Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 21 Aug 2017 My Price 5.00

Country Kettles, Inc.

12.        Sources and Uses   Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash and the amount:

 

COUNTRY KET TLES, INC.

Balance Sheet December 31, 2011

2010

2011

Assets

 

 

Cash

$ 30,400

$ 29,520

Accounts receivable

69,904

73,344

Inventories

60,800

63,736

Property, plant, and equipment

147,000

157,180

Less: Accumulated depreciation

45,730

52,280

Total assets

$262,374

$271,500

Liabilities and Equity

 

 

Accounts payable

$ 44,994

$ 47,118

Accrued expenses

6,280

5,632

Long-term debt

25,600

28,000

Common stock

16,000

20,000

Accumulated retained earnings

$169,500

$170,750

Total liabilities and equity

$262,374

$271,500

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Aug 2017 02:08 PM My Price 5.00

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