Here are the most recent balance sheets for Country Kettles, Inc. Excluding accu

Question

Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input all amounts as positive values):

Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input all amounts as positive values):

Explanation / Answer

Solution.

Clasification of source and uses of fund.

  Item Source/Use Amount   Cash Use           880.00   Accounts receivable Use       3,040.00   Inventories Use       2,150.00   Property, plant, and equipment Use       9,400.00   Accounts payable Source       2,120.00   Accrued expenses Use           720.00   Long-term debt Source       2,550.00   Common stock Source       4,300.00   Accumulated retained earnings Source       1,420.00

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