Essay on Clemalite

1295 Words Nov 8th, 2014 6 Pages
Case Study

Clematile, Inc
Abstract: This Paper contains the information about Clematile, Inc, the balance Sheet for the company as of December 31, 2003 and notes. In Appendix you will find the transactions summary(period from January 2, 2003 till December 31, 2003) and the explanations for the final balance sheet. Content: 1. Company Information 2. Balance Sheet (June 2003) 3. Income Statement 4. Balance Sheet (December 2003) 5. Cash Flow (Indirect) 6. Notes 7. Appendix.

Company information
History: On January 2, 2003, Bennet Alexander, together with a number of relatives and friends, established Chemalite, Inc. Pririor to this, in late 2002, Alexander received a patent for Clemalite. Product: Chemalite is small, fragile glass vial of
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Balance Sheet
December 31, 2003
Assets: Current Assets: Cash Accounts receivable Inventory (raw inventory) Total Current Assets: Property, plant, and equipment: Equipment Total Property, Plant and Equipment Intangibles: Patent Total Intangibles: Total Assets: Liabilities and Shareholders' Equity Liabilities: Total Liabilities: Shareholders' Equity: Common Stock Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' equity

$113,000 $ 69,500 $ 55,000 $237,500 $201,875 $201,875 $100,000 $100,000 $539,375

$0 $0 $500,000 $39,375 $539,375 $539,375

Cash Flow (Indirect Method) Clemalite, Inc.
Cash Flow from Operations Net income Add. Depreciation Expense Amortization expenses(Patent) Operational Expenses Changes in Working Capital Accounts Receivable Inventories Accounts Payable Accrued Liabilities Cash Flow from Operations Cash Flow from Investing Capital Expenditures on Property, Plant, and Equipment Purchases of Long-Term Investments Cash Flows Used in Investing Cash Flow from Financing Payments on Bonds Payable Dividends Paid Cash Flows Used in Financing Change in Cash Flows Beginning Cash Balance Ending Cash

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