Aishti Company Income Statement For the Year Ended December 31, 2020 Aishti Company Balance Sheet For the Year Ended December 31, 2019 & 2020 2020 2019 Assets Cash Accounts Receivable Inventories Plant & Equipment Less: Acc Depreciation $2,415 S5,040 Revenues $94,500 $5.355 S6,195 $10,290 S10,080 $32,970 S22,575 ($15,960) (S9,135) $35,070 S34,755 Less: Depreciation expense $6,825 Less. Other operating expenses 74,550 Total Assets Less: Interest Expense 3,990 Liabilities & O/E Accounts Payable Income Tax Payable Long-Term Debt Common Stock Retained Earnings Total Liabilities and O/E $3,885 $5,775 $2,940 $1,260 $8,715 $9,555 $11.550 S14,175 Income before income taxes $9,135 Income tax expense $3,197 Net income $5,938 $8,820 $3,150 $35,070 534,755

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Aishti Company
Income Statement
For the Year Ended December 31, 2020
Aishti Company
Balance Sheet
For the Year Ended December 31, 2019 & 2020
2020
2019
Assets
Cash
Accounts Receivable
Inventories
Plant & Equipment
Less: Acc Depreciation
$2,415
$5,040
Revenues
$94,500
$5.355
S6,195
$10,290 $10,080
$32,970 S22,575
(S15,960) (S9,135)
$35,070 $34,755
Less: Depreciation exspense
$6,825
Less. Other operating expenses
74,550
Total Assets
Less: Interest Expense
3,990
Liabilities & O/E
Accounts Payable
Income Tax Payable
Long-Term Debt
Common Stock
Retained Earnings
Total Liabilities and O/E
$3,885
$5,775
$2,940
$1,260
$8,715
$9.555
$11.550 S14,175
Income before income taxes
$9,135
Income tax expense
$3,197
Net income
$5,938
$8,820
$3,150
S35,070 S34,755
Transcribed Image Text:Aishti Company Income Statement For the Year Ended December 31, 2020 Aishti Company Balance Sheet For the Year Ended December 31, 2019 & 2020 2020 2019 Assets Cash Accounts Receivable Inventories Plant & Equipment Less: Acc Depreciation $2,415 $5,040 Revenues $94,500 $5.355 S6,195 $10,290 $10,080 $32,970 S22,575 (S15,960) (S9,135) $35,070 $34,755 Less: Depreciation exspense $6,825 Less. Other operating expenses 74,550 Total Assets Less: Interest Expense 3,990 Liabilities & O/E Accounts Payable Income Tax Payable Long-Term Debt Common Stock Retained Earnings Total Liabilities and O/E $3,885 $5,775 $2,940 $1,260 $8,715 $9.555 $11.550 S14,175 Income before income taxes $9,135 Income tax expense $3,197 Net income $5,938 $8,820 $3,150 S35,070 S34,755
2. Using the indirect method of cash
flow statement, what is the net cash
provided by investing activities for
the year 2020? *
O A) Cash inflows of $9,823
O B) Cash outflows of $10,395
O C) Cash inflows of $10,395
O D) Cash outflows of $2,053
O E) None of the above.
Transcribed Image Text:2. Using the indirect method of cash flow statement, what is the net cash provided by investing activities for the year 2020? * O A) Cash inflows of $9,823 O B) Cash outflows of $10,395 O C) Cash inflows of $10,395 O D) Cash outflows of $2,053 O E) None of the above.
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