1. 12.

Sources and uses [LO 18.4] Below are the most recent statements of financial position for Jamberoo Jams. Excluding accumulated depreciation, determine whether each item is a source or a use of cash and the amount:

Jamberoo Jams Statement of financial position

Transcribed Image Text:

Assets Cash 2019 2020 $ 36 740 $ 35 719 Accounts receivable 84 583 88 746 Inventories 73 568 77 121 Property, plant and equipment 181 340 190 188 Less: Accumulated depreciation 55 300 60 381 Total assets Liabilities and equity Accounts payable $320 931 $331 393 $ 59 863 $ 61 350