Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Create a statement of cashflow Company One Company Balance Sheets For the Fiscal Years Ending December 31, 1999 Cash 100 Accounts receivable 200 Inventories Current
Create a statement of cashflow
Company One Company Balance Sheets For the Fiscal Years Ending December 31, 1999 Cash 100 Accounts receivable 200 Inventories Current assets 600 Gross fixed assets 1,800 Less accumulated depreciation _600) Net fixed assets 1.200 Total assets 1,800 2000 120 160 730 2,170 (820) 1,350 2,080 100 Notes payable Accounts payable Accruals Current liabilities Long-term debt Common stock Additional paid in capital Retained camnings Total liabilites and equity 200 20 320 500 300 400 280 1,800 80 220 10 310 800 240 340 390 2,080 Company One Company Income Statement For the Fiscal Year January 1 through December 31, Sales Cost of goods sold Gross profit Operating expenses Depreciation Operating profit Interest expense Earnings before taxes Taxes Net income 2000 8,000 6,000 2,000 900 220 880 60 820 410 410 Dividends pard Addition to Retained earnings 300 110Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started