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Balance sheet! Cold Cash Corp. - 2013 Cash Flow Statement & Balance Sheet Cold Cash's balance sheet at the end of 2012 included the following
Balance sheet!
Cold Cash Corp. - 2013 Cash Flow Statement & Balance Sheet Cold Cash's balance sheet at the end of 2012 included the following items: 160,000 100,000 145,000 44,000 200,000 40,000 120,000 90,000 -30,000 -11,000 40,000 449,000 Current assets Land Building Equipment Accum. Deprec. - Bld Accum. Deprec. - Equip Patents (net) Current liabilities LT Bonds payable Common stock Retained earnings Total Total 449,000 The following information is available for 2013: Net income for the year 80,000 2.Equipment was sold during the year: Original cost of equip Accum. Deprec. When sold Selling price 20,000 8,000 11,000 7,000 3.Patent amortization for the year 4.Depreciation expense for the year: On the building On the equipment 8,000 9,000 5.Current assets (other than cash) increased 6.Current liabilities increased 7.An addition to the building was completed, 62,000 5,000 at a cash cost of 41,000 8.LT investment in stock of the XYZ Corporation 36,000 70,000 33,000 21,000 purchased for cash 9.LT Bonds payable were issued for cash 10. Cash dividends declared and paid 11. Treasury stock* was purchased for cashStep by Step Solution
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