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Options for A: Assets = Liabilities + Expenses Assets = Liabilities + Stockholders' Equity Assets = Revenue + Expenses Liabilities = Assets + Stockholders' Equity

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Options for A:
Assets = Liabilities + Expenses
Assets = Liabilities + Stockholders' Equity
Assets = Revenue + Expenses
Liabilities = Assets + Stockholders' Equity
Stockholders' Equity = Assets + Liabilities
Stockholders' Equity = Assets + Revenue
Options for B:
Net Income = Assets Expenses
Net Income = Assets Liabilities
Net Income = Revenue Expenses
Net Income = Revenue Liabilities
Options for C:
Ending RE = Beginning RE + Dividends Net Income
Ending RE = Beginning RE + Net Income Dividends
Ending RE = Beginning RE + Net Income Expenses
Ending RE = Beginning RE + Revenue Dividends
Options for D:
Ending Cash = Beginning Cash + CF from Operating Activities + CF from Investing Activities + CF from Financing Activities
Ending Cash = Beginning Cash + Expenses + Liabilities + Dividends
Ending Cash = Beginning Cash + Revenue + Assets + Net Income
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 Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends Beginning Retained Earnings Ending Retained Eamings Cash Flows from Operating Activities 2,500 Cash Flows from Investing Activities (1,900) Cash Flows from Financing Activities (1350) Beginning Cash Ending Cash $19,100 4,200 4,900 11,400 9,650 1,750 450 4,400 5,700 1,900 1,150

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