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QUESTION a. find cash flow to creditors: b. find cash flow to owners: c. find cash flow from assets: cash flow from assets = cash
QUESTION
a. find cash flow to creditors:
b. find cash flow to owners:
c. find cash flow from assets:
cash flow from assets = cash flow to creditors + cash flow to owners
P2-14 (similar to) Question Help Cash flow identity. Use the data from the following financial statements in the popup window, B. The company paid interest expense of $18,900 for 2017 and had an overall tax rate of 40% for 2017. Verify the cash flow identity: (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $142,000 Fixed costs $42,900 Selling, general, and administrative expenses $28,000 Depreciation $46,100 (Click on the following icon ASSETS Cash Accounts receivable in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES $16,000 Notes payable $28,100 Accounts payable $48,000 Long-term debt $368, 100 OWNERS' EQUITY $143,200 Retained earnings $81,800 Common stock $14,000 $19,000 $190,200 Inventories Fixed assets Accumulated depreciation Intangible assets $132,000 (Click on the following icon ASSETS Cash Accounts receivable in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES $25,900 Notes payable $19,000 Accounts payable $52,800 Long-term debt $448, 100 OWNERS' EQUITY Retained earnings $81,800 Common stock $12,200 $23,900 $161,900 Inventories Fixed assets Accumulated depreciation Intangible assets $182,000Step by Step Solution
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