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Ruth & Associates
Income Statement
For the Year Ended December 31, 2010
Revenue
Consulting Revenue
100000
Interest Revenue
4000
Total Revenue
104000
Expenses
Salary Expense
47000
Interest Expense
5000
Total Expenses
52000
Net Income
52000
Ruth & Associates
Statement of Changes in Stockholders’ Equity
For the Year Ended December 31, 2010
Beginning Common Stock
25000
Plus: Common Stock Issued
15000
Ending Common Stock
40000
Beginning Retained Earnings
18000
Plus: Net Income
52000
Less: Dividends
10000
Ending Retained Earnings
60000
Total Stockholders’ Equity
100000
Ruth & Associates
Balance Sheet
As of the December 31, 2010
Assets
Cash
52000
Accounts Receivable
26000
Supplies
3000
Prepaid Rent
5000
Land
63000
Total Assets
149000
Liabilities
Interest Payable
2000
Salaries Payable
7000
Unearned Revenue
8000
Notes Payable
32000
Total Liabilities
49000
Stockholders’ Equity
Common Stock
40000
Retained Earnings
60000
Total Stockholders’ Equity
100000
Total Liab. and Stockholders’ Equity
149000
Ruth & Associates
Statement of Cash Flows
For the Year Ended December 31, 2010
Cash Flow From Operating Activities
52000
Cash Flow From Investing Activities
-30000
Cash Flow From Financing Activities
20000
Net Change in Cash Plus:
42000
Beginning Cash Balance
10000
Ending Cash Balance
52000
Ending Cash Balance
52000
Net Change in Cash
42000
= Beginning Cash Balance
10000
Ruth & Associates
Income Statement
For the Year Ended December 31, 2010
Revenue
Consulting Revenue
100000
Interest Revenue
4000
Total Revenue
104000
Expenses
Salary Expense
47000
Interest Expense
5000
Total Expenses
52000
Net Income
52000
Ruth & Associates
Statement of Changes in Stockholders’ Equity
For the Year Ended December 31, 2010
Beginning Common Stock
25000
Plus: Common Stock Issued
15000
Ending Common Stock
40000
Beginning Retained Earnings
18000
Plus: Net Income
52000
Less: Dividends
10000
Ending Retained Earnings
60000
Total Stockholders’ Equity
100000
Ruth & Associates
Balance Sheet
As of the December 31, 2010
Assets
Cash
52000
Accounts Receivable
26000
Supplies
3000
Prepaid Rent
5000
Land
63000
Total Assets
149000
Liabilities
Interest Payable
2000
Salaries Payable
7000
Unearned Revenue
8000
Notes Payable
32000
Total Liabilities
49000
Stockholders’ Equity
Common Stock
40000
Retained Earnings
60000
Total Stockholders’ Equity
100000
Total Liab. and Stockholders’ Equity
149000
Ruth & Associates
Statement of Cash Flows
For the Year Ended December 31, 2010
Cash Flow From Operating Activities
52000
Cash Flow From Investing Activities
-30000
Cash Flow From Financing Activities
20000
Net Change in Cash Plus:
42000
Beginning Cash Balance
10000
Ending Cash Balance
52000
Ending Cash Balance
52000
Net Change in Cash
42000
= Beginning Cash Balance
10000
Solution
Ruth & Associates
Income Statement
For the Year Ended December 31, 2010
Revenue
Consulting Revenue
100000
Interest Revenue
4000
Total Revenue
104000
Expenses
Salary Expense
47000
Interest Expense
5000
Total Expenses
52000
Net Income
52000
Ruth & Associates
Statement of Changes in Stockholders’ Equity
For the Year Ended December 31, 2010
Beginning Common Stock
25000
Plus: Common Stock Issued
15000
Ending Common Stock
40000
Beginning Retained Earnings
18000
Plus: Net Income
52000
Less: Dividends
10000
Ending Retained Earnings
60000
Total Stockholders’ Equity
100000
Ruth & Associates
Balance Sheet
As of the December 31, 2010
Assets
Cash
52000
Accounts Receivable
26000
Supplies
3000
Prepaid Rent
5000
Land
63000
Total Assets
149000
Liabilities
Interest Payable
2000
Salaries Payable
7000
Unearned Revenue
8000
Notes Payable
32000
Total Liabilities
49000
Stockholders’ Equity
Common Stock
40000
Retained Earnings
60000
