AutoSave Off 50 G FINC615_IP1.pptx Search File Home Insert Draw Design Transitions Animations Slide Show Review View Help Paste New Slide Layout Reset Section AAAEE } BIUS ab AV Aav - A Clipboard F Slides Font Paragraph 1 2 Scenario.. 3 5 TYPES OF FINANCIAL STATEMENT -Fixed Balance Sheet Axxetx and liabilities 6 I Slide 3 of 11 [V Type here to search Click to add notes TYPES OF FINANCIAL STATEMENT S princess adeoye PA Share Comments Shape Fill Find Shape Outline Replace Arrange Quick Styles Dictate Shape Effects Select Design Ideas Drawing Editing Voice Designer Balance sheet Income statement Cash Flow Statement a d 61 Notes AutoSave Off 50 G FINC615_IP1.pptx Search File Home Insert Draw Design Transitions Animations Slide Show Review View Help Paste New Slide Layout Reset Section AAAEE } BIUS ab AV Aa - A x Clipboard F Slides Font Paragraph 1 2 Scenario.. 3 5 TYPES OF FINANCIAL STATEMENT - Balance Sheet Assets and liabilities 6 Slide 4 of 11 I [V Type here to search Click to add notes princess adeoye PA Share Comments Shape Fill Find Shape Outline Replace Arrange Quick Styles Dictate Shape Effects Select Design Ideas Drawing Editing Voice Designer Balance Sheet Apex Printing Balance Sheets As of December 31, 2013 and 2012 0005 0005 Assets 2013 2012 Cash 6,000 5,700 Accounts Receivable 2,350 2,300 Inventory 12.100 6,500 Total Current Assets 20.450 14,500 Land 25,000 20,000 Building & Equipment 300,000 300,000 Less: Accumulated Depreciation - Building & Equipment (187,850) (160,000) Total Long-Term Assets 137.150 160.000 Total Assets 157.600 174,500 Liabilities and Stockholders' Equity Accounts Payable 4,600 Salaries Payable 0 3,500 2,100 Interest Payable 1,500 0 Short Term Notes Payable 12,000 0 Taxes Payable 0 5,600 Total Current Liabilities 18.100 11,200 Mortgage Payable 54.950 100.000 Total Long-Term Liabilities 54.950 100.000 Common Stock 60,000 60,000 Retained Earnings 24.550 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 157,600 63.300 174.500 a 61 d Notes + 68% 6:11 PM AutoSave Off 50 G FINC615_IP1.pptx Search File Home Insert Draw Design Transitions Animations Slide Show Review View Help Paste New Slide Layout Reset Section AAAEE } BIUS ab AV Aa - A x Clipboard F Slides Font Paragraph 1 2 Scenario.. 3 5 6 TYPES OF FINANCIAL STATEMENT -C Balance Sheet Assets and liabilities Slide 5 of 11 [V Type here to search Click to add notes princess adeoye PA Share Comments Shape Fill Find Shape Outline Replace Arrange Quick Styles Dictate Shape Effects Select Design Ideas Drawing Editing Voice Designer Assets and liabilities Assets Current Asset Fixed Assets Liabilities Current liability Long term liability Owner's equity Notes + 68% 6:11 PM a d AutoSave Off 50 G FINC615_IP1.pptx Search File Home Insert Draw Design Transitions Animations Slide Show Review View Help Layout AAAEE } Paste New Slide Reset Section BIUS ab AV Aa - A x Slides Font Paragraph Clipboard 3 TYPES OF FINANCIAL STATEMENT 5 6 Balance Sheet Axxets and liabilities Cash Flow Slide 6 of 11 [V Type here to search Click to add notes princess adeoye PA Share Comments Shape Fill Find Shape Outline Replace Arrange Quick Styles Dictate Shape Effects Select Design Ideas Drawing Editing Voice Designer Income statement Apex Printing Income Statements For the Periods Ended December 31, 2013 and 2012 000$ 2013 Revenue: Less: Cost of Goods Sold 450,000 (324,300) 000$ 2012 475,000 (374,500) Less: Depreciation Expense (27,850) (26,000) Gross Margin 97,850 74,500 Selling, General & Administrative Expenses (29,100) (32,000) Income Before Interest & Taxes 68,750 42,500 Interest Expense Income Before Taxes Income Taxes Net Income (7,500) (6,000) 61,250 36,500 (35,000) (30,000) 26,250 6,500 a d 61 Notes AutoSave Off FINC615_IP1.pptx Search File Home Insert Draw Design Transitions Animations Slide Show Review View Help Paste New Slide Layout Reset Section AAAEE } BIUS ab AV Aa - A x Slides Font Paragraph Clipboard 5 Assets and liabilities 6 Income statement 8 Cash Flow State 10 Cash Flow Stat Concluxion.. Slide 8 of 11 [V Type here to search Click to add notes Apex Printing Statement of Cash Flows For the Period Ended December 31, 2013 princess adeoye PA Share Comments Shape Fill Find Shape Outline Replace Arrange Quick Dictate Styles Shape Effects Select Design Ideas Drawing Editing Voice Designer 000$ Cash Flows from Operating Activities: Net Income 26,250 Adjustments to reconcile net income to net cash provided by operating activities Depreciation Expense 27,850 Increase in accounts receivable (50) Increase in inventory (5,600) Decrease in salaries payable (2,100) Increase in interest payable 1,500 Decrease in taxes payable (5,600) Increase in Short Term notes Payabl 12,000 Increase in accounts payable 1,100 Net Cash Flow from Operating Activities 55,350 Cash Flows from Investing Activities: Cash paid to purchase land (5,000) Net Cash Flow from Investing Activities (5,000) Cash Flows From Financing Activities: Cash paid for mortgage Cash paid for dividends Net Cash Flow from Financing Activities Net Increase in Cash Plus: Cash Balance at December 31, 2012 Cash Balance at December 31, 2013 (45,050) (5,000) (50,050) 300 5,700 6,000 Notes a d 61 + 94% 6:12 PM 9/21/2021 22