Baron Coburg
Autor: sarbie75 • April 30, 2012 • Essay • 1,513 Words (7 Pages) • 2,414 Views
1) Financial Statements
Ivan’s Financial Statements
Ivan’s Farming
Beginning Balance Sheet
At Spring
(in BoW)
Assets Shareholder’s Equity
Fertilizer 2 Baron’s Contributed Capital 162
Seeds 20
Ox 40 Total Liabilities Shareholder’s Equity 162
Land 100
Total Assets 162
Ivan’s Farming
Income Sheet
For period ended Harvest
(in BoW)
Operating Revenues
Wheat Revenue 243
Total Revenues 243
Operating Expenses
Fertilizer Expense 2
Seeds Expense 20
Ox depreciation 4
Plough depreciation 3
Total Expenses 29
Net Income 214
Ivan’s Farming
Statement of Retained Earnings
For period ended Harvest
(in BoW)
Contributed Capital Retained Earnings Total Shareholder’s Equity
Beginning Balance 162 0 162
Net Income 214 214
Dividends Declared (20) (20)
Ending Balance 162 194 356
Ivan’s Farming
Statement of Cash Flows
For period ended Harvest
(in BoW)
Operating Activities
Net Income from Wheat 243
Financing Activities
Issued dividends (20)
BoW at end of period 223
BoW at beginning of period 0
Net Change in BoW’s 223
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