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Balance sheet as of end of 2005 Balance sheet as of end of 2006 Cash $5 Current Liab $5 Cash $10 Current Liab $5 A/R
| Balance sheet as of end of 2005 | Balance sheet as of end of 2006 | ||||
| Cash $5 | Current Liab $5 | Cash $10 | Current Liab $5 | ||
| A/R $5 | Long Term Debt $15 | A/R $5 | Long Term Debt $25 | ||
| Common Stock $20 | Common Stock $15 | ||||
| PP&E $40 | R/E $10 | PP&E $40 | R/E $10 | ||
| Assets $50 | Total $50 | Assets $55 | Total $55 | ||
| Income statement for 2006 | |||||
| Sales | $100 | ||||
| Costs | 85 | ||||
| Depreciation | 5 | ||||
| Interest | 5 | ||||
| Net Income | $5 | ||||
| Dividends = $5; R/E=$0 | |||||
What is cash flow to stockholders?
| $10 | ||
| -$15 | ||
| $15 | ||
| $0 | ||
| $5 |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
