Question 1 Find out CFFA in two different ways using EXCEL Here is the B/S and 1/S: •Current Accounts -2009: CA = 3625; CL = 1787 %3D -2008: CA = 3596; CL = 2140 %3D •Fixed Assets and Depreciation -2009: NFA = 2194; 2008: NFA = 2261 -Depreciation Expense = 500 %3! •Long-term Debt and Equity -2009: LTD = 538; Common stock & APIC = 462 -2008: LTD = 581; Common stock & APIC = 372 %3D

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Question 1
Find out CFFA in two different ways using EXCEL
Here is the B/S and 1/S:
"Current Accounts
-2009: CA = 3625; CL = 1787
%3D
-2008: CA = 3596; CL = 2140
•Fixed Assets and Depreciation
-2009: NFA = 2194; 2008: NFA = 2261
%3!
-Depreciation Expense = 500
•Long-term Debt and Equity
-2009: LTD = 538; Common stock & APIC = 462
-2008: LTD = 581; Common stock & APIC = 372
%3D
•Income Statement
-EBIT = 1014; Taxes = 368
-Interest Expense = 93; Dividends 285
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Transcribed Image Text:Question 1 Find out CFFA in two different ways using EXCEL Here is the B/S and 1/S: "Current Accounts -2009: CA = 3625; CL = 1787 %3D -2008: CA = 3596; CL = 2140 •Fixed Assets and Depreciation -2009: NFA = 2194; 2008: NFA = 2261 %3! -Depreciation Expense = 500 •Long-term Debt and Equity -2009: LTD = 538; Common stock & APIC = 462 -2008: LTD = 581; Common stock & APIC = 372 %3D •Income Statement -EBIT = 1014; Taxes = 368 -Interest Expense = 93; Dividends 285 Use the editor to format your answer
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