Here are the most recent balance sheets for Country Kettles, Incorporated. Excluding accumulated depreciation, determine whether each item is a source or a use of cash and the amount. COUNTRY KETTLES, INCORPORATED Balance Sheet 2021 2022 Assets Cash $ 40,414 $ 39,291 Accounts receivable 93,041 97,621 Inventories 80,925 94,833 Property, plant, and equipment 199,474 209,207 Less: Accumulated depreciation 60,830 66,419 Total assets $ 353,024 $ 374,533 Liabilities and Equity Accounts payable $ 65,489 $ 67,855 Accrued expenses 8,359 7,497 Long-term debt 34,074 37,180 Common stock 21,000 25,300 Accumulated retained earnings 224,102 236,671 Total liabilities and equity $ 353,024 $ 374,533 Item Source/Use Amount Cash Accounts receivable Inventories Property, plant, and equipment Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings
Here are the most recent balance sheets for Country Kettles, Incorporated. Excluding accumulated depreciation, determine whether each item is a source or a use of cash and the amount. COUNTRY KETTLES, INCORPORATED Balance Sheet 2021 2022 Assets Cash $ 40,414 $ 39,291 Accounts receivable 93,041 97,621 Inventories 80,925 94,833 Property, plant, and equipment 199,474 209,207 Less: Accumulated depreciation 60,830 66,419 Total assets $ 353,024 $ 374,533 Liabilities and Equity Accounts payable $ 65,489 $ 67,855 Accrued expenses 8,359 7,497 Long-term debt 34,074 37,180 Common stock 21,000 25,300 Accumulated retained earnings 224,102 236,671 Total liabilities and equity $ 353,024 $ 374,533 Item Source/Use Amount Cash Accounts receivable Inventories Property, plant, and equipment Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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|
Here are the most recent balance sheets for Country Kettles, Incorporated. Excluding accumulated |
| COUNTRY KETTLES, INCORPORATED | ||
| 2021 | 2022 | |
|---|---|---|
| Assets | ||
| Cash | $ 40,414 | $ 39,291 |
| Accounts receivable | 93,041 | 97,621 |
| Inventories | 80,925 | 94,833 |
| Property, plant, and equipment | 199,474 | 209,207 |
| Less: Accumulated depreciation | 60,830 | 66,419 |
| Total assets | $ 353,024 | $ 374,533 |
| Liabilities and Equity | ||
| Accounts payable | $ 65,489 | $ 67,855 |
| Accrued expenses | 8,359 | 7,497 |
| Long-term debt | 34,074 | 37,180 |
| Common stock | 21,000 | 25,300 |
| 224,102 | 236,671 | |
| Total liabilities and equity | $ 353,024 | $ 374,533 |
|
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