Total Stockholders’ Equity
100000
Total Liab. and Stockholders’ Equity
149000
Ruth & Associates
Statement of Cash Flows
For the Year Ended December 31, 2010
Cash Flow From Operating Activities
52000
Cash Flow From Investing Activities
-30000
Cash Flow From Financing Activities
20000
Net Change in Cash Plus:
42000
Beginning Cash Balance
10000
Ending Cash Balance
52000
Ending Cash Balance
52000
Net Change in Cash
42000
= Beginning Cash Balance
10000
Ruth & Associates
Income Statement
For the Year Ended December 31, 2010
Revenue
Consulting Revenue
100000
Interest Revenue
4000
Total Revenue
104000
Expenses
Salary Expense
47000
Interest Expense
5000
Total Expenses
52000
Net Income
52000
Ruth & Associates
Statement of Changes in Stockholders’ Equity
For the Year Ended December 31, 2010
Beginning Common Stock
25000
Plus: Common Stock Issued
15000
Ending Common Stock
40000
Beginning Retained Earnings
18000
Plus: Net Income
52000
Less: Dividends
10000
Ending Retained Earnings
60000
Total Stockholders’ Equity
100000
Ruth & Associates
Balance Sheet
As of the December 31, 2010
Assets
Cash
52000
Accounts Receivable
26000
Supplies
3000
Prepaid Rent
5000
Land
63000
Total Assets
149000
Liabilities
Interest Payable
2000
Salaries Payable
7000
Unearned Revenue
8000
Notes Payable
32000
Total Liabilities
49000
Stockholders’ Equity
Common Stock
40000
Retained Earnings
60000
Total Stockholders’ Equity
100000
Total Liab. and Stockholders’ Equity
149000
Ruth & Associates
Statement of Cash Flows
For the Year Ended December 31, 2010
Cash Flow From Operating Activities
52000
Cash Flow From Investing Activities
-30000
Cash Flow From Financing Activities
20000
Net Change in Cash Plus:
42000
Beginning Cash Balance
10000
Ending Cash Balance
52000
Ending Cash Balance
52000
Net Change in Cash
42000
= Beginning Cash Balance
10000

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Ruth & Associates financial reports 2010

  • 1. Ruth & Associates Income Statement For the Year Ended December 31, 2010 Revenue Consulting Revenue 100000 Interest Revenue 4000 Total Revenue 104000 Expenses Salary Expense 47000 Interest Expense 5000 Total Expenses 52000 Net Income 52000 Ruth & Associates Statement of Changes in Stockholders’ Equity For the Year Ended December 31, 2010 Beginning Common Stock 25000 Plus: Common Stock Issued 15000 Ending Common Stock 40000 Beginning Retained Earnings 18000 Plus: Net Income 52000 Less: Dividends 10000 Ending Retained Earnings
  • 2. 60000 Total Stockholders’ Equity 100000 Ruth & Associates Balance Sheet As of the December 31, 2010 Assets Cash 52000 Accounts Receivable 26000 Supplies 3000 Prepaid Rent 5000 Land 63000 Total Assets 149000 Liabilities Interest Payable 2000 Salaries Payable 7000 Unearned Revenue 8000 Notes Payable 32000 Total Liabilities 49000 Stockholders’ Equity Common Stock 40000 Retained Earnings 60000 Total Stockholders’ Equity
  • 3. 100000 Total Liab. and Stockholders’ Equity 149000 Ruth & Associates Statement of Cash Flows For the Year Ended December 31, 2010 Cash Flow From Operating Activities 52000 Cash Flow From Investing Activities -30000 Cash Flow From Financing Activities 20000 Net Change in Cash Plus: 42000 Beginning Cash Balance 10000 Ending Cash Balance 52000 Ending Cash Balance 52000 Net Change in Cash 42000 = Beginning Cash Balance 10000 Ruth & Associates Income Statement For the Year Ended December 31, 2010 Revenue Consulting Revenue 100000 Interest Revenue 4000 Total Revenue 104000 Expenses Salary Expense
  • 4. 47000 Interest Expense 5000 Total Expenses 52000 Net Income 52000 Ruth & Associates Statement of Changes in Stockholders’ Equity For the Year Ended December 31, 2010 Beginning Common Stock 25000 Plus: Common Stock Issued 15000 Ending Common Stock 40000 Beginning Retained Earnings 18000 Plus: Net Income 52000 Less: Dividends 10000 Ending Retained Earnings 60000 Total Stockholders’ Equity 100000 Ruth & Associates Balance Sheet As of the December 31, 2010 Assets Cash 52000 Accounts Receivable 26000 Supplies 3000
