Owner 54000 Bank loan 60000 Loan Pay.-40000 Dividends-20000 Total 54000 Net increase in cash 116000 Beginning Cash Balance 386000 Ending Cash Balance 502000 E 2-29 Retained Earnings 2008 Assets 350000 Liabilities 80000 Cap Stk 210000 RE 60000 Retained Earnings 2009 Beginning RE 60000 Rev 230000 Exp-190000 Dividend-25000 75000 E 2-33 a Operating b Operating c Financing d Investing e Financing f Financing g Operation h Operations i Operations j Investing...
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FIN 324 IA Week 3 Answers - 232680 E 2-32 Cash flow...

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