Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts Receivable Inventory Current Assets Accum.Depreciation Net Fixed Assets Total Assets $5,268,485 $10,268,485 $2,574,230 $2,314,672 $529,062 $696,685 $8,371,777 $13,279,842 O $1,658,743 O $6,566,808 Long Term Debt $9,242,830 $11,468,302 Gross Fixed Assets $16,251,665 $20,567,330 Total Liabilities $11,949,932 $15,893,806 Less $7,460,897 $10,117,819 $8,790,768 $10,449,511 $17,162,545 $23,729,353 Calculate the net capital spending in 2022. O $4,315,665 O None of these options are correct O $4,908,065 2021 2022 Accounts Payable Notes Payable $1,033,110 $1,987,233 Current Liabilities Total Liabilities and Equity $1,673,992 $2,438,271 $2,707,102 $4,425,504 Common Stock ($0.50 par) $1,300,000 $1,600,000 Capital Surplus $1,148,120 $1,800,969 Retained $2,764,493 $4,434,578 Earnings $17,162,545 $23,729,353
Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts Receivable Inventory Current Assets Accum.Depreciation Net Fixed Assets Total Assets $5,268,485 $10,268,485 $2,574,230 $2,314,672 $529,062 $696,685 $8,371,777 $13,279,842 O $1,658,743 O $6,566,808 Long Term Debt $9,242,830 $11,468,302 Gross Fixed Assets $16,251,665 $20,567,330 Total Liabilities $11,949,932 $15,893,806 Less $7,460,897 $10,117,819 $8,790,768 $10,449,511 $17,162,545 $23,729,353 Calculate the net capital spending in 2022. O $4,315,665 O None of these options are correct O $4,908,065 2021 2022 Accounts Payable Notes Payable $1,033,110 $1,987,233 Current Liabilities Total Liabilities and Equity $1,673,992 $2,438,271 $2,707,102 $4,425,504 Common Stock ($0.50 par) $1,300,000 $1,600,000 Capital Surplus $1,148,120 $1,800,969 Retained $2,764,493 $4,434,578 Earnings $17,162,545 $23,729,353
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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vvk.2
Transcribed Image Text:Balance Sheet for Bearcat Hathaway, 2022
2021
2022
Cash
Accounts
Receivable
Inventory
Current Assets
Accum.Depreciation
Net Fixed Assets
Gross Fixed Assets $16,251,665 $20,567,330
Less
$7,460,897 $10,117,819
Total Assets
O $4,315,665
$5,268,485 $10,268,485
O $1,658,743
Accounts
Payable
$2,574,230 $2,314,672 Notes Payable $1,033,110 $1,987,233
Current
Liabilities
$529,062 $696,685
$8,371,777 $13,279,842
O $6,566,808
Calculate the net capital spending in 2022.
$8,790,768 $10,449,511
$17,162,545 $23,729,353
O None of these options are correct
O $4,908,065
2021
2022
Total Liabilities
and Equity
$1,673,992 $2,438,271
$2,707,102 $4,425,504
Long Term Debt $9,242,830 $11,468,302
Total Liabilities $11,949,932 $15,893,806
Common Stock
($0.50 par)
$1,300,000 $1,600,000
Capital Surplus $1,148,120 $1,800,969
Retained
$2,764,493 $4,434,578
Earnings
$17,162,545 $23,729,353
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