Change |($60) Liabilities& Equity Assets 2013 2014 2013 2014 Change $170 $110 Accounts payable $135...

60.1K

Verified Solution

Question

Accounting

imageimage

imageimage

Change |($60) Liabilities& Equity Assets 2013 2014 2013 2014 Change $170 $110 Accounts payable $135 $120 ($15) Cash $200 Accounts rec Notes payable $200 500 700 1,200 1,400 ($240) Inventory 1,240 1,000 Total current liabilities 1,335 1520 2,620 Total current Long-term debt 1,910 1810 2,005 615 $1,500 Fixed assets 2,000 3,500 Common stock 100 200 100 Retained earnings 470 970 500 Total liab.& equity $5,310 $5,310 $3.910 $3,910 Total assets Income Statement 2014 $8,800.00 Sales ($5,600.00) ($900.00) Costs Depreciation $2,300.00 EBIT ($350.00) Interest Expense $1,950.00 ($760.50) T es Net Income $1,189.50 $689.50 Dividends $500.00 Change RE Cash flow from Operations for 2014 is Multiple Choice 2,314.5 2,114.5 19,14.5 None of above is correct 2 Use same information from the previous question, cash flo from investing for 2014 is_ Multiple Choice 01:02:23 -1,500 -2,000 None of above is correct Using the same information from question 1, cash flow from financing for 2014 is 3 Multiple Choice 01:01:31 915 715 25.5 None of this is correct Change |($60) Liabilities& Equity Assets 2013 2014 2013 2014 Change $170 $110 Accounts payable $135 $120 ($15) Cash $200 Accounts rec Notes payable $200 500 700 1,200 1,400 ($240) Inventory 1,240 1,000 Total current liabilities 1,335 1520 2,620 Total current Long-term debt 1,910 1810 2,005 615 $1,500 Fixed assets 2,000 3,500 Common stock 100 200 100 Retained earnings 470 970 500 Total liab.& equity $5,310 $5,310 $3.910 $3,910 Total assets Income Statement 2014 $8,800.00 Sales ($5,600.00) ($900.00) Costs Depreciation $2,300.00 EBIT ($350.00) Interest Expense $1,950.00 ($760.50) T es Net Income $1,189.50 $689.50 Dividends $500.00 Change RE Cash flow from Operations for 2014 is Multiple Choice 2,314.5 2,114.5 19,14.5 None of above is correct 2 Use same information from the previous question, cash flo from investing for 2014 is_ Multiple Choice 01:02:23 -1,500 -2,000 None of above is correct Using the same information from question 1, cash flow from financing for 2014 is 3 Multiple Choice 01:01:31 915 715 25.5 None of this is correct

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