FIN 575 Week 5 Balance Sheet and Cash Flow Statement

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FIN 575 Week 5 Balance Sheet and Cash Flow Statement
FIN 575 Week 5 Balance Sheet and Cash Flow Statement
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FIN 575 Week 5 Balance Sheet and Cash Flow Statement

Resource: Balance Sheet and Cash Flow Statement Grading Guide

Purpose of Assignment 

The purpose of this assignment is for students to initiate and complete a comprehensive financial plan. The ultimate result will be a set of pro forma financial statements including an Income Statement, Balance Sheet, and Cash Flow Statement. The student will develop requisite assumptions about the dollar values to be budgeted.

Assignment Steps 

Again, we have an issue with Week 5 Assignment. I am so sorry about this. I will be referring these issues to the University.   Let’s change the instructions to as follows:

 

Assignment Steps 

Create a balance sheet by doing the following: 

  • Conduct an internet search or use a balance sheet from an assignment, or use an example of a balance sheet located in the textbook and locate a balance sheet.

  • Review and discuss in 350 words the assets, liabilities and stockholder’s equity items found on the balance sheet.

  • Create a balance sheet using the account names and balances below. Make assumptions about the dollar values of each account so that the balance sheet balances. Remember that assets will equal liabilities plus stockholders’ equity

Format assignment consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.

 

Cash                                                            32,800                       

 

Accounts Payable                                         49,000                       

 

Property and equipment                             98,000

 

Marketable Securities                                  3,000  

 

Common Stock                                             10,000

 

Prepaid Rent                                                1,000                          

 

Inventories                                                    39,800            

 

Accounts Receivable                                   300                                                     

 

Long Term Debt                                            99,500

 

Retained Earnings                                         11,950

 

Current Portion of Long Term Debt              4,450

 

Goodwill                                                         2,000

 

  • Accumulated Depreciation                               2,000

Format essay part of assignment consistent with APA guidelines. 

Submit your assignment.