Preparing Statement of Cash Flows

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Preparing Statement of Cash Flows
 

   

Boscia Corporation's balance sheet appears below: Comparative Balance Sheet 

 

Ending Balance 


Beginning Balance 

 

Assets: 

 

Cash and cash equivalents ......................... 


$ 44 


$ 38 

 

Accounts receivable .................................. 


82 


69 

 

Inventory ................................................... 


71 


69 

 

Plant and equipment .................................. 


537 


500 

 

Accumulated depreciation ......................... 


( 240) 


( 201) 

 

Total assets ................................................ 


$494 


$475 

 

Liabilities and stockholders’ equity: 

 

Accounts payable ...................................... 


$ 70 


$ 60 

 

Wages payable ........................................... 


24 


21 

 

Taxes payable ............................................ 


19 


22 

 

Bonds payable ........................................... 


226 


300 

 

Deferred taxes ............................................ 


19 


18 

 

Common stock ........................................... 


22 


20 

 

Retained earnings ...................................... 


114 


34 

 

Total liabilities and stockholders’ equity .. 


$494 


$475 

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      statementofcashflow.xlsx