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The following accounts are taken from the statements of the company At Dec 31,2019: Operating income = 80,000 Net income = 60,000 Dividends = 15,000
The following accounts are taken from the statements of the company At Dec 31,2019: Operating income = 80,000 Net income = 60,000 Dividends = 15,000 Decrease in inventory = 12,000 Decrease in account payable = 9000 Increase in building (Cash) = 20,000 Cashflow from financing activities = 8000 At Dec, 31,2018 Cash = 40,000 Retained Earnings = 30,000 10. Cash at Dec 31,2019 =* (3 Points) 9,000 85,000 91,000 76,000
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