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thank you Each of the following independent situations represents amounts shown on the four basic financial statements. 1. Revenues =$25,000; Expenses =$17,000; Net income =
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Each of the following independent situations represents amounts shown on the four basic financial statements. 1. Revenues =$25,000; Expenses =$17,000; Net income = 2. Increase in stockholders' equity =$16,000; Issuance of common stock =$10,000; Net income =$11,000; Dividends = 3. Assets =$23,000; Stockholders' equity =$17,000; Liabilities = 4. Total change in cash =$24,000; Net operating cash flows =$32,000; Net investing cash flows =($15,000); Net financing cash flows = Required: Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements Step by Step Solution
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