Total Liabilities and Net Worth 4.170.000 4.130.000 For year 2012 1. Compute Increase (Decrease) 2. Mark the Increase (Decrease). Answer choices A, B, C. A- to be listed in cash flows for or from operating activities B-to be listed in cash flows for or from investing activities C-to be listed in cash flows for or from financing activities Compute Increase (Decrease) A-Operating B - Investing C- Financing Cash Accounts Receivable Allowance for Bad Debts Merchandise Inventory Land Equipment Allowance for Depreciation Prepaid Expenses Total Assets Accounts Payable Elpidio, Capital Elpidio, Drawings Net Income Total Liabilities and Net Worth
Total Liabilities and Net Worth 4.170.000 4.130.000 For year 2012 1. Compute Increase (Decrease) 2. Mark the Increase (Decrease). Answer choices A, B, C. A- to be listed in cash flows for or from operating activities B-to be listed in cash flows for or from investing activities C-to be listed in cash flows for or from financing activities Compute Increase (Decrease) A-Operating B - Investing C- Financing Cash Accounts Receivable Allowance for Bad Debts Merchandise Inventory Land Equipment Allowance for Depreciation Prepaid Expenses Total Assets Accounts Payable Elpidio, Capital Elpidio, Drawings Net Income Total Liabilities and Net Worth
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:170.000
4.170.000
230.000
4.130.000
Net Income
Total Liabilities and Net Worth,
For year 2012
1. Compute Increase (Decrease)
2. Mark the Increase (Decrease). Answer choices A, B, C.
A-to be listed in cash flows for or from operating activities
B- to be listed in cash flows for or from investing activities
C- to be listed in cash flows for or from financing activities
Compute
A-Operating
B - Investing
C- Financing
Increase
(Decrease)
Cash
Accounts Receivable
Allowance for Bad Debts
Merchandise Inventory
Land
Equipment
Allowance for Depreciation
Prepaid Expenses
Total Assets
Accounts Payable
Elpidio, Capital
Elpidio, Drawings
Net Income
Total Liabilities and Net Worth
Transcribed Image Text:Real Company
Statement of Financial Position
As of December 31, 2012
(With comparative figures for 2011)
2012
2011
Compute
Increase
(Decrease)
Cash
Accounts Receivable
Allowance for Bad Debts
Merchandise Inventory
Land
160,000
430,000
340,000
390,000
(10.,000)
500,000
2,100,000
(15,000)
540,000
2,000,000
Equipment
Allowance for Depreciation
Prepaid Expenses
Total Assets
1.300,000
(380.000)
70,000
4.170.000
1,100,000
(300,000)
75,000
4.130.000
Accounts Payable
Elpidio. Capital
Elpidio. Drawings
2,150,000
2.100,000
2,080,000
2,000,000
(250.000)
(180,000)
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