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NASH CORP. BALANCE SHEET COMPARATIVE AS OF DECEMBER 31, 2025 AND 2024 Cash Investments Receivables Inventory Plant assets Accumulated depreciation Accounts payable Accrued liabilities Bonds payable Capital stock 2025 $810 0 330 2024 2,260 1,600 1,600 (600) $5,670 $4,965 820 $640 190 $790 $1,200 1,530 2,130 1,250 1,190 (435) 540 1.030 1.430 TE

NASH CORP. BALANCE SHEET COMPARATIVE AS OF DECEMBER 31, 2025 AND 2024 Cash Investments Receivables Inventory Plant assets Accumulated depreciation Accounts payable Accrued liabilities Bonds payable Capital stock 2025 $810 0 330 2024 2,260 1,600 1,600 (600) $5,670 $4,965 820 $640 190 $790 $1,200 1,530 2,130 1,250 1,190 (435) 540 1.030 1.430 TE

FINANCIAL ACCOUNTING
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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NASH CORP. BALANCE SHEET COMPARATIVE AS OF DECEMBER 31, 2025 AND 2024 Cash Investments Receivables Inventory Plant assets Accumulated depreciation Accounts payable Accrued liabilities Bonds payable Capital stock Retained earnings 2025 $810 0 2,260 1,600 1,600 330 820 2024 1.530 $640 2,200 190 (600) (435) $5,670 $4,965 2,130 $790 $1,200 1,250 1.190 540 1,030 1,430 765 $5,670 $4,965
Transcribed Image Text:NASH CORP. BALANCE SHEET COMPARATIVE AS OF DECEMBER 31, 2025 AND 2024 Cash Investments Receivables Inventory Plant assets Accumulated depreciation Accounts payable Accrued liabilities Bonds payable Capital stock Retained earnings 2025 $810 0 2,260 1,600 1,600 330 820 2024 1.530 $640 2,200 190 (600) (435) $5,670 $4,965 2,130 $790 $1,200 1,250 1.190 540 1,030 1,430 765 $5,670 $4,965
NASH CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2025 $15,100 Sales Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Loss on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business ALLIMITnal information: Additional information: 10,410 4,690 1.215 3.475 30 3.445 1,410 2,035 600 $1,435 During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in 2025. Prepare a statement of cash flows using the direct method. (Show amounts in the Investing and financing sections that decrease cash flow with either a-sign e.g.-15,000 or In parenthesis eg. (15,000))
Transcribed Image Text:NASH CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2025 $15,100 Sales Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Loss on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business ALLIMITnal information: Additional information: 10,410 4,690 1.215 3.475 30 3.445 1,410 2,035 600 $1,435 During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in 2025. Prepare a statement of cash flows using the direct method. (Show amounts in the Investing and financing sections that decrease cash flow with either a-sign e.g.-15,000 or In parenthesis eg. (15,000))
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