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  • Assignment 7

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    Usama17
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    ABC Inc. Income Statement For the year ended Dec 31, 2008 assets: cash accounts receivable net property, Plant and Equipment Liabilities: Notes Payable (short Term) Accounts Payable Accrued expenses payable Notes Payable (long Term) Capital Stock Retained Earnings 30,000 45,000 390,000 200,000 115,000 780,000 1,450,000 63,000 32,000 740,000 700,000 555,000 3,540,000 Dividends declared and paid during the year were $200,000.

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    ABC Inc. Income Statement For the year ended Dec 31, 2008 assets: cash accounts receivable net property, Plant and Equipment Liabilities: Notes Payable (short Term) Accounts Payable Accrued expenses payable Notes Payable (long Term) Capital Stock Retained Earnings 30,000 45,000 390,000 200,000 115,000 780,000 1,450,000 63,000 32,000 740,000 700,000 555,000 3,540,000 Dividends declared and paid during the year were $200,000.

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    Attribution Non-Commercial (BY-NC)
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    33 tayangan2 halaman

    Assignment 7

    Diunggah oleh

    Usama17
    ABC Inc. Income Statement For the year ended Dec 31, 2008 assets: cash accounts receivable net property, Plant and Equipment Liabilities: Notes Payable (short Term) Accounts Payable Accrued expenses payable Notes Payable (long Term) Capital Stock Retained Earnings 30,000 45,000 390,000 200,000 115,000 780,000 1,450,000 63,000 32,000 740,000 700,000 555,000 3,540,000 Dividends declared and paid during the year were $200,000.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai DOCX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 2

    Assignment 7 (Due on 16th May, 2011)

    Statement of Cash Flows


    Analysis of Financial Statements
    Spring 2011

    Question 1

    You have been provided with the following financial information relating to ABC Inc.

    ABC Inc.
    Income Statement
    For the year ended Dec 31, 2008

      2000 2001
    Assets: $ $ 
    80,0 37,0
    Cash 00 00
    100,0 850,0
    Accounts Receivable 00 00
    600,0 2,653,0
    Net Property, Plant & Equipment 00 00
    780,0 3,540,0
      00 00
    Liabilities:    
    1,450,0
    Notes Payable (Short Term) - 00
    30,0 63,0
    Accounts Payable 00 00
    45,0 32,0
    Accrued expenses payable 00 00
    390,0 740,0
    Notes Payable (Long Term) 00 00
    200,0 700,0
    Capital Stock 00 00
    115,0 555,0
    Retained Earnings 00 00
    780,0 3,540,0
      00 00
    Additional Information:

      $

    DEPRECIATION 15,000.00

    IMPAIRMENT 75,000.00

    DISPOSAL 230,000.00

    GAIN ON DISPOSAL OF EQUIPMENT 20,000.00

     Dividends declared and paid during the year were $200,000.

    Required:

    Calculate as many cash flows as in possible from the information presented above.

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