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Linda_us, Finance, Accounts & Homework Tutor
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This is a question you answered before. Prepare a Cash

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This is a question you answered before.

Prepare a Cash Flow Statement using the Indirect Method and the following information. There were no dividends paid in 2005 and 2006.

AlCan, Inc.
Balance Sheet
Years Ended Dec-05 Dec-06

Cash 15,000 35,000
Accounts Receivable 22,500 26,000
Inventory 37,500 40,000
Prepaid Expenses 18,000 12,000
Plant and Equipment 375,000 375,000
Less: Accumulated Depreciation (75,000) (90,000)
Total Assets 393,000 398,000

Accounts Payable 20,000 22,000
Notes payable 30,000 28,000
Bonds Payable 75,000 50,000

Total Liabilities 125,000 100,000

Stockholders' Equity
Common Stock 112,500 135,000
Paid-in Capital 37,500 40,000
Retained Earnings 118,000 123,000
Total Stockholders' Equity 268,000 298,000
Total Liabilities and Stockholders' Equity 393,000 398,000

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