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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1
2 Assets
3
4 Cash & Cash Equivalents
5 Accounts Receivable
6 Inventory
7
8 Property, Plant & Equipment
9 Less Accumulated Depreciation
10 Net PPE
11
12
13 Liabilities & Equity
14
15 Accounts Payable
16 Accrued Liabilities:
17 Income Tax
18
19 Bonds Payable
20
21
22 Common Stock
23 Retained Earnings
24
25
A
26
Current Assets:
Total Current Assets
$
Total Assets
Current Liabilities:
ble
Total Current Liabilities
Total Liabilities
Total Equity
Total Liabilities & Equity
B
Ending Balance
65 $
900
780
1,745
1,765
926
839
2,584
312
206
129
647
545
1,192
275
1,117
1,392
2,584
D
E
Beginning Balance
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
F
ܪܐ
G
H
I
K
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.
Transcribed Image Text:1 2 Assets 3 4 Cash & Cash Equivalents 5 Accounts Receivable 6 Inventory 7 8 Property, Plant & Equipment 9 Less Accumulated Depreciation 10 Net PPE 11 12 13 Liabilities & Equity 14 15 Accounts Payable 16 Accrued Liabilities: 17 Income Tax 18 19 Bonds Payable 20 21 22 Common Stock 23 Retained Earnings 24 25 A 26 Current Assets: Total Current Assets $ Total Assets Current Liabilities: ble Total Current Liabilities Total Liabilities Total Equity Total Liabilities & Equity B Ending Balance 65 $ 900 780 1,745 1,765 926 839 2,584 312 206 129 647 545 1,192 275 1,117 1,392 2,584 D E Beginning Balance 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 F ܪܐ G H I K 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.
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