Preparing statement of cash flows

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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