Bonita Industries has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Bonita Industries for 2022 and 2021 are provided below. Cash Accounts receivable Inventory Property, plant and equipment Less accumulated depreciation Accounts payable Income taxes payable Bonds payable Common stock Retained earnings BALANCE SHEETS $608000 (320000) 12/31/22 $408000 360000 382000 288000 $1438000 $ 177000 353000 360000 230000 318000 $1438000 $958000 (306000) 12/31/21 $194000 216000 479000 652000 $1541000 $96000 391000 600000 216000 238000 $1541000
Bonita Industries has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Bonita Industries for 2022 and 2021 are provided below. Cash Accounts receivable Inventory Property, plant and equipment Less accumulated depreciation Accounts payable Income taxes payable Bonds payable Common stock Retained earnings BALANCE SHEETS $608000 (320000) 12/31/22 $408000 360000 382000 288000 $1438000 $ 177000 353000 360000 230000 318000 $1438000 $958000 (306000) 12/31/21 $194000 216000 479000 652000 $1541000 $96000 391000 600000 216000 238000 $1541000
Chapter1: Financial Statements And Business Decisions
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