Khalil_Nancy_4

Khalil_Nancy_4 - Camsung, Inc. Comparative Balance Sheet -...

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Camsung, Inc. Assignment 4 Comparative Balance Sheet - Information Given Comparative Balance Sheet Current Year Prior Year 12/31/2011 12/31/2010 Type of CF Activity: Assets: Difference Cash $73,000 $22,000 Accounts receivable (net) 82,000 66,000 Inventory 180,000 189,000 Land 71,000 110,000 260,000 200,000 Accumulated depreciation (PPE) (69,000) (42,000) Total Assets $597,000 $545,000 Liabilities and shareholder's equity: Accounts payable $34,000 $47,000 Notes payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 199,000 134,000 $597,000 $545,000 Additional Information: 1- Net Income for 2011 was $125,000. 2- Cash dividends of $60,000 were declared and paid. 3- Notes payable in the amount of $50,000 were retired through the issuance of common stock. Required: A- Using Excel prepare a Statement of Cash Flows for FYE 2011 for Camsung, Inc., using the Indirect Method. B- Set the margins so that when I print your assignment everything prints on one page.
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Khalil_Nancy_4 - Camsung, Inc. Comparative Balance Sheet -...

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