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

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

Name: Aishti CompanyIncome StatementFor the Year Ended December 31, 2020Ais
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Description: Aishti CompanyIncome StatementFor the Year Ended December 31, 2020Aishti CompanyBalance SheetFor the Year Ended December 31, 2019 & 202020202019AssetsCashAccounts ReceivableInventoriesPlant & EquipmentLess: Acc Depreciation$2,415$5,040Revenues$94,50

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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Concept explainers

Depreciation Methods

The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.

Depreciation Accounting

In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.

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Question

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.

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