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Each of the following independent situations represents amounts shown on the four basic financial statements. 1. Revenues = $24,800; Expenses $16,900; Net income =
Each of the following independent situations represents amounts shown on the four basic financial statements. 1. Revenues = $24,800; Expenses $16,900; Net income = 2. Increase in stockholders' equity = $15,000; Issuance of common stock $12,000; Net income $10,900; Dividends = 3. Assets = $22,900; Stockholders' equity = $16,000; Liabilities = 4. Total change in cash = $23,800; Net operating cash flows = $31,800; Net investing cash flows = ($14,800); Net financing cash flows = Required: Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 1. 2. 3. 4.
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