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Each of the following independent situations represents amounts shown on the four basic financial statements. Revenues =$27,000; Expenses =$18,000; Net income = Increase in stockholders'
Each of the following independent situations represents amounts shown on the four basic financial statements. Revenues =$27,000; Expenses =$18,000; Net income = Increase in stockholders' equity =$17,000; Issuance of common stock =$11,000; Net income =$12,000; Dividends = Assets =$24,000; Stockholders' equity =$15,000; Liabilities = Total change in cash =$26,000; Net operating cash flows =$34,000; Net investing cash flows =($17,000); Net financing cash flows = cash flows = Required: Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial staterAents
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