Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in
Question:
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the missing blanks using your knowledge of amounts that appear on the financial statements.
1.Revenues = $27,000; Expenses = $18,000; Net income = ________.
2.Increase in stockholders' equity = $20,000; Issuance of common stock = $12,000; Dividends =
$5,000; Net income = ________.
3.Assets = $25,000; Liabilities = $13,000; Stockholders' equity = ________.
4.Total change in cash = +$28,000; Net operating cash flows = +$30,000; Net financing cash flows = +$18,000; Net investing cash flows = ________.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Loose Leaf For Financial Accounting For Managers
ISBN: 978-1264503988
1st Edition
Authors: Wayne Thomas ,Michael Drake ,Jake Thornock ,David Spiceland
Question Posted: