Using The Income Statement And Balance Sheets Of Niagara Company Below

Tutorial 6 answer cash flow analysis question 3 using the income statement and balance sheets of niagara company below prepare a statement of cash flows for the year ended december 31 year 9 using the direct method.

Using the income statement and balance sheets of niagara company below. Cost of goods sold 7 600 selling expense 2 800 general and administrative. The following trial balance is prepared after preparation of income statement for f. Creating balance sheets and income statements using the information in the below table prepare a classified balance sheet for arrow company as of december 31 2014 and december 31 2015 along with multi step income statements for the years then ended. Invested in the business.

If you want to download the balancesheet then choose annual return balance sheet eforms. Your company s assets will generally improve its income if managed well. Green as at 31 march 2015 in both horizontal and vertical style. The liabilities your company owes usually increase business expenses.

Niagara company income statement. Green as at 31 march 2015. Below are three common ways that your company s income statement and balance sheet might influence the other. Click the company cin blue colour link of the company you will get the below screen.

Niagara company income statement for year ended december 31 year 9 sales 1 000 cost of goods sold 650 depreciation. Presented below are the 2021 income statement and comparative balance sheets for santana industries 19 250 santana industries income statement for the year ended december 31 2021 in thousands sales revenue 15 050 service revenue 4 200 total revenue operating expenses. 1 answer to using the income statement and balance sheets of niagara company below prepare a statement of cash flows for the year ended december 31 year 9 using the direct method. Prepare balance sheet for f.

Preparation of balance sheet horizontal and vertical style. We invested 3 000 in the business so our checking account cash receives a debit and we credit an equity account called paid in capital. 50 60 using the income statement and balance sheets of niagara company below. Sample transactions debits and credits our six transactions shown below will be the input for our income statement and balance sheet.