Shown below are comparative statements of financial position for Blue Spruce Corporation. BLUE SPRUCE CORPORATION Statement of Financial Position December 31 Assets 2022 2021 Cash $5,760 $18,040 Accounts receivable 69,700 62,320 Inventory 139,400 154,980 Land 65,600 82,000 Equipment 213,200 164,000 Accumulated depreciation - equipment (54,120 ) (26,240 ) $489,540 $455,100
Shown below are comparative statements of financial position for Blue Spruce Corporation. BLUE SPRUCE CORPORATION Statement of Financial Position December 31 Assets 2022 2021 Cash $5,760 $18,040 Accounts receivable 69,700 62,320 Inventory 139,400 154,980 Land 65,600 82,000 Equipment 213,200 164,000 Accumulated depreciation - equipment (54,120 ) (26,240 ) $489,540 $455,100
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 7E
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