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question 8-16 the small sub numbers. i believe im on the right track mostly needing confirmation Exercise #2-4: 2. Total Liabilities and Equity were $
question 8-16 the small sub numbers. i believe im on the right track mostly needing confirmation
Exercise #2-4: 2. Total Liabilities and Equity were $ 76,000. Current Liabilities were $18,000; Paid-in Capital was $10,000; Retained Earnings were $11,000. Long Term Debt was 3700 $.........[6).... 3. Net fixed assets decreased by 500. The depr expense was 200. Cash Flow changed by soo -200 ...300...[7]. 4. A/R decreased by 400. Inventory increased by 300. A/P decreased by $700. 18,000 - OD NWC changed by $ ........[8]........... ... Cash Flow changed by $.400.[9].. CA 5. You Exercises #5-8: ABC Electronics, Inc. is a retail store that sells cameras. Specify the impact in dollars on income and cash flow. Make sure you sign correctly. Income CF ou +Hooo 5. We buy camera covers for $4,000 trade credit. ... [10)... ... [11]...... -you 6. We buy a fork lift for $4,000. ... (12)... ... [13]...... 2000 7. We take out a 5-year loan of $2000. ... [14)... ... [15]...... Soo tisu 8. Depreciation expense for the year is $1500. Intrest Dep exp? ... [16)... Exercises #9-10. Consider the following Tax Table. Income Tax rate 0 - 16,000 10% Step by Step Solution
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