Assets Cash & Cash Equivalents Accounts Receivable 5 Inventory 7 8 Property, Plant & Equipment 9 Less Accumulated Depreciation 10 Net PPE 11 12 13 Liabilities & Equity 14 Current Assets: Total Current Assets 15 Accounts Payable 16 Accrued Liabilities 24 25 26 17 Income Tax Payable 18 19 Bonds Payable 20 21 22 Common Stock 23 Retained Earnings S Total Assets Current Liabilities: Total Current Liabilities Total Liabilities Total Equity Total Liabilities & Equity Ending Balance 65 S 900 780 1,745 1,765 926 839 2,584 312 206 129 647 545 1.192 Beginning Balance 275 1,117 1,392 2,584 133. 822 714 1,669 1,718 729 989 2,658 186 144 98 428 860 1,288 275 1,095 1,370 2,658 Net Income $326 The company sold equipment that had an original cost of $64 and accumulated depreciation of $33. The cash proceeds from the sale were $33. The company did not issue any new bonds during the year. Use the indirect method to create a SCF and calculate FCF.

Assets Cash & Cash Equivalents Accounts Receivable 5 Inventory 7 8 Property, Plant & Equipment 9 Less Accumulated Depreciation 10 Net PPE 11 12 13 Liabilities & Equity 14 Current Assets: Total Current Assets 15 Accounts Payable 16 Accrued Liabilities 24 25 26 17 Income Tax Payable 18 19 Bonds Payable 20 21 22 Common Stock 23 Retained Earnings S Total Assets Current Liabilities: Total Current Liabilities Total Liabilities Total Equity Total Liabilities & Equity Ending Balance 65 S 900 780 1,745 1,765 926 839 2,584 312 206 129 647 545 1.192 Beginning Balance 275 1,117 1,392 2,584 133. 822 714 1,669 1,718 729 989 2,658 186 144 98 428 860 1,288 275 1,095 1,370 2,658 Net Income $326 The company sold equipment that had an original cost of $64 and accumulated depreciation of $33. The cash proceeds from the sale were $33. The company did not issue any new bonds during the year. Use the indirect method to create a SCF and calculate FCF.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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