Question

Below 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 (Input all amounts as positive values.):

COUNTRY KETTLES, INC. Balance Sheets
	2016			2017
Assets
Cash	$	36,740		$	35,719
Accounts receivable		84,583			88,746
Inventories		73,568			77,121
Property, plant, and equipment		181,340			190,188
Less: Accumulated depreciation		55,300			60,381
Total assets	$	320,931		$	331,393
Liabilities and Equity
Accounts payable	$	59,863		$	61,350
Accrued expenses		7,599			6,815
Long-term debt		30,976			33,800
Common stock		19,000			23,000
Accumulated retained earnings	$	203,493		$	206,428
Total liabilities and equity	$	320,931		$	331,393

	Item Source/Use Amount Cash Accounts receivable Inventories Property, plant, and equipment Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings

Answer 1

Increase in Assets such as Cash , Accounts Receivable , Inventory and Net Property plant and Equipment will be use of Cash whereas Decrease in Assets such as Cash , Accounts Receivable , Inventory and Net Property plant and Equipment will be source of Cash .

Increase in Liabilities such as Accounts Payable , Accrued expenses , Long Term Debt , Common Stock and Accumulated Earnings is source of Cash whereas Decrease in Liabilities such as Accounts Payable , Accrued expenses , Long Term Debt , Common Stock and Accumulated Earnings is use of Cash.

Below is the Table showing Amount :

	Source / Use	Amount
Cash	Source	1021
Accounts Receivable	Use	-4163
Inventories	Use	-3553
Property Plant and Equipment	Use	8848
Accounts Payable	Source	1487
Accrued Expenses	Use	-784
Long Term Debt	Source	2824
Common Stock	Source	4000
Accumulated Retained earning	Source	2935

Property Plant and Equipment is taken before Depreciation