Answered step by step
Verified Expert Solution
Question
1 Approved Answer
what did i do wrong?? Return to question 1. Revenues - $23,200, Expenses - $16,100; Net Income 2. Increase in stockholders equity - $17,000: Issuance
what did i do wrong??
Return to question 1. Revenues - $23,200, Expenses - $16,100; Net Income 2. Increase in stockholders equity - $17,000: Issuance of common stock - $11,000: Net income = $10,100: Dividends 3. Assets = $22.000: Stockholders' equity - $15.000, Liabilities 4 Total change in cash $22, 200; Net operating cash flows - $30.200. Net investing cash flows = ($13.200). Net financing cash flows Answer is not complete. 1. Revenues - Expenses = Net income $ 23,200 16.100 7.100 2 Change in stockholders' equity Issue common stock. Net income - Dividends S 17,000 11,000 10.100 19,400 3. Asset Lisboties + Stockholders equity 22.000 7,000 15,000 4. Total change in cash Operating cash flows + Investing cash flows + Financing cash flows 22,200 30,200 13 200 (21,200) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started