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Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Home entertainment system Lunches/parking at work Computers Clothing purchase Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows $ 650 450 345 7,800 235 230 2,350 180 1,500 110 Monthly take-home salary. Savings account balance Balance of educational loan Telephone bill paid for month. Loan payment Household possessions Payment for electricity Donations Value of stock investment Restaurant spending $ 1,950 1,890 2,160 65 80 3,400 90 70 860 130

Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Home entertainment system Lunches/parking at work Computers Clothing purchase Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows $ 650 450 345 7,800 235 230 2,350 180 1,500 110 Monthly take-home salary. Savings account balance Balance of educational loan Telephone bill paid for month. Loan payment Household possessions Payment for electricity Donations Value of stock investment Restaurant spending $ 1,950 1,890 2,160 65 80 3,400 90 70 860 130

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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Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Home entertainment system Lunches/parking at work Computers Clothing purchase Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows Monthly take-home salary Savings account balance Balance of educational loan Telephone bill paid for month Loan payment Household possessions Payment for electricity Donations 1,500 Value of stock investment 110 Restaurant spending $ 650 450 345 7,800 235 230 2,350 180 $ 1,950 1,890 2,160 65 80 3,400 90 70 860 130
Transcribed Image Text:Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Home entertainment system Lunches/parking at work Computers Clothing purchase Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows Monthly take-home salary Savings account balance Balance of educational loan Telephone bill paid for month Loan payment Household possessions Payment for electricity Donations 1,500 Value of stock investment 110 Restaurant spending $ 650 450 345 7,800 235 230 2,350 180 $ 1,950 1,890 2,160 65 80 3,400 90 70 860 130
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