  • 5. Prepaid Rent 5000 Land 63000 Total Assets 149000 Liabilities Interest Payable 2000 Salaries Payable 7000 Unearned Revenue 8000 Notes Payable 32000 Total Liabilities 49000 Stockholders’ Equity Common Stock 40000 Retained Earnings 60000 Total Stockholders’ Equity 100000 Total Liab. and Stockholders’ Equity 149000 Ruth & Associates Statement of Cash Flows For the Year Ended December 31, 2010 Cash Flow From Operating Activities 52000 Cash Flow From Investing Activities -30000 Cash Flow From Financing Activities 20000 Net Change in Cash Plus:
  • 6. 42000 Beginning Cash Balance 10000 Ending Cash Balance 52000 Ending Cash Balance 52000 Net Change in Cash 42000 = Beginning Cash Balance 10000 Solution Ruth & Associates Income Statement For the Year Ended December 31, 2010 Revenue Consulting Revenue 100000 Interest Revenue 4000 Total Revenue 104000 Expenses Salary Expense 47000 Interest Expense 5000 Total Expenses 52000 Net Income 52000 Ruth & Associates Statement of Changes in Stockholders’ Equity For the Year Ended December 31, 2010
  • 7. Beginning Common Stock 25000 Plus: Common Stock Issued 15000 Ending Common Stock 40000 Beginning Retained Earnings 18000 Plus: Net Income 52000 Less: Dividends 10000 Ending Retained Earnings 60000 Total Stockholders’ Equity 100000 Ruth & Associates Balance Sheet As of the December 31, 2010 Assets Cash 52000 Accounts Receivable 26000 Supplies 3000 Prepaid Rent 5000 Land 63000 Total Assets 149000 Liabilities Interest Payable 2000 Salaries Payable
  • 8. 7000 Unearned Revenue 8000 Notes Payable 32000 Total Liabilities 49000 Stockholders’ Equity Common Stock 40000 Retained Earnings 60000 Total Stockholders’ Equity 100000 Total Liab. and Stockholders’ Equity 149000 Ruth & Associates Statement of Cash Flows For the Year Ended December 31, 2010 Cash Flow From Operating Activities 52000 Cash Flow From Investing Activities -30000 Cash Flow From Financing Activities 20000 Net Change in Cash Plus: 42000 Beginning Cash Balance 10000 Ending Cash Balance 52000 Ending Cash Balance 52000 Net Change in Cash 42000 = Beginning Cash Balance
  • 9. 10000 Ruth & Associates Income Statement For the Year Ended December 31, 2010 Revenue Consulting Revenue 100000 Interest Revenue 4000 Total Revenue 104000 Expenses Salary Expense 47000 Interest Expense 5000 Total Expenses 52000 Net Income 52000 Ruth & Associates Statement of Changes in Stockholders’ Equity For the Year Ended December 31, 2010 Beginning Common Stock 25000 Plus: Common Stock Issued 15000 Ending Common Stock 40000 Beginning Retained Earnings 18000 Plus: Net Income 52000 Less: Dividends 10000 Ending Retained Earnings
  • 10. 60000 Total Stockholders’ Equity 100000 Ruth & Associates Balance Sheet As of the December 31, 2010 Assets Cash 52000 Accounts Receivable 26000 Supplies 3000 Prepaid Rent 5000 Land 63000 Total Assets 149000 Liabilities Interest Payable 2000 Salaries Payable 7000 Unearned Revenue 8000 Notes Payable 32000 Total Liabilities 49000 Stockholders’ Equity Common Stock 40000 Retained Earnings 60000 Total Stockholders’ Equity
  • 11. 100000 Total Liab. and Stockholders’ Equity 149000 Ruth & Associates Statement of Cash Flows For the Year Ended December 31, 2010 Cash Flow From Operating Activities 52000 Cash Flow From Investing Activities -30000 Cash Flow From Financing Activities 20000 Net Change in Cash Plus: 42000 Beginning Cash Balance 10000 Ending Cash Balance 52000 Ending Cash Balance 52000 Net Change in Cash 42000 = Beginning Cash Balance 10000