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Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2014 #14(precentage) 9,279 2.67 23,683 6.81 42,636 12.26 75,598 21.75 272,047 78.25 347,645 100 41,060 11.81 16,157 4.65 57,217 16.46 40,000 11.51 50,000 14.38 200,428 57.65 250,428 72.04 347,645 100 2015 #15(precentage) change Base year 11,173 2.93 0.26 1.2041168 25,760 6.75 -0.07 1.0877 46,915 12.29 0.02 1.1003612 83,848 21.96 0.21 1.1091299 297,967 78.04 -0.21 1.0952777 381,815 100 0.00 1.0982899 43,805 11.47 -0.34 1.0668534 16,843 4.41 -0.24 1.0424584 60,648 15.88 -0.57 1.0599647 35,000 9.17 -2.34 0.875 50,000 13.10 -1.29 236,167 61.85 4.20 1.1783134 286,167 74.95 2.91 1.1427117 381,815 100 0.00 1.0982899

Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2014 #14(precentage) 9,279 2.67 23,683 6.81 42,636 12.26 75,598 21.75 272,047 78.25 347,645 100 41,060 11.81 16,157 4.65 57,217 16.46 40,000 11.51 50,000 14.38 200,428 57.65 250,428 72.04 347,645 100 2015 #15(precentage) change Base year 11,173 2.93 0.26 1.2041168 25,760 6.75 -0.07 1.0877 46,915 12.29 0.02 1.1003612 83,848 21.96 0.21 1.1091299 297,967 78.04 -0.21 1.0952777 381,815 100 0.00 1.0982899 43,805 11.47 -0.34 1.0668534 16,843 4.41 -0.24 1.0424584 60,648 15.88 -0.57 1.0599647 35,000 9.17 -2.34 0.875 50,000 13.10 -1.29 236,167 61.85 4.20 1.1783134 286,167 74.95 2.91 1.1427117 381,815 100 0.00 1.0982899

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Solve this question with steps please. The subject is financial management. A. For each account balance sheet, show the change in the account during 2015 and note whether this change was a source or use of cash?
Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings. Total Total liabilities and owners' equity 2014 #14(precentage) 9,279 2.67 23,683 6.81 42,636 12.26 75,598 21.75 272,047 78.25 347,645 100 41.060 11.81 16.157 4.65 57,217 16.46 40,000 11.51 50,000 14.38 200,428 57.65 250,428 72.04 347,645 100 2015 #15(precentage) change Base year 11,173 2.93 0.26 1.2041168 25,760 6.75 -0.07 1.0877 46,915 12.29 0.02 1.1003612 83,848 21.96 0.21 1.1091299 297.967 -0.21 1.0952777 78.04 100 381,815 0.00 1.0982899 43,805 11.47 -0.34 1.0668534 16,843 4.41 -0.24 1.0424584 60,648 15.88 -0.57 1.0599647 35,000 9.17 -2.34 0.875 50,000 13.10 -1.29 236,167 61.85 4.20 1.1783134 286,167 74.95 2.91 1,1427117 381,815 100 0.00 1.0982899
Transcribed Image Text:Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings. Total Total liabilities and owners' equity 2014 #14(precentage) 9,279 2.67 23,683 6.81 42,636 12.26 75,598 21.75 272,047 78.25 347,645 100 41.060 11.81 16.157 4.65 57,217 16.46 40,000 11.51 50,000 14.38 200,428 57.65 250,428 72.04 347,645 100 2015 #15(precentage) change Base year 11,173 2.93 0.26 1.2041168 25,760 6.75 -0.07 1.0877 46,915 12.29 0.02 1.1003612 83,848 21.96 0.21 1.1091299 297.967 -0.21 1.0952777 78.04 100 381,815 0.00 1.0982899 43,805 11.47 -0.34 1.0668534 16,843 4.41 -0.24 1.0424584 60,648 15.88 -0.57 1.0599647 35,000 9.17 -2.34 0.875 50,000 13.10 -1.29 236,167 61.85 4.20 1.1783134 286,167 74.95 2.91 1,1427117 381,815 100 0.00 1.0982899
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