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Business
Accounting
Each of the following independent situations represents amounts shown on the four basic financial statements.   Revenues = $25,000; Expenses = $17,000; Net income = ____________. Increase in stockholders' equity = $16,000; Issuance of common stock = $10,000; Net income = $11,000; Dividends = ____________. Assets = $23,000; Stockholders' equity = $17,000; Liabilities = ____________. 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.

Each of the following independent situations represents amounts shown on the four basic financial statements.   Revenues = $25,000; Expenses = $17,000; Net income = ____________. Increase in stockholders' equity = $16,000; Issuance of common stock = $10,000; Net income = $11,000; Dividends = ____________. Assets = $23,000; Stockholders' equity = $17,000; Liabilities = ____________. 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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.

 

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