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Use the starting balance sheet and statement of cash flows to answer the question Nippon Technology Balance Sheet As of December 31, 2017 (amounts in thousands) Cash Accounts Receivable Inventory 137,000 Accounts Payable 20,000 36,000 9,000 65,000 72,000 245,000 317,000 382,000 32,000 Debt 51,000 Other Liabilities 227,000 Total Liabilities 73,000 Paid-In Capital 154,000 Retained Earnings Property Plant & Equipment, Gross Accumulated Depreciation Property Plant & Equipment, Net Other Assets Total Assets 8,000 Total Equity 382,000 Total Liabilities & Equity

Nippon Technology Statement of Cash Flows January 1 to March 31, 2018 (amounts in thousands) Net Income Depreciation Decrease (Increase) in Accounts Receivable Decrease (Increase) in Inventory Increase (Decrease) in Accounts Payable Other Adjustments 10,000 1,500 600 (500) 800 Net Cash Flow from Operating Activities 12,400 Purchase of Property, Plant, & Equipment Other Adjustments (7,300) (7,300) (400) (200) Net Cash Flow from Investing Activities Increase (Decrease) in Debt Dividends Other Adjustments Net Cash Flow from Financing Activities (600) Net Cash Flow 4,500 What is the value for Total Assets on March 31, 2018?

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Answer #1

Value for Total Assets on March 31, 2018 392,200 2017 Debit Credit 2018 $ 137,000 $ 141,500 31,400 51,500 234,300 74,500 159,800 8,000 392,200 Cash Accounts Receivable Inventory 4,500 $ 32,000 600 $51,000 $ 227,000 $ 500 Property Plant & Equipment (Gross ) 7,300 Accumulated Depreciation Property Plant & Equipment (Net) Other Assets Total Assets $73,000 154,000 8,000 $382,000 1,500 $ Explanation Net cash flow as per cash flow statement is $4500 positive, hence $4500 to be added to beginning cash balance to arrive endng balance Decrease in receivable as per cash flow statement means $600 decreased, hence $600 should be reduced from beginning balance Increase in inventory as per cash flow statement means $500 increased, hence $ 500 should be added to beginning balance Depreciation of $ 1500 should be added to accumulated depreciaton account to arrive ending balance From investment activities, the purchase of equipmentt of $7300 added to beginning balance of Property plant & equipment.

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