{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T11:00:09-04:00", "answer_date": "2024-05-26 11:00:09", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1735144", "url": "\/study-help\/questions\/the-2020-financial-statements-of-outdoor-waterworks-inc-follow-outdoor-1735144", "question_creation_date_js": "2024-05-26T11:00:09-04:00", "question_creation_date": "May 26, 2024 11:00 AM", "meta_title": "[Solved] The 2020 financial statements of Outdoor | SolutionInn", "meta_description": "Answer of - The 2020 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Income Statement For Year End | SolutionInn", "meta_keywords": "2020,financial,statements,outdoor,waterworks,inc,follow,income,statement,year,ended,december", "question_title_h1": " The 2020 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Income Statement For Year Ended December 31, 2020 Net sales. Cost of", "question_title": " The 2020 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks", "question_title_for_js_snippet": "The 2020 financial statements of Outdoor Waterworks Inc follow Outdoor Waterworks Inc Income Statement For Year Ended December 31, 2020 Net sales Cost of goods sold Inventory, Dec 31, 2019 Purchases Goods available for sale Inventory, Dec 31, 2020 Cost of goods sold Gross profit from sales Operating expenses Operating profit Interest expense Profit before taxes Income taxes Profit $1,036,000 $ 78,860 607,840 $ 686,700 60,090 626,610 $ 409,390 280,360 $ 129,030 12,100 $ 116,930 19,214 $ 97,716 Outdoor Waterworks Inc Balance Sheet December 31, 2020 Assets Cash $ 22,900 Current non strategic investments Accounts receivable, net 25,320 52,780 Notes receivable 11,260 Inventory 60,090 Prepaid expenses Plant and equipment, net 5,900 330,020 Total assets Liabilities and Equity $508,270 Pre", "question_description": "\"image", "transcribed_text": "The 2020 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Income Statement For Year Ended December 31, 2020 Net sales. Cost of goods sold: Inventory, Dec. 31, 2019. Purchases Goods available for sale Inventory, Dec. 31, 2020 Cost of goods sold Gross profit from sales Operating expenses Operating profit Interest expense Profit before taxes Income taxes Profit $1,036,000 $ 78,860 607,840 $ 686,700 60,090 626,610 $ 409,390 280,360 $ 129,030 12,100 $ 116,930 19,214 $ 97,716 Outdoor Waterworks Inc. Balance Sheet December 31, 2020 Assets Cash $ 22,900 Current non-strategic investments Accounts receivable, net 25,320 52,780 Notes receivable 11,260 Inventory 60,090 Prepaid expenses Plant and equipment, net 5,900 330,020 Total assets Liabilities and Equity $508,270 < Pre", "related_book": { "title": "Fundamental Accounting Principles Volume 2", "isbn": "1260881334, 9781260881332", "edition": "17th Canadian Edition", "authors": "Kermit D. Larson, Heidi Dieckmann, John Harris", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/646c78673497e_29876.jpg", "uri": "\/textbooks\/fundamental-accounting-principles-volume-2-17th-canadian-edition-9781260881332", "see_more_uri": "\/textbooks\/business-finance-financial-modeling-3441" }, "free_related_book": { "isbn": "1841769495", "uri": "\/textbooks\/modelling-the-sturmgesch-tz-iii-1st-edition-9781841769493-107176", "name": "Modelling The Sturmgesch\u00fctz III", "edition": "1st Edition" }, "question_posted": "2024-05-26 11:00:09", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/1-what-signal-is-produced-if-the-sampling-frequency-is-303067", "description": "1- What signal is produced if the sampling frequency is equal to Fm? 2- Find the range of the cutoff frequency funt for LPF required to reconstruct the original signal from the sampled one. 3- If the...", "stars": 0 }, { "url": "\/what-kind-of-futures-hedge-would-be-appropriate-in-each", "description": "What kind of futures hedge would be appropriate in each of the following situations?", "stars": 3 }, { "url": "\/study-help\/financial-accounting-information\/if-cash-is-increased-with-a-debit-why-does-the-1783708", "description": "If Cash is increased with a debit, why does the bank credit your account when you make a deposit? 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