Required information [The following information applies to the questions displayed below.] Cougar Plastics Company has been operating for three years. At December 31, 2014, the accounting records reflected the following: Cash $ 23,000 Accounts payable 19,000 $ Investments (short-term) 3,500 4,000 Accrued liabilities payable Notes payable (short- term) Accounts receivable 4,800 5,300 47,000 Inventory 26,000 Notes payable (long-term) 10,700 Notes receivable (long- term) 2,000 Common stock 96,300 Equipment 53,000 Additional paid-in capital 43,300 Factory building 108,000 Retained earnings Intangibles 4,300 During the year 2015, the company had the following summarized activities:
Required information [The following information applies to the questions displayed below.] Cougar Plastics Company has been operating for three years. At December 31, 2014, the accounting records reflected the following: Cash $ 23,000 Accounts payable 19,000 $ Investments (short-term) 3,500 4,000 Accrued liabilities payable Notes payable (short- term) Accounts receivable 4,800 5,300 47,000 Inventory 26,000 Notes payable (long-term) 10,700 Notes receivable (long- term) 2,000 Common stock 96,300 Equipment 53,000 Additional paid-in capital 43,300 Factory building 108,000 Retained earnings Intangibles 4,300 During the year 2015, the company had the following summarized activities:
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 3E: Visual Inspection Noble Companys accounting records provided the following changes in account...
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