Question
ABC company net income in 2015 = $76,000. Based on ABC balance sheet provided below, answer the following questions: ABC Company Balance sheet 2014 2015
| ABC Company Balance sheet | ||
2014 2015 | ||
Cash | 200,000 | 228,000 |
Account receivable | 13,000 | 15,000 |
Inventory | 14,000 | 12,000 |
Gross fixed assets | 170,000 | 160,000 |
Less: accumulated depreciation | 12,000 | 15,000 |
Net fixed assets | 158,000 | 145,000 |
Total assets | 385,000 | 400,000 |
Liabilities | ||
Account payable | 40,000 | 60,000 |
Accruals | 15,000 | 12,000 |
Long term debt | 150,000 | 60,000 |
Total liabilities | 205,000 | 132,000 |
Stockholder's equity | ||
Common stock at par | 30,000 | 40,000 |
Paid-in capital in excess of par | 50,000 | 60,000 |
Retained earnings | 100,000 | 168,000 |
Total liabilities and | ||
What is the company's depreciation expense in 2015?
Question 8
Question text
What is the company's cash flow provided by operating activities in 2015?
Question 9
Question text
What is the company's cash flow provided by investing activities in 2015?
Question 10
Question text
What is the company's cash flow provided by financing activities in 2015?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
812970224X, 9788129702241
