FUTURE VALUE OF A SINGLE AMOUNT
Present value $40,000 Interest rate, pct per year compounded annually 12% Number of years 9 Future value $110,923.15 Entry in Cell B5 is =FV(B3,B4,0,B2,0). The minus sign appears before B2 because the present valu
(Disclosures Required in Various Situations)
Ace Inc. produces electronic components for sale to manufacturers of radios, television sets, and
digital sound systems. In connection with her examination of Ace's financial statements for the
Statement of Cash Flows Paper
The purpose of the statement of cash flows is to show the companys cash receipts and cash
payments during a time period on the balance sheet.
PROBLEM 5-7 PARTS A & B
PARTS C & D
(Preparation of a Statement of Cash Flows and Balance Sheet)
Aero Inc. had the following balance sheet at December 31, 2013.
DECEMBER 31, 2013
Accounts payable $ 30,000