Preparing statement of cash flows Assignment

Preparing statement of cash flows

NOTE : Use excel or word only. Provide all supporting calculations to show how you arrived at your numbers
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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