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Cash flow identity. Use the data from the following financial statements in the popup window, LOADING... . The company paid interest expense of $ 17
Cash flow identity. Use the data from the following financial statements in the popup window, LOADING... . The company paid interest expense of $ 17 comma 300 for 2017 and had an overall tax rate of 40 % for 2017 . Verify the cash flow identity: cash flow from assets equals cash flow to creditors plus cash flow to owners The cash flow from assets is $nothing
i Data Table (Click on the following icon 2 in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,100 Cost of goods sold $141,800 Fixed costs $43,200 Selling, general, and administrative expenses $28,100 Depreciation $46,100 (Click on the following icon 2 in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,800 Notes payable Accounts receivable $27,900 Accounts payable Inventories $48,200 Long-term debt Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation $141,600 Retained earnings Intangible assets $82,100 Common stock $14,200 $19,000 $190,000 $132,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Print Done i Data Table TICK on me Tonowing icon 9 n order to copy its contents mo a spreausneet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,800 Notes payable Accounts receivable $27,900 Accounts payable Inventories $48,200 Long-term debt Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation $141,600 Retained earnings Intangible assets $82,100 Common stock $14,200 $19,000 $190,000 $132,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,200 Notes payable Accounts receivable $19,000 Accounts payable Inventories $52,900 Long-term debt Fixed assets $447,800 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,100 Common stock $11,900 $23,800 $162,100 $181,800 Print DoneStep by Step Solution
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