CashAccounts receivableInventoriesAccounts payableBondsTable 2Bird Industries, Inc.LandOther fixed assetsAccumulated depreciationTotal assetsCommon stockRetained earningsTotal debt and equityBalance Sheets1995$1,0005,0006,50010,0008,000(1,000)$29,500$3,2004,00017,0005,300$29,500Bird Industries, Inc.Income StatementSalesCost of goods soldGross profitOperating expensesDepreciationEBITInterest expenseEBTTaxesNet Income1996$?6,0006,00012,0009,000(1,600)$?$ 6,8004,00016,0005,000$?$84,00066,400$17,600(13,000)(600)$4,000(500)$3,500(1,500)$2,000Based on the information contained in Table 2, what was Bird Industries' cash balance as ofDecember 31, 1996?

Name: CashAccounts receivableInventoriesAccounts payableBondsTable 2Bird In
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Description: CashAccounts receivableInventoriesAccounts payableBondsTable 2Bird Industries, Inc.LandOther fixed assetsAccumulated depreciationTotal assetsCommon stockRetained earningsTotal debt and equityBalance Sheets1995$1,0005,0006,50010,0008,000(1,000)$29,50

Cash balance means the amount of cash that an entity has in hand. It is a current asset for the…

Business

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Cash Accounts receivable Inventories Land Other fixed assets Accumulated depreciation Total assets Accounts payable Bonds Table 2 Bird Industries, Inc. Balance Sheets 1995 $1,000 5,000 6,500 10,000 8,000 (1,000) $29,500 $3,200 4,000 17,000 5,300 $29,500 Common stock Retained earnings Total debt and equity Sales Cost of goods sold Gross profit Operating expenses Depreciation Bird Industries, Inc. Income Statement EBIT Interest expense EBT Taxes. Net Income ⠀ 1996 $? 6,000 6,000 12,000 9,000 (1,600) $? $ 6,800 4,000 16,000 5,000 $? $84,000 66,400 $17,600 (13,000) (600) $4,000 (500) $3,500 (1,500) $2,000 Based on the information contained in Table 2, what was Bird Industries' cash balance as of December 31, 1996?

Cash Accounts receivable Inventories Land Other fixed assets Accumulated depreciation Total assets Accounts payable Bonds Table 2 Bird Industries, Inc. Balance Sheets 1995 $1,000 5,000 6,500 10,000 8,000 (1,000) $29,500 $3,200 4,000 17,000 5,300 $29,500 Common stock Retained earnings Total debt and equity Sales Cost of goods sold Gross profit Operating expenses Depreciation Bird Industries, Inc. Income Statement EBIT Interest expense EBT Taxes. Net Income ⠀ 1996 $? 6,000 6,000 12,000 9,000 (1,600) $? $ 6,800 4,000 16,000 5,000 $? $84,000 66,400 $17,600 (13,000) (600) $4,000 (500) $3,500 (1,500) $2,000 Based on the information contained in Table 2, what was Bird Industries' cash balance as of December 31, 1996?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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66. Subject :- Accounting
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