Preparing the Financial Statements Listed below are items reported on the financ
ID: 2339875 • Letter: P
Question
Preparing the Financial Statements Listed below are items reported on the financial statements of the Manhattan Company as of June 30, 2013: Cash flow provided by operating activities 42,000 18,000 32,000 11,000 24,400 (30,600) 3,000 80,000 35,000 2,600 44,000 36,500 9,000 102,000 Cash at June 30, 2012 Cash at June 30, 2013 Inventory Accounts receivable Cash flow from investing activities Other current assets Property, plant and equipment Other long-term assets Cash flow from financing activities Current liabilities Long-term liabilities Intangible assets Common stock Retained earnings Required Prepare a classified balance sheet as of june 30, 2013, and statement of cash flows fof 2013 Use negative signs with your answers if shown above as a negative number MANHATTAN COMPANY Balance Sheet June 30,2013Explanation / Answer
MANHATTAN COMPANY Balance Sheet June 30, 2013 Assets Liabilities & Stockholders' Equity Current Assets: Liabilities: Cash 32000 Current liabilities 44000 Accounts receivable 24400 Long-term Liabilities 36500 Inventory 11000 Other current assets 3000 Total liabilities 80500 Total current assets 70400 Stockholders' Equity Long-term Assets: Common stock 102000 Property, plant and equipment 80000 Retained earnings (Balance amount) 21900 Intangible assets 19000 Total Stockholders' Equity 123900 Other long-term assets 35000 Total long-term assets 134000 Total assets 204400 Total liabilities and stockholders' Equity 204400 MANHATTAN COMPANY Statement of Cash Flows For the Year Ended June 30, 2013 Cash flow from Operating Activities 42000 Cash flow from Investing Activities -30600 Cash flow from Financing Activities 2600 Net increase (decrease) in cash 14000 Cash, beginning of year 18000 Cash, end of year 32000