Professional Documents
Culture Documents
Balance Sheet
Assets December 31,2012
Cash 375
Accounts Reciveable 450
Inventory 525
Land 600
Building: 900
Less Accumulated Depreciation -270
Equipment 2250
Less Accumulated Depreciation -480
Patent 1500
Total 5850
Liabilities
Accounts Payable 450
Accured Expense 225
Lease Liability-Land 0
Shareholder Equity
Common Stock 3000
Paid in Capital-ex of par 675
Retained Earnings 1500
Total 5850
Statement of Income
Revenue
Sales Revenue
Gain on Sale of Land
Expenses
Cost of Goods Sold
Depreciation Expense:Building
Depreciation Expense:Equipment
Loss on sale of equipment
Amoritization of Patent
Operating Expense
Net Income
METAGROBOLIZE INDUSTRIES
Statement of Cash Flows
For year ended December 31, 2013 ($ in 000s)
Investing Activities
Purchase of Equipment -900
Sale of Land 165
Sale of Equipment 15
Net Cash Flows -720
Finance Activities
Payment of Cash Dividends -450
Net Cash Flow -450
in 000's)
Changes
Debit Credit December 31,2013
225 600
150 600
375 900
150 75 675
900
30 -300
900 300 2850
270 315 -525
300 1200
6900
300 750
75 300
150 150
150 3150
75 750
225 975
450 1800
6900
2645 2645
90 90
600 600
30 30
315 315
15 15
300 300
500 500
975 975
2495
675
425
1395
900
165
15
-720
450
-450
225 225
8155 8155
NDUSTRIES
h Flows
1, 2013 ($ in 000s)
Cash flows from operating activities (direct
Mike method) derived from an income statement
Roe Computers
flows from operating activities (indirect method)
2013 ($ in millions)
C Salaries Expense $ 20
Salaries Payable $ 3
Cash (paid to employees) $ 17
D Interest Expense $ 6
Discount on Bonds Payable $ 3
Cash (paid for interest) $ 3
E Insurance Expense $ 12
Prepaid Insurance $ 2
Cash (paid for insurance) $ 10