Question
I need help with part (b). Homework Set 1. You must do the balance sheet questions related to Allied Foods below.Try to do the rest
I need help with part (b).
Homework Set 1.
You must do the balance sheet questions related to Allied Foods below.Try to do the rest on your own time for practice and review from last semester.
1. Use the following information for Allied Food:
20182017
Common Stock and other paid in capital614644
Cash and Marketable Securities16511716
Other Assets46706888
Sales35753
Debt Due for Repayment2742889
Accounts Receivables37253261
Cost of Goods Sold15762
Accounts Payables52715357
Inventories19261693
Selling, General, and Admin Expenses11357
Long Term Debt25502313
Deferred Income Taxes5281434
Other Current Assets18283784
Depreciation1406
Gross Plant, Property, and Equipment1905816646
Other Long term Liabilities46244323
Accumulated Retained Earnings2259118803
Accumulated Depreciation93717965
Interest Expense239
Taxes1347
Goodwill45944088
Other intangible Assets18491616
Addition to Retained Earnings3788
Other Current Liabilities13151160
Treasury Stock Buyback(7837)(5196)
Hint: Treasury stock buyback represents the amount Allied spent on buying back its shares.The money used to repurchase them goes out of the firm and reduces shareholder's equity.
(a)Compile an income statement and balance sheet for 2018.
(b)Show the impact of the following line items on the statement of cash flows for 2018.You should show the specific sub-statement, the amount, and the effect on the cash position.
i) Accounts Payables
ii) Other Long Term Liabilities
iii) Common Stock
iv) Dividends
v)Depreciation
vi) Gross plant property and equipment
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