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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Here 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. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input all amounts as positive values): COUNTRY KETTLES, INC. Balance Sheet December 31, 2016 2015 2016 Assets Cash $ 30,700 $ 29,820 Accounts receivable 70,200 73,240 Inventories 61,100 63,250 Property, plant, and equipment 150,000 159,400 Less: Accumulated depreciation (46,160 ) (50,200 ) Total assets $ 265,840 $ 275,510 Liabilities and Equity Accounts payable $ 45,200 $ 47,320 Accrued expenses 6,580 5,860 Long-term debt 25,900 28,450 Common stock 19,000 23,300 Accumulated retained earnings 169,160 170,580 Total liabilities and equity $ 265,840 $ 275,510 Item Source/Use Amount Cash (Click to select)UseSource $ Accounts receivable (Click to select)Source Use $ Inventories (Click to select)SourceUse $ Property, plant, and equipment (Click to select)Use Source $ Accounts payable (Click to select)Source Use $ Accrued expenses (Click to select)Use Source $ Long-term debt (Click to select)Source Use $ Common stock (Click to select)Source Use $ Accumulated retained earnings (Click to select)Use Source $
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