The following information is available for Santiago Inc Compute the following for 2011 1 Net income 2 Cash from operatingactivities Dec 31, 2011 Dec 31, 2010 $ 141,000 665,000 $97,000 543,000 Cash Retained earnings Cash from operating activities Cash from investing activities Cash Dividends declare...

1 Dec 31 Retained earnings Jan 1 Retained earnings Net income Dividend ...

The following information is available for Santiago Inc.: Compute the following for 2011: 1. Net income 2.

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The following information is available for Santiago Inc.:

Compute the following for 2011:
1. Net income
2. Cash from operatingactivities

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:33 AM

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The following information is available for Santiago Inc.: Compute the following for 2011: 1. Net income 2.

Question:

Dec. 31, 2011 Dec. 31, 2010 $ 141,000 665,000 $97,000 543,000 Cash Retained earnings Cash from operating activities Cash from investing activities Cash Dividends declared and paid Net income .. … (483,000) (287.000) 47,000 from financing activities

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