Create a partial common size balance sheet below: Common-Size Balance Sheet 2014
ID: 2639608 • Letter: C
Question
Create a partial common size balance sheet below:
Common-Size Balance Sheet
2014
Percentage
2013
Percentage
Assets
Cash
800
1,600
Accounts Receivable
6,194
5,666
Inventory
6,254
5,838
Fixed Assets (Land, Building, etc)
28,380
25,214
Accumulated Depreciation
-6,950
-6,176
Total Assets
34,678
32,142
If a current asset goes up from year to year, it will be recorded on the statement of cash flows?
a. As an increase in cash from operations
b. As an increase in cash from investing
c. As a decrease in cash from operations
d. As a decrease in cash from investing
Which of the following is a non-cash expense that must be added back to net income when completing the cash flows from operating activities using the indirect method?
a. Land
b. Depreciation
c. Dividends
d. Long term debt
Common-Size Balance Sheet
2014
Percentage
2013
Percentage
Assets
Cash
800
1,600
Accounts Receivable
6,194
5,666
Inventory
6,254
5,838
Fixed Assets (Land, Building, etc)
28,380
25,214
Accumulated Depreciation
-6,950
-6,176
Total Assets
34,678
32,142
Explanation / Answer
Answer
If a current asset goes up from year to year, it will be recorded on the statement of cash flows:-
As an increase in cash from investing
a non-cash expense that must be added back to net income is:-
Depreciation
Balance sheet of the question is not in correct format so kindly post in correct format.
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