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Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.

Sagot :

Answer:

The answer is:

[tex]Total \ liabilities = \$2,395\\\\Net \ worth = \$15,855 \\\\Total\ cash \ outflows = \$1,950[/tex]

Explanation:

Please find the complete question in the attached file.

[tex]\text{Total assets} = (450 + 1,890 + 7,800 + 2,350 + 1,500 + 3,400 + 860)= \$18,250 \\\\\text{Total liabilities} = (\$235 + \$2,160)= \$2,395 \\\\\text{Net worth} = (\$18,250 - \$2,395)= \$15,855 \\\\\text{Total cash inflows} = \$1,950 \\\\\text{Total cash outflows} = (650+345+230+180+110+65+80+90+70+130) = \$1,950\\\\[/tex]

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