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FIN/575 Balance Sheet and Cash Flow Statement

  • From Business, General Business
  • Due on 25 Nov, 2019 07:16:00
  • Asked On 22 Nov, 2019 06:17:27
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Assignment Steps 

Create a balance sheet by doing the following: 

  • Conduct an internet search or use a balance sheet from an assignment, or use an example of a balance sheet located in the textbook and locate a balance sheet.
  • Review and discuss in 350 words the assets, liabilities and stockholder’s equity items found on the balance sheet.
  • Create a balance sheet using the account names and balances below. Make assumptions about the dollar values of each account so that the balance sheet balances. Remember that assets will equal liabilities plus stockholders’ equity

Format assignment consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.

 

Cash                                                            32,800                       

 

Accounts Payable                                         49,000                       

 

Property and equipment                             98,000

 

Marketable Securities                                  3,000  

 

Common Stock                                             10,000

 

Prepaid Rent                                                1,000                          

 

Inventories                                                    39,800            

 

Accounts Receivable                                   300                                                     

 

Long Term Debt                                            99,500

 

Retained Earnings                                         11,950

 

Current Portion of Long Term Debt              4,450

 

Goodwill                                                         2,000

 

  • Accumulated Depreciation                               2,000

Format essay part of assignment consistent with APA guidelines. 

Submit your assignment.

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[Solved] FIN/575 Balance Sheet and Cash Flow Statement

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  • Submitted On 22 Nov, 2019 07:27:43
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Balance Sheet and Cash Flow Paper This balance sheet and cash flow paper will include a previous balance sheet from a prior assignment and provide a balance sheet create...
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[Solved] FIN/575 Balance Sheet and Cash Flow Statement

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  • Submitted On 23 Nov, 2019 09:51:41
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A Balance Sheet is more of a financial statement which presents a clear picture of a company’s financial situation at a certain point of time. It acts as a perfect guide for potential investors who wants to understand the business entirely by what it owns and owes. A balance sheet is broken down into three main parts, the assets section (what the company owns), liabilities (what the business owes various creditors), and the shareholders’ equity (the amount payable to shareholders after clearing all liabilities). A company’s main strength is reflected in the assets section, while its main weaknesses appear on the side of responsibility. Apple’s Company Balance sheet December 31, 2015 Assets Current assets Cash and cash equivalents $ 14,844 Short-term marketable securities 12,233 Accounts receivable 17,460 Inventories 2,111 Deferred tax assets 5,318 Total assets $ 51, 966 Long-term marketable securities 130,000 Goodwill 4,616 Other assets...
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[Solved] FIN/575 Balance Sheet and Cash Flow Statement

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  • Submitted On 24 Nov, 2019 02:13:12
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Balance Sheet and Cash Flow Statement Fin 575 Balance Sheet and Cash Flow Statement Tilman J. Fertitta said it correct when he said “Don’t ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers” ("Tilman J. Fertitta Quotes," n.d.). Each business has financial statements to keep track of money coming and going. The balance sheet allows a company to see how heathy a company is by comparing other period balance sheets. Assets are the resource of the company. Liabilities is the company’s obligations. Equity is the shareholders stake in the company. Assets, liabilities and equity make up a balance sheet. Balance Sheet Example Haven Balance Sheet June 25, 2018 Assets_______________________________ Liabilities________________________________________ Current Assets Cur...
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