Increase (decrease) AMOUNT 2015 2014 PERCENT Assets Current Assets Cash & Cash Equivalent Held for Trading Trade & Other Receivables Inventory Total Current Assets 24,890 2,120 10,000 16,000 8,960 59,850 6,000 10,600 18,720 Non-Current Asset Property, Plant & Equipment Investment in Equity Securities 150,000 16,000 166,000 225,850 161,280 20,000 181,280 200,000 Total Non-Current Asset TOTAL ASSETS Liabilities and Shareholders’ Equity Current Liabilities Trade & Other Payables Unearned Revenues Notes Payable – current Total Current Liabilities Non – Current Liabilities Notes Payable – non-current Total Liabilities 8,400 10,600 3,350 11,650 900 600 19,900 15,600 73,550 100,000 93,450 115,600 Shareholders’ Equity Ordinary Shares, P100 par Premium on Ordinary Shares Total paid-in-capital 80,000 16,000 96,000 60,000 10,000 70,000 Retained Earnings Total Shareholders’ Equity TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY 36,400 132,400 14,400 84,400 225,850 200,000

Increase (decrease) AMOUNT 2015 2014 PERCENT Assets Current Assets Cash & Cash Equivalent Held for Trading Trade & Other Receivables Inventory Total Current Assets 24,890 2,120 10,000 16,000 8,960 59,850 6,000 10,600 18,720 Non-Current Asset Property, Plant & Equipment Investment in Equity Securities 150,000 16,000 166,000 225,850 161,280 20,000 181,280 200,000 Total Non-Current Asset TOTAL ASSETS Liabilities and Shareholders’ Equity Current Liabilities Trade & Other Payables Unearned Revenues Notes Payable – current Total Current Liabilities Non – Current Liabilities Notes Payable – non-current Total Liabilities 8,400 10,600 3,350 11,650 900 600 19,900 15,600 73,550 100,000 93,450 115,600 Shareholders’ Equity Ordinary Shares, P100 par Premium on Ordinary Shares Total paid-in-capital 80,000 16,000 96,000 60,000 10,000 70,000 Retained Earnings Total Shareholders’ Equity TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY 36,400 132,400 14,400 84,400 225,850 200,000

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.10E

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O A https://prod.reader-ui.prod.mheducation.com/epub/sn_710f1/data-uuid-be8dbaUcb8ea w -> Aa く > 三 P20-2 Cash flow statement under indirect method (L LO 20-1, L LO 20-2, LO 20-3, E LO 20-4) The Barden Corporation's comparative balance sheets for 20X1 and 20X0 are presented below. Barden Corporation Table Summary: Row 1 is a header and spans columns 2 and 3. Rows 3, 12, and 17 are subheaders and contain data only in column 1. Balance Sheets December 31, Increase (Decrease) Assets Cash $ 337,000 $246,000 Accounts receivable, net 420,000 280,000 140,000 Marketable securities 0000 -0- Inventories Land 650,000 250,000 Plant and equipment 1,160,000 1,266,000 (106,000) Less: Accumulated depreciation (200,000) Total assets $2,922,000 $2,432,000 $ 490,000 Liabilities and Stockholders' Equity Liabilities: Accounts payable 000 099 $ $ 500,000 $160,000 Accrued wages 520,000 Long-term bonds (due 7/1/20X8) 260,000 360,000 Total liabilities 1,460,000 1,380,000 80,000 Stockholders' equity: Common…
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