Cash Flow Balance Sheet Cash Accounts Receivable. Inventory CURRENT ASSETS Fixed Assets: Gross Accum. Depreciation Net. TOTAL ASSETS BISON INC. Liabilities Accounts Payable Salary Payable CURRENT LIABILITIES Long-Term Debt Total Liabilities Common Size Stockholder's Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Equity 2020 18,523 4,741 11,775 35,039 59,888 -22,200 37,688 72,727 1,856 2,051 3,907 8,620 12,527 2021 38,227 5,784 13,888 57,899 72,000 -26,854 45,146 103,045 1,350 1,500 2,850 10,200 13,050 15,000 25,000 45,200 64,994.872 60,200 89,994.872 72,727 103,044.872 Income Statement Revenue COGS Gross Profit Depreciation Expense Expenses EBIT Interest EBT BISON INC. Tax Net Income Dividends Add to R/E 2021 120,566 68,990 51,576 4,654 17,855 33,721 2,400 31,321 6,577.41 24,743.59 4,948.718 19,794.872

Cash Flow Balance Sheet Cash Accounts Receivable. Inventory CURRENT ASSETS Fixed Assets: Gross Accum. Depreciation Net. TOTAL ASSETS BISON INC. Liabilities Accounts Payable Salary Payable CURRENT LIABILITIES Long-Term Debt Total Liabilities Common Size Stockholder's Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Equity 2020 18,523 4,741 11,775 35,039 59,888 -22,200 37,688 72,727 1,856 2,051 3,907 8,620 12,527 2021 38,227 5,784 13,888 57,899 72,000 -26,854 45,146 103,045 1,350 1,500 2,850 10,200 13,050 15,000 25,000 45,200 64,994.872 60,200 89,994.872 72,727 103,044.872 Income Statement Revenue COGS Gross Profit Depreciation Expense Expenses EBIT Interest EBT BISON INC. Tax Net Income Dividends Add to R/E 2021 120,566 68,990 51,576 4,654 17,855 33,721 2,400 31,321 6,577.41 24,743.59 4,948.718 19,794.872

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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