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    North Mountain Nurseru Inc

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    Sunil Kumar
    This document summarizes balance sheet and cash flow statement information for 2005 and 2006 for a company. The balance sheet shows the company had total current assets of $937,650 in 2005 and $995,600 in 2006, with equipment assets of $160,000 in 2005 and $190,000 in 2006. Total liabilities were $717,850 in 2005 and $719,500 in 2006, with owner's equity of $379,800 in 2005 and $466,100 in 2006. The cash flow statement shows the company had net income of $106,300, and a net cash flow decrease of $2,350 after accounting for equipment purchases and sales, borrowing and dividend payments.

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    North Mountain Nurseru Inc

    Uploaded by

    Sunil Kumar
    12 views3 pages
    This document summarizes balance sheet and cash flow statement information for 2005 and 2006 for a company. The balance sheet shows the company had total current assets of $937,650 in 2005 and $995,600 in 2006, with equipment assets of $160,000 in 2005 and $190,000 in 2006. Total liabilities were $717,850 in 2005 and $719,500 in 2006, with owner's equity of $379,800 in 2005 and $466,100 in 2006. The cash flow statement shows the company had net income of $106,300, and a net cash flow decrease of $2,350 after accounting for equipment purchases and sales, borrowing and dividend payments.

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    This document summarizes balance sheet and cash flow statement information for 2005 and 2006 for a company. The balance sheet shows the company had total current assets of $937,650 in 2005 and $995,600 in 2006, with equipment assets of $160,000 in 2005 and $190,000 in 2006. Total liabilities were $717,850 in 2005 and $719,500 in 2006, with owner's equity of $379,800 in 2005 and $466,100 in 2006. The cash flow statement shows the company had net income of $106,300, and a net cash flow decrease of $2,350 after accounting for equipment purchases and sales, borrowing and dividend payments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    12 views3 pages

    North Mountain Nurseru Inc

    Uploaded by

    Sunil Kumar
    This document summarizes balance sheet and cash flow statement information for 2005 and 2006 for a company. The balance sheet shows the company had total current assets of $937,650 in 2005 and $995,600 in 2006, with equipment assets of $160,000 in 2005 and $190,000 in 2006. Total liabilities were $717,850 in 2005 and $719,500 in 2006, with owner's equity of $379,800 in 2005 and $466,100 in 2006. The cash flow statement shows the company had net income of $106,300, and a net cash flow decrease of $2,350 after accounting for equipment purchases and sales, borrowing and dividend payments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    balance sheet

    2005
    current assets:
    cash
    AR
    Inventory
    Total Current Assets
    Equipments
    Total assets
    Current Liabilities:
    AP
    Utilities payable
    Salary and wages payable
    Income tax payable
    Total current liablilities
    Non Current liab.:
    Loan payable
    Total liablities
    Owner's Equity:
    Capital stock
    retaind earnings
    Total Liabi. And owner;s equity

    47950
    655000
    234700
    937650
    160000
    1097650
    510000
    19000
    9750
    7100
    545850
    172000
    717850
    240000
    139800
    1097650

    2006

    change

    45600
    700000
    250000
    995600
    190000
    1185600

    -2350
    45000
    15300
    57950
    30000
    87950

    530000
    18250
    10000
    7250
    565500

    20000
    -750
    250
    150
    19650

    154000
    719500

    -18000
    1650

    240000
    226100
    1185600

    0
    86300
    87950

    cash flow statement


    Net income
    Operating Activities:
    Deprciation
    account recieveable increase
    Inventory increase
    payable increase
    gain on sale of equipment
    total

    106300
    20000
    -45000
    -15300
    19650

    Investing Activities:
    Equipment purchase
    Equipment sale

    -75000
    25000

    Financing activities:
    dividends paid
    net borrowing

    -20000
    -18000

    Net cash flow

    -2350

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