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cash flow to owners. use the data from the following financial statements in the popup window. the company paid interest expense of $18000 for 2017
cash flow to owners. use the data from the following financial statements in the popup window. the company paid interest expense of $18000 for 2017 and had an overall tax rate of 40% for 2017. find the cash flow to owners for 2017 by parts and total, with the parts being dividends paid and increases in borrwing from owners (change in common stock and paid-in surplus).
ving icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $140,000 Fixed costs $43,000 $28,000 Selling, general, and administrative expenses Depreciation $46,000 Partial Balance Sheet 12/31/2016 ASSETS Cash Accounts receivable LIABILITIES $16,000 Notes payable $28,000 Accounts payable $48,000 Long-term debt $368,000 OWNERS' EQUITY $142,000 Retained earnings $82,000 Common stock $14,000 $19,000 $190,000 Inventories Fixed assets Accumulated depreciation Intangible assets $130,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $19,000 Accounts payable Inventories $53,000 Long-term debt Fixed assets S448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,000 Common stock $12,000 $24,000 $162,000 $180,000 Step by Step Solution
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