Question
how do i prepare my cash flow Using the following table and the equations underlying each of the four basic financial statements, show (a) that
how do i prepare my cash flow Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated, (c) what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.)
| Assets | $ | 19,300 | |
| Liabilities | 14,300 | ||
| Stockholders Equity | 5,000 | ||
| Revenue | 11,600 | ||
| Expenses | 9,750 | ||
| Net Income | 1,850 | ||
| Dividends | 550 | ||
| Beginning Retained Earnings | 4,600 | ||
| Ending Retained Earnings | 5,900 | ||
| Cash Flows from Operating Activities | 2,700 | ||
| Cash Flows from Investing Activities | (2,100 | ) | |
| Cash Flows from Financing Activities | (1,450 | ) | |
| Beginning Cash | 2,100 | ||
| Ending Cash | 1,250 | ||
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Auditing And Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Strawser
2nd Edition
0073128244, 9780073128245
