Case Study 1162

Question Description

Project income statements and balance sheets for 5 years into the future.

Project income and expense.

Project the asset side of balance sheet.

Assume non operating assets are fixed.

Assume that NP, LTD, contributed capital, Treasury stock, AOCi are fixed.

Assume that interest expense is fixed.

Assume that dividends continue at current level.

Make sure that RE tracks from year to year. (Beginning RE plus NI minus Dividends equals Ending RE,)

Use “Additional funds needed” account to make liabilities and equity equal assets. Place that account between liabilities and equity on your spreadsheet..