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Preparing Statement of Cash Flows

02/10/2020 Client: anasa Deadline: 10 Days

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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