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Stimpleton Company engages in the following cash payments: Purchase equipment Pay rent Repay loan to the bank Pay workers' salaries $3,800 450 4,300 650 What
Stimpleton Company engages in the following cash payments: Purchase equipment Pay rent Repay loan to the bank Pay workers' salaries $3,800 450 4,300 650 What is the total amount of cash paid for operating activities? Multiple Choice d $4950 O $3.000 O $8.100 $1100 Use the following appropriate amounts to calculate net income: Revenues. $10.200: Liabilities. $4.700: Expenses. $5.000: Assets. $18,900; Dividends. S1.600. Multiple Choice $3.600 $14 200 $5.200 $2.850 The ending retained earnings balance of Juan's Mexican Restaurant chain Increased by $8.5 million from the beginning of the year. The company declared a dividend of $16 million during the year. What was the amount of net Income during the year? Multiple Choice d $6.9 millon $9.5 million O $1.6 million $10.1 millon During the year. Cheng Company paid salaries of $22.900. In addition, $9.300 in salaries has accrued by the end of the year but has not been paid. The year-end adjusting entry would include which one of the following? Multiple Choice O Credit to salaries expense of $9.300 O Credit to salarles payable for $9,300 O Debit to salaries expense for $32,200 Debit to salarles payable for $22.900 Emmitt had the following final balances after the first year of operations: assets. $35.200; stockholders' equity. $14,200; dividends, $2,800 and net Income. $9.800. What is the amount of Emmite's liabilities? Multiple Choice O $8.400 O $23,000 O $21,000 $35,200
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