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20, 21, 22 solution please. 20. Net fixed assets and depreciation (L04] In the statement of financial position, net fixed assets (NFA) are obtained by
20, 21, 22 solution please.
20. Net fixed assets and depreciation (L04] In the statement of financial position, net fixed assets (NFA) are obtained by subtracting the accumulated depreciation costs (AD) from the total fixed assets (FA) recorded as purchase costs. Use the fact that NFA = FAAD to calculate capital expenditure in this chapter, show that the net fixed asset (NFA.com) net basic fixed asset (NFAbes) + depreciation ratio (D) is a total -ultra-fixed asset (FACM). Answer questions 21 and 22 with the following information on Taco Well, Inc. (assume that the tax rate is 21%). In 2017, Sales $18,498 2,484 Depreciation Cost of sales Other expenses Interest Cash Accounts recevable $16,549 2,376 5,690 1,353 1,110 8,676 11,488 1,674 29.060 72.770 6.269 20,424 1,979 Short term bills 6,731 1,178 1.325 9,247 13,482 1.641 35.229 77.610 6,640 21,862 2.314 Long-term det Net fixed assets Purchase debt stock Dividend 21. Financial statements (LOI) Prepare the company's income statement and financial position statement for 2017 and 2018 22. Calculation of Cash Flow (L04) Calculate cash flow from assets in 2018, cash flow to creditors, and cash flow to shareholdersStep by Step Solution
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