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Prepare balance sheets for Abby's Interiors as of November 30, 20Y6. Abby's Interiors Balance Sheet November 30, 2016 Assets Total assets Liabilities Stockholders' Equity Total
Prepare balance sheets for Abby's Interiors as of November 30, 20Y6. Abby's Interiors Balance Sheet November 30, 2016 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity b. Determine the amount of net income for November, assuming that dividends of $9,500 were paid. $ c. Determine the net cash flows from operating activities for November. $ Financial information related to Abby's Interiors for October and November of 2016 is as follows: October 31, 20Y6 November 30, 2016 Notes payable Land $198,000 507,000 71,000 $249,000 574,000 94,000 Common stock Retained earnings ? ? Cash 44,000 185,000
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