Use the indirect method to create a SCF and calculate FCF Net Income= 326 The...
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Accounting
Use the indirect method to create a SCF and calculate FCF
Net Income= 326
The company sold equipment that had an original cost of $64 and accumulated depreciation of $33
The company did not issue any new bonds during the year.
Ending Balance | Beginning Balance | |||
Assets | ||||
Current Assets: | ||||
Cash & Cash Equivalents | $ | 65 | $ | 133 |
Accounts Receivable | 900 | 822 | ||
Inventory | 780 | 714 | ||
Total Current Assets | 1,745 | 1,669 | ||
Property, Plant & Equipment | 1,765 | 1,718 | ||
Less Accumulated Depreciation | 926 | 729 | ||
Net PPE | 839 | 989 | ||
Total Assets | 2,584 | 2,658 | ||
Liabilities & Equity | ||||
Current Liabilities: | ||||
Accounts Payable | 312 | 186 | ||
Accrued Liabilities | 206 | 144 | ||
Income Tax Payable | 129 | 98 | ||
Total Current Liabilities | 647 | 428 | ||
Bonds Payable | 545 | 860 | ||
Total Liabilities | 1,192 | 1,288 | ||
Common Stock | 275 | 275 | ||
Retained Earnings | 1,117 | 1,095 | ||
Total Equity | 1,392 | 1,370 | ||
Total Liabilities & Equity | 2,584 | 2,658 |
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