Home / Questions / ] Please use the Balance Sheet to determine the difference 2] Using the indirect method t

] Please use the Balance Sheet to determine the difference 2] Using the indirect method t

] Please use the Balance Sheet to determine the difference

2] Using the indirect method to transfer the difference withnumbers to each activity (Do not use the other symbol, must number)please fill the correct numbers in all columns

3] Using the indirect method to create a new Statement of CashFlow, sum up each activity and provide the brief explanation.

4] Please provide the clear and readable calculation.

5] Company has net income $100,000.

BALANCE SHEET

For The Year Ended December 31, 2008 & 2009

 

2009

2008

Difference

Operating

Investing

Financing

Assets

 

 

 

 

 

 

   Current assets

 

 

 

 

 

 

Cash and cash equivalents

$         410.00

$         217.00

$     193.00

 

 

 

Accounts and other receivables

$         204.00

$         175.00

$       29.00

 

 

 

Merchandise inventories

$      1,902.00

$      2,464.00

$   (562.00)

 

 

 

Prepaid expenses and other current assets

$          81.00

$          51.00

$       30.00

 

 

 

   Total current assets

$      2,597.00

$      2,907.00

$   (310.00)

 

 

 

Non-current assets

 

 

 

 

 

 

Property and equipment

 

 

 

 

 

 

Real Estate, net

$      2,354.00

$      2,435.00

$     (81.00)

 

 

 

Other, net

$      1,872.00

$      1,777.00

$       95.00

 

 

 

   Total property and euqipment

$      4,226.00

$      4,212.00

$       14.00

 

 

 

Goodwill, net

$         347.00

$         356.00

$       (9.00)

 

 

 

Other assets

$         729.00

$         491.00

$     238.00

 

 

 

Total assets

$      7,899.00

$      7,966.00

$     (67.00)

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

   Current Liabilities

 

 

 

 

 

 

Short-term borrowings

$         156.00

$         134.00

$       22.00

 

 

 

Account payable

$      1,415.00

$      1,280.00

$     135.00

 

 

 

Accrued expenses and other current liabilities

$         696.00

$         680.00

$       16.00

 

 

 

Income taxes payable

$         224.00

$         231.00

$       (7.00)

 

 

 

    Total current liabilities

$      2,491.00

$      2,325.00

$     166.00

 

 

 

     Non-current liabilities

 

 

 

 

 

 

Long-term debt

$      1,222.00

$         851.00

$     371.00

 

 

 

Deferred income debt

$         333.00

$         219.00

$     114.00

 

 

 

Other liabilities

$         229.00

$         140.00

$       89.00

 

 

 

    Total non-current liabilities

$      1,784.00

$      1,210.00

$     574.00

 

 

 

Total liabilities

$      4,275.00

$      3,535.00

$     740.00

 

 

 

Stockholders' Equity

 

 

 

 

 

 

    Common stock

$          30.00

$          30.00

$           - 

 

 

 

    Additional paid-in capital

$         459.00

$         467.00

$       (8.00)

 

 

 

    Retained earnings

$      4,478.00

$      4,610.00

$   (132.00)

 

 

 

    Foreign Currency translation adjustments

$       (100.00)

$       (122.00)

$       22.00

 

 

 

Treasury shares, at cost

$    (1,243.00)

$       (557.00)

$   (686.00)

 

 

 

    Total stockholders' equity

$      3,624.00

$      4,428.00

$   (804.00)

 

 

 

 

 

 

 

 

 

 

Total liabilities and stockholders' equity

$      7,899.00

$      7,963.00

$     (64.00)

 

 

 

 

 

 

 

 

 

 

             

 

 

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