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NOTE : Use excel or word only. Provide all supporting calculations to show how you arrived at your numbers
Preparing Statement of Cash Flows
Boscia Corporation's balance sheet appears below: Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Cash and cash equivalents .........................
$ 44
$ 38
Accounts receivable ..................................
82
69
Inventory ...................................................
71
69
Plant and equipment ..................................
537
500
Accumulated depreciation .........................
( 240)
( 201)
Total assets ................................................
$494
$475
Liabilities and stockholders’ equity:
Accounts payable ......................................
$ 70
$ 60
Wages payable ...........................................
24
21
Taxes payable ............................................
19
22
Bonds payable ...........................................
226
300
Deferred taxes ............................................
19
18
Common stock ...........................................
22
20
Retained earnings ......................................
114
34
Total liabilities and stockholders’ equity ..
$494
$475
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