Balance Sheet |
ABC Company, Inc. |
(See accompanying notes to the financial statements.) |
(in US Dollars) | As of December 31, 2020 | As of December 31, 2019 |
ASSETS | ||
Current Assets: | ||
Cash and cash equivalents | $ |
$ |
Receivables | ||
Inventories | ||
Current assets | ||
Noncurrent Assets: | ||
Property, plant, and equipment | ||
Noncurrent assets | ||
Assets | $ |
$ |
LIABILITIES AND EQUITY | ||
LIABILITIES | ||
Current liabilities: | ||
Accounts payable | $ |
$ |
Current liabilities | ||
Noncurrent liabilities: | ||
Long-term debt | ||
Noncurrent liabilities | ||
Liabilities | ||
EQUITY | ||
Retained earnings | ||
Equity | ||
Liabilities and equity | $ |
$ |
Income Statement |
ABC Company, Inc. |
(See accompanying notes to the financial statements.) |
(in US Dollars) | For period ended December 31, 2020 |
Sales | $ |
Cost of Sales | |
Gross Profit (Loss) | |
Operating Expenses: | |
Depreciation and amortization | |
Operating expenses | |
Operating Income (Loss) | |
Nonoperating income (expenses) | |
Income (loss) before taxes | |
Income tax expense (benefit) | |
Net income (loss) | |
Cash Flow Statement |
ABC Company, Inc. |
(See accompanying notes to the financial statements.) |
(in US Dollars) | For period ended December 31, 2020 |
Net cash flow from operating activities: | |
Collection of receivables | $ |
Payment of accounts payables | ( |
Net cash flow from operating activities | |
Net cash flow from financing activities: | |
Additional long-term borrowings | |
Repayment of long-term borrowings | ( |
Net cash flow from financing activities | |
Net cash flow from investing activities: | |
Capital additions of property, plant, and equipment | ( |
Net cash flow from investing activities | ( |
Net cash flow | |
Cash and cash equivlents, beginning balance | |
Cash and cash equivlents,ending balance | $ |
Statement of Changes in Equity |
ABC Company, Inc. |
(See accompanying notes to the financial statements.) |
(in US Dollars) | For period ended December 31, 2020 |
Changes in equity: | |
Equity, beginning balance | $ |
Net income (loss) | |
Equity, ending balance | $ |
Cash and Cash Equivalents Roll Forward |
ABC Company, Inc. |
(in US Dollars) | For period ended December 31, 2020 |
Cash and cash equivalents roll forward: | |
Cash and cash equivalents, beginning balance | $ |
Collection of receivables | |
Payment of payables | ( |
Additional long-term borrowings | |
Repayment of long-term borrowings | ( |
Capital additions of property, plant, and equipment | ( |
Cash and cash equivalents, ending balance | $ |
Receivables Roll Forward |
ABC Company, Inc. |
(in US Dollars) | For period ended December 31, 2020 |
Receivables roll forward: | |
Receivables, beginning balance | $ |
Sales | |
Collection of receivables | ( |
Additions to allowance for bad debts | |
Bad debts written off | |
Receivables, ending balance | $ |
Inventories Roll Forward |
ABC Company, Inc. |
(in US Dollars) | For period ended December 31, 2020 |
Inventories roll forward: | |
Inventories, beginning balance | $ |
Purchases of inventories for sale | |
Cost of sales | ( |
Inventories written off | |
Inventories, ending balance | $ |
Property, Plant and Equipment Roll Forward |
ABC Company, Inc. |
(in US Dollars) | For period ended December 31, 2020 |
Property, plant, and equipment roll forward: | |
Property, plant, and equipment, beginning balance | $ |
Capital additions of property, plant, and equipment | |
Depreciation and amortization | ( |
Property, plant and equipment written off | |
Property, plant, and equipment, ending balance | $ |
Accounts Payable Roll Forward |
ABC Company, Inc. |
(in US Dollars) | For period ended December 31, 2020 |
Accounts payable roll forward: | |
Accounts payable, beginning balance | $ |
Purchases of inventory for sale | |
Payment of accounts payable | ( |
Accounts payable, ending balance | $ |
Long-term Debt Roll Forward |
ABC Company, Inc. |
(in US Dollars) | For period ended December 31, 2020 |
Long-term debt roll forward: | |
Long-term debt, beginning balance | $ |
Additional long-term borrowings | |
Repayment of long-term borrowings | ( |
Long-term debt, ending balance | $ |
Retained Earnings Roll Forward |
ABC Company, Inc. |
(in US Dollars) | For period ended December 31, 2020 |
Retained earnings roll forward: | |
Retained earnings, beginning balance | $ |
Net income (loss) | |
Retained earnings, ending balance | $ |