Question
Using the following information from the Marvel family, prepare a balance sheet and cash flow statement and load your answer up to the blog site.
Using the following information from the Marvel family, prepare a balance sheet and cash flow statement and load your answer up to the blog site. Family home $700,000 Mortgage $250,000 Shares $20,000 Ford $30,000 Cash $2,000 Household furnishings $55,000 Bank loan $14,000 Per year: Mr Marvel wages $95,000, Mrs Marvel $70,000 Mortgage repayments $35,000 Dividends (fully franked) $500 Electricity $4,000 Food $15,000 Clothing $6,000 Petrol & Transport $6,000 Health $4,000 Income Tax ? need to see income tax tables here Travel $2,500 Insurances $5,000
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