Prepare the 2009 statement of cash flows for Smolira Golf Corp. SMOLIRA GOLF 2008 and 2009 Balance
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Prepare the 2009 statement of cash flows for Smolira Golf Corp.
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SMOLIRA GOLF 2008 and 2009 Balance Sheets Assets Liabilities and Owners' Equity 2008 2009 2008 2009 Current assets Current liabilities $21,860 22,050 Accounts payable 19,320 22,850 Cash Accounts 0,000 9,000 receivable 11,316 13,850 Notes payable 9.643 11,385 $ 38,963 $ 43,235 Inventory 56 260 5 60,50 Total Tota Long-term debt Owners' equity $ 75,000 $85,000 Common stock and 25,000 25,000 retained earnings 151.365 167.840 $176,365 $192,840 $290,328 $321,075 paid-in surplus Accumulated Fixed assets Net plant and equipment 234,068 260,525 Total Total liabilities and Total assets $290,328 $321,075 owners' equity SMOLIRA GOLF, Inc. 2009 Income Statement Sales S305,830 210,935 Cost of goods sold Earnings before interest and taxes Interest paid Taxable income Taxes (3596) Net income 68,045 11,930 $56,115 9,640 $ 36,475 Dividends $20,000 16,475 Retained earnings
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Given data SMOLIRA GOLF CORP 2009 Income statement Sales 305830 Cost of goods sold 210935 Depreciati...View the full answer
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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