Question
Use the following items for balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total
Use the following items for balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.
Balance Sheet and Cash Flows
Rent for the month$810
Monthly take-home salary$3,120
Cash in checking account900
Savings account balance2,820
Spending for food1,000
Balance of educational loan3,120
Current value of automobile8,000
Telephone bill paid for month115
Credit card balance235
Loan payment100
Auto insurance292
Household possessions3,810
Stereo equipment3,190
Payment for electricity96
Lunches/parking at work219
Donations106
Home computer2,190
Value of stock investment1,330
Clothing purchase200
Restaurant spending182
Requirements: Balance sheet and Cash flows
Total assets= ?
Total liabilities= ?
Net worth=?
Total cash inflows= ?
Total cash outflows= ?
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Financial Statement Fraud Prevention And Detection
Authors: Zabihollah Rezaee, Richard Riley
2nd Edition
0470543205, 9780470543207
