Chapter 11 Statement of cash flow example

Chapter 11 Statement of cash flow example - Statement of...

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Carter, Incorporated Balance Sheets 2005 2006 Cash $100,000 $270,000 A/R $ 20,000 $ 25,000 Inventory $ 60,000 $ 50,000 Land $ 40,000 $ 30,000 Equipment $ 90,000 $120,000 A/D ($ 80,000) ($110,000) Note payable $120,000 $110,000 Common Stock $200,000 $250,000 Additional Information: Net Income for 2006 was $125,000
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