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Name: #1 - Take Home Problem - Acetg 202 - PFLopez The Company's balance sheet and narrative appear below: TAKE HOME PROBLEM. TO BE TURNED
Name: #1 - Take Home Problem - Acetg 202 - PFLopez The Company's balance sheet and narrative appear below: TAKE HOME PROBLEM. TO BE TURNED IN AT THE BEGINNING OF CLASS ON 04/06 Comparative Balance Sheet - Like Astets 12/312015 12/31/2015 Cash $ 122 $ 47 Accounts Receivable $ 35 $ 40 Inventory $ 84 $ 33 PPBE $ 480 $ 587 Accum Depr $ (345) $ (360) Total Assets $ 376 $ 347 Net Loss for the period was $30. The company sold equipment for $25 that was originally purchased for $30. The sold asset had accumulated depreciation of $10. The company paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock. Liabilities & Equity Accounts Payable Accrued Liabilities Income Tax Payable Bonds Payable Common Stock Retained Earnings Total Liabilities & Equity 30 $ 15 $ 21 $ 140 $ 120 L 376 $ 347 Required: . Construct, in good form, the company's Statement of Cash Flows for the period, using the indirect method. (15pts)
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