Chapter 10
The Statement of Cash Flow
500
AP-15A (
2
3
6
)
The balance sheet and income statement for Vispara Company are presented below.
Vispara Company
Balance Sheet
As at December 31
2016
2015
Assets
Cash
$133,400
$75,000
Accounts Receivable
47,000
26,000
Inventory
72,000
42,000
Total Current Assets
252,400
143,000
Property, Plant & Equipment
Land
90,000
100,000
Equipment
90,000
130,000
Less: Accumulated Depreciation
(45,000)
(60,000)
Total Assets
$387,400
$313,000
Liabilities
Accounts Payable
$35,000
$65,000
Current Portion of Bank Loan
40,000
40,000
Current Liabilities
75,000
105,000
Non-Current Portion of Bank Loan
140,000
95,000
Total Liabilities
215,000
200,000
Shareholders’ Equity
Common Shares
85,000
75,000
Retained Earnings
87,400
38,000
Shareholders’ Equity
172,400
113,000
Liabilities and Shareholders’ Equity
$387,400
$313,000
