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if you know all 10 parts to this, please answer. im super stuck on this. Thank you! Seve Homework: Chapter 3 Homework more: 0 of
if you know all 10 parts to this, please answer. im super stuck on this. Thank you! Seve Homework: Chapter 3 Homework more: 0 of 100 pts 2 of 6(1 complete HW Score: 16.27%, 97.62 of 800 pts 3-6 (book/static) Question Help Effect of net income on a firm's balance sheet Conrad Air, Inc., reported net income of 31.365.000 for the year ended December 31, 2020. Show how Conrad's balance sheet would change from 2019 2020 depending on how Corrad "spent those earnings as described in the scenarios that appear below. . Conrad paid no dividends during the year and invested the funds in marketable securities b. Conrad paid dividends totaling 1500,000 and used the balance of the net income to retire pay off) long term debt. c. Conrad paid dividends totaling $500.000 and invested the balance of the net income in building a new hangar d. Conrad paid out al $1,365,000 as dividends to its stockholders a. Corrad paid no dividends during the year and invested the funds in martable securities, the amount transferred to the lace will be Round to the nearest dolor 10 i Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Conrad Air, Inc. Balance Sheet as of December 31, 2019 Assets Cash Marketable securities Accounts receivable Inventories Current assets Equipment Buildings Fixed assets Total assets $120,000 35,000 45,000 130,000 $330,000 $2,970,000 1,600,000 $4,570,000 $4,900,000 Liabilities and Stockholders' Equity Accounts payable Short-term notes Current liabilities Long-term debt Total liabilities Common stock Retained earnings Stockholders' equity Total liabilities and equity $70,000 55,000 $125,000 $2,700,000 $2,825,000 $500,000 1,575,000 $2,075,000 $4,900.000 Print Done Clear All
if you know all 10 parts to this, please answer. im super stuck on this. Thank you!
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