7. At the end of 2021 , Beard Ine. had \$1 33 million in cash....

60.1K

Verified Solution

Question

Accounting

image
7. At the end of 2021 , Beard Ine. had \$1 33 million in cash. During 2022, the following events occurred: - Net Income of \$115 million 2 points - Accruals decreased by $1.5 million - Depreciation and amortization totaled \$3.45 million - A/R decreased by $5 million - Inventories increased by \$3.7 million. - A/P increased by $27 million - Beard repurchased $33 million of their common stock - Beard's long-term debt increased by $73 million - Beard purchased fixed assets totaling \$173 million How much cash did Beard Inc. have at the end of 2022

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students