0 0 0 98450062F577611EBC79 2017-12-31 98450062F577611EBC79 2018-01-01 2018-12-31 98450062F577611EBC79 2018-12-31 iso4217:USD
Balance Sheet
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) As of December 31, 2018 As of December 31, 2017
ASSETS  
Current Assets:  
Cash and cash equivalents $4,000) $3,000)
Receivables 2,000) 1,000)
Inventories 1,000) 1,000)
Current assets 7,000) 5,000)
   
Noncurrent Assets:  
Property, plant, and equipment 6,000) 1,000)
Noncurrent assets 6,000) 1,000)
   
Assets $13,000) $6,000)
   
LIABILITIES AND EQUITY  
LIABILITIES  
Current liabilities:  
Accounts payable $1,000) $1,000)
Current liabilities 1,000) 1,000)
   
Noncurrent liabilities:  
Long-term debt 6,000) 1,000)
Noncurrent liabilities 6,000) 1,000)
   
Liabilities 7,000) 2,000)
EQUITY  
Retained earnings 6,000) 4,000)
Equity 6,000) 4,000)
   
Liabilities and equity $13,000) $6,000)
   
Income Statement
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2018
Sales $4,000)
Cost of Sales 2,000)
Gross Profit (Loss) 2,000)
  
Operating Expenses: 
Depreciation and amortization 0)
Operating expenses 0)
  
Operating Income (Loss) 2,000)
  
Nonoperating income (expenses) 0)
Income (loss) before taxes 2,000)
Income tax expense (benefit) 0)
Net income (loss) 2,000)
  
Cash Flow Statement
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2018
Net cash flow from operating activities: 
Collection of receivables $3,000)
Payment of accounts payables (2,000)
Net cash flow from operating activities 1,000)
  
Net cash flow from financing activities: 
Additional long-term borrowings 6,000)
Repayment of long-term borrowings (1,000)
Net cash flow from financing activities 5,000)
  
Net cash flow from investing activities: 
Capital additions of property, plant, and equipment (5,000)
Net cash flow from investing activities (5,000)
  
Net cash flow 1,000)
Cash and cash equivlents, beginning balance 3,000)
Cash and cash equivlents,ending balance $4,000)
  
Statement of Changes in Equity
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2018
Changes in equity: 
Equity, beginning balance $4,000)
Net income (loss) 2,000)
Equity, ending balance $6,000)
  
Cash and Cash Equivalents Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2018
Cash and cash equivalents roll forward: 
Cash and cash equivalents, beginning balance $3,000)
Collection of receivables 3,000)
Payment of payables (2,000)
Additional long-term borrowings 6,000)
Repayment of long-term borrowings (1,000)
Capital additions of property, plant, and equipment (5,000)
Cash and cash equivalents, ending balance $4,000)
  
Receivables Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2018
Receivables roll forward: 
Receivables, beginning balance $1,000)
Sales 4,000)
Collection of receivables (3,000)
Additions to allowance for bad debts 0)
Bad debts written off 0)
Receivables, ending balance $2,000)
  
Inventories Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2018
Inventories roll forward: 
Inventories, beginning balance $1,000)
Purchases of inventories for sale 2,000)
Cost of sales (2,000)
Inventories written off 0)
Inventories, ending balance $1,000)
  
Property, Plant and Equipment Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2018
Property, plant, and equipment roll forward: 
Property, plant, and equipment, beginning balance $1,000)
Capital additions of property, plant, and equipment 5,000)
Depreciation and amortization (0)
Property, plant and equipment written off 0)
Property, plant, and equipment, ending balance $6,000)
  
Accounts Payable Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2018
Accounts payable roll forward: 
Accounts payable, beginning balance $1,000)
Purchases of inventory for sale 2,000)
Payment of accounts payable (2,000)
Accounts payable, ending balance $1,000)
  
Long-term Debt Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2018
Long-term debt roll forward: 
Long-term debt, beginning balance $1,000)
Additional long-term borrowings 6,000)
Repayment of long-term borrowings (1,000)
Long-term debt, ending balance $6,000)
  
Retained Earnings Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2018
Retained earnings roll forward: 
Retained earnings, beginning balance $4,000)
Net income (loss) 2,000)
Retained earnings, ending balance $6,000)
  
Inventories Subclassifications
ABC Company, Inc.
 
(in US Dollars) As of December 31, 2018 As of December 31, 2017
Inventories:  
Finished goods $600) $700)
Work-in-progress 200) 100)
Raw materials 200) 200)
Inventories $1,000) $1,000)
   
Finished Goods Subclassifications
ABC Company, Inc.
 
(in US Dollars) As of December 31, 2018 As of December 31, 2017
Finished goods:  
Product alpha $400) $600)
Product bravo 200) 100)
Finished goods $600) $700)