Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. simple balance sheet simple income statement direc

Simple Balance Sheet Simple Income Statement Direct Cash Flow Statement Indirect Cash Flow Statement ...

60.1K

Verified Solution

Question

Accounting

Simple Balance Sheet Simple Income Statement Direct Cash Flow Statement Indirect Cash Flow Statement
20192018201920192019
Cash 78,40050,000 Sales 240,000 Cash Flow From Sales Net Income
A/R 64,00056,000 COGS 140,000 Revenue Depreciation
Inventory 82,00076,000 Gross Profit 100,000\Delta in A/R \Delta in A/R
PP&E 272,000230,000\Delta in Inv.
Acc. Deprec. (100,000)(70,000) Depreciation 30,000 Cash Paid For COGS \Delta in A/P
Total Assets 396,400342,000 Oper. Expenses 46,000 COGS \Delta in Accruals
\Delta in Inv. CFFO 0
A/P 70,00054,000 Net Income 24,000\Delta in A/P
Accrued Payroll 2,4004,000 CapEx.
L/T Notes Payable 78,00090,000 CFFIA 0
Stock + APIC 172,000140,000 Other Info: Cash Paid For Expenses
Retained Earnings 74,00054,000 CapEx 42,000 Oper. Exp. Debt
Total Liab. & Equity 396,400342,000 L/T Note Paydown 12,000\Delta in Accruals Equity
Stock Issuance 32,000 Other? Dividends
Deprec. Exp. 30,000 CFFFA 0
Payroll Exp. 40,000
Tax Exp. 6,000 CFFO Net Change in Cash 0
CapEx
CFFIA
Debt
Equity

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