Each of the following independent situations represents amounts shown on the four basic financial statements. Revenues = $23,800; Expenses = $16,400; Net income = ____________. Increase in stockholders' equity = $17,000; Issuance of common stock = $11,000; Net income = $10,400; Dividends = ____________. Assets = $22,300; Stockholders' equity = $15,000; Liabilities = ____________. Total change in cash = $22,800; Net operating cash flows = $30,800; Net investing cash flows = ($13,800); 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 = $23,800; Expenses = $16,400; Net income = ____________. Increase in stockholders' equity = $17,000; Issuance of common stock = $11,000; Net income = $10,400; Dividends = ____________. Assets = $22,300; Stockholders' equity = $15,000; Liabilities = ____________. Total change in cash = $22,800; Net operating cash flows = $30,800; Net investing cash flows = ($13,800); Net financing cash flows = ____________. Required: Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 33BEB: The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as...
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Question
Each of the following independent situations represents amounts shown on the four basic financial statements.
-
Revenues = $23,800; Expenses = $16,400; Net income = ____________.
-
Increase in
stockholders' equity = $17,000; Issuance of common stock = $11,000; Net income = $10,400; Dividends = ____________. -
Assets = $22,300; Stockholders' equity = $15,000; Liabilities = ____________.
-
Total change in cash = $22,800; Net operating
cash flows = $30,800; Net investing cash flows = ($13,800); 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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