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Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 1. Revenues = $26,800; Expenses = $17,900; Net income = 2. Increase in stockholders' equity = $16,000; Issuance of common stock = $10,000; Net income = $11,900; Dividends = 3. Assets $23,900; Stockholders' equity = $17,000; Liabilities = 4. Total change in cash = $25,800; Net operating cash flows = $33,800; Net investing cash flows = ($16,800); Net financing cash flows = 1. Revenues Expenses = Net income $ 26,800 $ 18,000 = $ 2. Change in stockholders' equity = Issue common stock - Net income - Dividends $ 16,000 = $ 3. Assets Liabilities + Stockholders' equity 10,000 $ 8,800 11,900 - 4. Total change in cash = Operating cash flows + Investing cash flows + Financing cash flows
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