(14 marks) Problem (lE Carcfour Company has 1,000,000 share of common stock with a par yalue of $10. Additional paid-in gapital totals $10,000,000 and retained earnings is $12,000,000. The directes decire 26% stod vidend when the market value is S5-The, tere dionof 2 Marks) retained earnings as a result of the declaration will be Answer I. Listed below are several terms related to financial statements 2 Marks) a. income statements b. balance sheet c statement of cash fows d. statement of retained earnings (reconciliation of retained earnings) Reqwired Match the letter that goes with each term. 21 Shows the financial condition of an accounting entity as of a particular date. 2. Details the inflows and outflows of cash during a specified period of time 3 Summarizes the results of operations foe a particular period of time. a4 Liks the balance sheet tothe income statement. (2 Marks) hCmpany owns 25% of Dubai Company and accounts for the investment on the equity basis and does sot of 2008, the investment in Dubai Company was $1 80,000. la 2008, Dubai Company S70,000 and paid dividends of $10,000. a How much wil Sharjah Company report as equity in carnings of Dubai Company in 20087 h How much cash flow will Sharjah Company receive from Dabai Company in 20087 ANS: (3 Marks) Preblem (4 Abu Dhabi Company began the year with total assets of $400,000 and sotal liabilities of $300,000. Required Using this information and the accounting equation, answer each of the following independent questions a. What was Abu Dhabi 's stockholders' equity at the beginning of the year? b. Assuming Abu Dhabi Company's assets increased by $50,000 and its total liabilities increased