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Some follow up questions based on the info posed from the information above for For Paws: a ) What are the total assets, liabilities and
Some follow up questions based on the info posed from the information above for For Paws:
a What are the total assets, liabilities and stockholders equity to be reported on the balance sheet? Does the account equation balance?
b What is net income for the month?
c How much of the income for the month was retained in the business?
d What is the net change in cash for the month? Can you separate the total change in cash to change in cash due to operating activities, investing activities, and financing activities? Is the large decline in cash a concern?
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