Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help! Use the balance sheet and income statement on the following page to construct the statement of cash flows for year 2014. First, add

Please help!

Use the balance sheet and income statement on the following page to construct the statement of cash flows for year 2014. First, add another column to the balance sheet and turn it into a comparable balance sheet by calculating increase/decreases. Then construct a cash flow statement. SHOW ALL OF YOUR WORK!

image text in transcribed

Year 2013 2014 Income Statement Revenue Cost of Revenue Gross Profit Depreciation Expense Other Operating Expense Operating Income Interest Expense Pretax Income Income Tax Expense Net Income Dividends Paid 29740 31754 15579 16642 14161 15112 2437 2828 6639 7134 5085 5150 662 4442 4488 1493 1629 29492859 3603 643 Year Balance Sheet Current Assets Cash and marketable securities Accounts and Notes Receivable Inventories Other Current Assets Total Current Assets Long-Term Assets Gross Fixed Assets Accumulated Depreciation Net Fixed Assets Other Long-Term Assets Total Long-Term Assets Total Assets Current Liabilities Accruals Accounts Payable Short-Term Borrowings Other Short-Term Liabilities Total current liabilities Long-Term Borrowings Total Liabilities Equity Common Stock Retained Earnings and Other Equity Total Equity Total Liabilities and Equity 2013 2014 1902 2180 2696 2547 283 544 943 5554 5953 412 18549 20550 10154 11433 83959117 6606 6835 15001 15952 20555 21905 2541 2760 1208 1070 358 1256 1434 1444 5541 6530 20445 21919 25986 28449 4021 3652 9452 -10196 5431 -6544 20555 21905

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Smart

Authors: K. H. Spencer Pickett

1st Edition

0470682582, 978-0470682586

More Books

Students also viewed these Accounting questions

Question

3. How has e-commerce transformed marketing?

Answered: 1 week ago