Question
Each of the following independent situations represents amounts shown on the four basic financial statements 1. Revenues $26.400, Expenses $17,700, Net income 2. Increase
Each of the following independent situations represents amounts shown on the four basic financial statements 1. Revenues $26.400, Expenses $17,700, Net income 2. Increase in stockholders' equity $17,000, Issuance of common stock $11,000. Net income $11,700, Dividends 3. Assets $23,700, Stockholders' equity $15,000, Liabilities- 4. Total change in cash-$25,400, Net operating cash flows $33,400, Net investing cash flows = ($16,400), Net financing cash flows Required: Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements 1 Revenues-Expenses Net income S 26,400 17,700 2 Change in stockholders' equity Issue common stock Net income-Dividends 3 8.700 $ (16,400) $ 5,700
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