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Required information [The following information applies to the questions displayed below.] Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: 2-a. By how much did cash increase (decrease)? 2-b. Which financial statement would report the business activities responsible for the change in cash? Complete this question by entering your answers in the tabs below. By how much did cash increase (decrease)? Required information [The following information applies to the questions displayed below.] Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: 3-a. Was the company profitable? Yes No 3-b. Which financial statement provides the information regarding profitability? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows Required information [The following information applies to the questions displayed below.] Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: 2-a. By how much did cash increase (decrease)? 2-b. Which financial statement would report the business activities responsible for the change in cash? Complete this question by entering your answers in the tabs below. Which financial statement would report the business activities responsible for the change ir Required information [The following information applies to the questions displayed below.] Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: When answering the questions in requirements 14 that follow, refer to each financial statement only once in your answers. Required: 1-a. Is the company financed mainly by creditors or stockholders? Creditors Stockholders 1.b. Which financial statement provides the information regarding the source of financing? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows