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An increase in assets is a use of cash while the increase in liability is a source of cash
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Balance Sheets 2016 2017 Assets Cash $ 32,200 $ 31,470 Accounts receivable 71,700 75,040 Inventories 62,600...
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether...
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount (Input all amounts as positive values): COUNTRY KETTLES, INC. Balance Sheet December 31 2013 2014 Assets Cash $ 31,600 $ 30,810 Accounts receivable 71,100 74,320 Inventories 62,000 64,375 Property, plant, and equipment 159,000 170,200 Less: Accumulated depreciation 46,880 51,100 Total assets $ 276,820 $ 288,605 Liabilities and Equity Accounts payable $...
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether...
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount (Input all amounts as positive values): 2017 COUNTRY KETTLES, INC. Balance Sheets 2016 Assets Cash $ 32,100 Accounts receivable 71,600 Inventories 62,500 Property, plant, and 164,000 equipment Less: Accumulated 47,280 depreciation $ 31,360 74,920 65,000 176,200 51,600 Total assets $282,920 $295,880 Liabilities and Equity Accounts payable Accrued expenses Long-term debt Common...
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether...
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount (Input all amounts as positive values): 2017 COUNTRY KETTLES, INC. Balance Sheets 2016 Assets Cash $ 31,800 Accounts receivable 71,300 Inventories 62,200 Property, plant, and 161,000 equipment Less: Accumulated 47,040 depreciation $ 31,030 74,560 64,625 172,600 51,300 Total assets $279,260 $ 291,515 Liabilities and Equity Accounts payable Accrued expenses Long-term debt...
Balance Sheet ASSETS: Cash and Marketable Securities: $75.00 Accounts Receivable: $100.00 Inventories: $200.00 TOTAL CURRENT ASSETS:...
Balance Sheet ASSETS: Cash and Marketable Securities: $75.00 Accounts Receivable: $100.00 Inventories: $200.00 TOTAL CURRENT ASSETS: $375.00 Gross Property, Plant and Equipment: (blank) less Accumulated Depreciation: $50.00 NET FIXED ASSETS: (blank) TOTAL ASSETS: (blank) LIABILITIES AND EQUITY: Accounts Payable: $75.00 Notes Payable: (blank) Accruals: $75.00 TOTAL CURRENT LIABILITIES: $300.00 Long Term Debt: $350.00 TOTAL LIABILITIES: $650.00 PREFERRED STOCK: (blank) Common Stock: $50.00 Accumulated Retained Earnings: $125.00 COMMON EQUITY: $175.00 TOTAL LIABILITIES AND EQUITY: $875.00 1. Consider the balance sheet above:...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and cash equivalents $ 204 $ 133 Accounts receivable 267 157 Inventories 131 264 Prepaid insurance 12 42 Total current assets 614 596 Long term assets: Property, plant, and equipment 245 260 Less accumulated depreciation - 140 - 125 Property, plant, and equipment, net 105 135 Total assets $ 719 $ 731 Current liabilities: Accounts payable $ 97 $ 83 Wages payable 20 17 Current...
Here are the most recent balance sheets fo r y Kettles, Inc. Excluding accumulated depreciation, determine...
Here are the most recent balance sheets fo r y Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input all amounts as positive values): 2019 COUNTRY KETTLES, INC. Balance Sheet 2018 Assets Cash $ 31,600 Accounts receivable 71,100 Inventories 62.000 Property, plant, and 159.000 equipment Less: Accumulated (46,880) depreciation $ 30,810 74,320...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and cash equivalents $ 204 $ 133 Accounts receivable 267 157 Inventories 131 264 Prepaid insurance 12 42 Total current assets 614 596 Long term assets: Property, plant, and equipment 245 260 Less accumulated depreciation - 140 - 125 Property, plant, and equipment, net 105 135 Total assets $ 719 $ 731 Current liabilities: Accounts payable $ 97 $ 83 Wages payable 20 17 Current...
OSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and...
OSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and cash equivalents $ 204 $ 133 Accounts receivable 267 157 Inventories 131 264 Prepaid insurance 12 42 Total current assets 614 596 Long term assets: Property, plant, and equipment 245 260 Less accumulated depreciation - 140 - 125 Property, plant, and equipment, net 105 135 Total assets $ 719 $ 731 Current liabilities: Accounts payable $ 97 $ 83 Wages payable 20 17 Current...
Wenco Balance Sheet as of December 31, 2016 & 2017 Assets: 2016 2017 Cash 2,000 5,120...
Wenco Balance Sheet as of December 31, 2016 & 2017 Assets: 2016 2017 Cash 2,000 5,120 Accounts receivable 10,000 11,000 Inventory 14,000 16,000 Total current assets 26,000 32,120 Property, plant and equipment 76,000 78,000 Accumulated depreciation (24,000) (30,000) Net property plant & equipment 52,000 48,000 Total assets $78,000 $80,120 Liabilities: Accounts payable 15,000 17,000 Salaries payable 1,000 0 Interest payable 0 0 Total current liabilities 16,000 17,000 Bonds payable 30,000 30,000 Total liabilities 46,000 47,000 Shareholders' Equity: Common stock 20,000...
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $15,000...
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $15,000 14,000 30,000 .28,000 $81,235 $72,000 47,000 $119,000 35,000 31,235 Total current assets Net plant and equipment Total assets 50,000 $131,235 Liabilities and Equity Accounts payable Accruals Notes payable $10,000 7,100 7,000 8,500 7,000 5,150 Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings 20,000 44,100 60,000 27,135 87,135 $131,235 $ 24,100 20,650 20,000 $40,650 60,000 18,350 $ 78,350 $119,000 Common...
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount (Input all amounts as positive values): 2017 COUNTRY KETTLES, INC. Balance Sheets 2016 Assets Cash $ 32,100 Accounts receivable 71,600 Inventories 62,500 Property, plant, and 164,000 equipment Less: Accumulated 47,280 depreciation $ 31,360 74,920 65,000 176,200 51,600 Total assets $282,920 $295,880 Liabilities and Equity Accounts payable Accrued expenses Long-term debt Common...
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount (Input all amounts as positive values): 2017 COUNTRY KETTLES, INC. Balance Sheets 2016 Assets Cash $ 31,800 Accounts receivable 71,300 Inventories 62,200 Property, plant, and 161,000 equipment Less: Accumulated 47,040 depreciation $ 31,030 74,560 64,625 172,600 51,300 Total assets $279,260 $ 291,515 Liabilities and Equity Accounts payable Accrued expenses Long-term debt...
Here are the most recent balance sheets fo r y Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input all amounts as positive values): 2019 COUNTRY KETTLES, INC. Balance Sheet 2018 Assets Cash $ 31,600 Accounts receivable 71,100 Inventories 62.000 Property, plant, and 159.000 equipment Less: Accumulated (46,880) depreciation $ 30,810 74,320...
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $15,000 14,000 30,000 .28,000 $81,235 $72,000 47,000 $119,000 35,000 31,235 Total current assets Net plant and equipment Total assets 50,000 $131,235 Liabilities and Equity Accounts payable Accruals Notes payable $10,000 7,100 7,000 8,500 7,000 5,150 Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings 20,000 44,100 60,000 27,135 87,135 $131,235 $ 24,100 20,650 20,000 $40,650 60,000 18,350 $ 78,350 $119,000 Common...
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