Cabrillo Inc_Comparative Balance Sheets_Dec_2009 (Autosaved)

Cabrillo Inc_Comparative Balance Sheets_Dec_2009...

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Cabrillo Inc. Comparative Balance Sheets December 31, 2009 Assets 12/31/2009 12/31/2008 $19,000 Cash $26,000 $19,000 Accounts Receivable $9,000 $12,000 $3,000 Inventory $16,000 $24,000 $8,000 Fixed Assets $45,000 $33,000 Less: Accumulated Depreciation $(17,000) $(14,000) $3,000 Total Assets $69,000 $74,000 Liabilities & Stockholders' Equity Accounts Payable $3,000 $15,000 $(12,000) Notes Payable $6,000 $18,000 Common Stock $31,000 $31,000 0 Retained Earnings $29,000 $10,000 Total Liabilities &
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Unformatted text preview: Stockholders' Equity $69,000 $74,000 MT-2: Change in cash = Net income + Change in depreciation - increase in A/R = $16,000 + 3,000 - 3,000 - $7,000 - 2,000 Cash inflows: From sale of goods or services. From interest and dividends received. Cash outflows: To suppliers for inventory. To employees for services. To government for taxes. To lenders for interest. To others for expenses. /R – increase in inventory – decrease in A/P...
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This note was uploaded on 08/12/2011 for the course ACCT 505 taught by Professor Doe during the Spring '11 term at Keller Graduate School of Management.

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Cabrillo Inc_Comparative Balance Sheets_Dec_2009...

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