In 2010, the Moosonee Beer Company reported net income of $46,340, paid $20,000 in dividends, and incurred
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Prepare the 2010 cash flow statement for the Moosonee Beer Company.
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2010 2009 Current assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Land Buildings, net Furniture, net Equipment, net Total, property, plant, and equipment Intangible assets Patents Total assets 25,560 28,000 10,000 60,000 98,000 15,000 45,980 86,540 100,000 250,000 75,800 54,600 480,400 10,000 80,000 42,000 392.000 42,000 S608,940 490,000 Current liabilities Accounts payable Long-term liabilities Bonds payable Total liabilities Shareholders equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $ 22,600 30,000 120,000 142,600 120,000 150,000 400,000 66,340 466,340 $ 608,940 300,000 40,000 340,000 490,000
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Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
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