Below are the most recent statements of financial position for Tabor Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount: (Negative answers should be Indicated by a minus sign. Omit "$" sign in your response.) TABOR INC. Statement of Financial Position December 31, 2021 2020 Assets Cash Accounts receivable Inventories Property, plant, and equipment Less: Accumulated depreciation Total assets Liabilities and Equity Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings Total liabilities and equity Item Cash Accounts receivable Inventories Property, plant, and equipment Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings $ 33,400 76,894 66,880 161,700 50,303 $288,571 $ 49,493 6,908 28,160 17,600 186,410 $288,571 Source/Use (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V 2021 $ 32,472 80,678 70,110 172,898 57,508 $298,650 $ 51,830 6,195 30,800 22,000 187,825 $298,650 Amount $ $ $ $ $ $ $ $ $
Below are the most recent statements of financial position for Tabor Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount: (Negative answers should be Indicated by a minus sign. Omit "$" sign in your response.) TABOR INC. Statement of Financial Position December 31, 2021 2020 Assets Cash Accounts receivable Inventories Property, plant, and equipment Less: Accumulated depreciation Total assets Liabilities and Equity Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings Total liabilities and equity Item Cash Accounts receivable Inventories Property, plant, and equipment Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings $ 33,400 76,894 66,880 161,700 50,303 $288,571 $ 49,493 6,908 28,160 17,600 186,410 $288,571 Source/Use (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V (Click to select) V 2021 $ 32,472 80,678 70,110 172,898 57,508 $298,650 $ 51,830 6,195 30,800 22,000 187,825 $298,650 Amount $ $ $ $ $ $ $ $ $
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...
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Question
![Below are the most recent statements of financial position for Tabor Inc. Excluding accumulated depreciation, determine whether each
item is a source or a use of cash, and the amount: (Negative answers should be Indicated by a minus sign. Omit "$" sign in your
response.)
Agrets
TABOR INC.
Statement of Financial Position December 31, 2021
Accounts receivable
Inventories
Property, plant, and equipment
Less: Accumulated depreciation
Total assets
Liabilities and Equity
Accounts payable
Accrued expenses
Long-term debt
Common stock
Accumulated retained earnings
Total liabilities and equity
Item
Accounts receivable
Inventories
Property, plant, and equipment
Accounts payable
Accrued expenses
Long-term debt
Common stock
Accumulated retained earnings
$ 33,400
76,894
66,880
161,700
50,303
$288,571
$ 49,493
6,908
28,160
17,600
186,418
$288,571
Source/Use
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select) V
2921
$ 32,472
80,678
70,110
172,898
57,508
$298,650
$ 51,830
6,195
30,800
22,000
187,825
$298,658
Amount
$
$
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Transcribed Image Text:Below are the most recent statements of financial position for Tabor Inc. Excluding accumulated depreciation, determine whether each
item is a source or a use of cash, and the amount: (Negative answers should be Indicated by a minus sign. Omit "$" sign in your
response.)
Agrets
TABOR INC.
Statement of Financial Position December 31, 2021
Accounts receivable
Inventories
Property, plant, and equipment
Less: Accumulated depreciation
Total assets
Liabilities and Equity
Accounts payable
Accrued expenses
Long-term debt
Common stock
Accumulated retained earnings
Total liabilities and equity
Item
Accounts receivable
Inventories
Property, plant, and equipment
Accounts payable
Accrued expenses
Long-term debt
Common stock
Accumulated retained earnings
$ 33,400
76,894
66,880
161,700
50,303
$288,571
$ 49,493
6,908
28,160
17,600
186,418
$288,571
Source/Use
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select) V
2921
$ 32,472
80,678
70,110
172,898
57,508
$298,650
$ 51,830
6,195
30,800
22,000
187,825
$298,658
Amount
$
$
ta ta ta ta ta ta ta
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