Principles of Financial Accounting.
24th Edition
ISBN: 9781260158601
Author: Wild
Publisher: MCG
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Textbook Question
Chapter 16, Problem 14E
Complete the following spreadsheet in preparation of the statement of
- a. Net income for the year was $100,000.
- b. Dividends of $80,000 cash were declared and paid.
- c. The only noncash expense was $70,000 of depreciation.
- d. Purchased plant assets for $70,000 cash.
- e. Notes payable of $20,000 were issued for $20,000 cash.
- f. $70,000 increase in
accounts receivable . - g. $20,000 decrease in inventory.
- h. $10,000 decrease in accounts payable.
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Chapter 16 Solutions
Principles of Financial Accounting.
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