Company is presented below. Please Prepare a statement of cash flows for the year ending December 3 2016 A Company Statement of Financial Position and Income Statement Data December 31, December 31, 2016 2015 Property, Plant, and Equipment Less: Accumulated Depreciation $1,122,000 (442,000) 680,000 $1,241,000 (476,000) 765.000 Current Assets: Inventory 391,000 340,000 Accounts Receivable 238,000 306,000 Cash 153.000 782,000 119,000 Total Current Assets 765.000 Total Assets $1,547,000 $1,445.000 Equity: Share Capital-Ordinary Retained Earnings Total Equity $510,000 $467,500 374.000 340,000 884,000 807.500

Company is presented below. Please Prepare a statement of cash flows for the year ending December 3 2016 A Company Statement of Financial Position and Income Statement Data December 31, December 31, 2016 2015 Property, Plant, and Equipment Less: Accumulated Depreciation $1,122,000 (442,000) 680,000 $1,241,000 (476,000) 765.000 Current Assets: Inventory 391,000 340,000 Accounts Receivable 238,000 306,000 Cash 153.000 782,000 119,000 Total Current Assets 765.000 Total Assets $1,547,000 $1,445.000 Equity: Share Capital-Ordinary Retained Earnings Total Equity $510,000 $467,500 374.000 340,000 884,000 807.500

Name: ADDITIONAL INFORMATION During the year A company sold equipment with a
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Description: ADDITIONAL INFORMATION During the year A company sold equipment with an original cost of 153000$ and accumulated depreciation of 119000$ and purchased new equipment for 272000. 1. Selected financial statement information and additional data for AComp

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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