Homework Answers
Solution:
| 1 | Revenue - Expenses = Net Income | ||||||
| 24400 | - | 16700 | = | 7700 | |||
| 2 | Change in Stockholders Equity = Issue common stock + net income- dividend | ||||||
| 17000 | = | 11000 | + | 10700 | - | 4700 | |
| 3 | Assets = Liabilities + Stockholders' Equity | ||||||
| 22700 | = | 7700 | + | 15000 | |||
| 4 | Total change in Cash = Operating cash flow+Investing cashflow +financing cash flow | ||||||
| 23400 | = | 31400 | + | -14400 | + | 6400 | |
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Each of the following independent situations represents amounts shown on the four basic financial statements. Fill...
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill...
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 1. Revenues = $24,000; Expenses = $16,500; Net income 2. Increase in stockholders' equity = $16,000; Issuance of common stock = $10,000; Net income = $10,500; Dividends = 3. Assets = $22.400, Stockholders' equity = $17,000; Liabilities = 4. Total change in cash - $23,000; Net operating...
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill...
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements 1. Revenues = $26,600; Expenses = $17,800, Net income 2. Increase in stockholders' equity - $15,000; Issuance of common stock $12,000; Net Income = $11,800; Dividends = 3. Assets - $23,800; Stockholders' equity - $16,000; Liabilities = 4. Total change in cash = $25,600; Net operating cash...
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill...
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 1. Revenues = $24,200; Expenses = $16,600; Net income = 2. Increase in stockholders' equity = $15,000; Issuance of common stock = $12,000; Net income = $10,600; Dividends = 3. Assets = $22,500, Stockholders' equity = $16,000; Liabilities = 4. Total change in cash = $23,200; Net...
Each of the following independent situations represents amounts shown on the four basic financial statements. Calculate...
Each of the following independent situations represents amounts shown on the four basic financial statements. Calculate the amounts for each situation that appear on the financial statements. (Negative amounts should be indicated by a minus sign.) 1. Revenues = $30,300; Expenses = $13,400; Net income = Increase in stockholders' equity = $21,000: Issuance of common stock S7.000: Dividends = $4.900: Net income= 2. 3. Assets $16,000; Liabilities = $9,900; Stockholders' equity = Total change in cash= +$25,000; Net operating cash...
Compu amount stateme E1-13 Each of the following independent situations represents amounts shown on the four...
Compu amount stateme E1-13 Each of the following independent situations represents amounts shown on the four basic financial statements. 1. Revenues = $27,000; Expenses = $18,000; Net income = 2. Increase in stockholders' equity = $17,000, Issuance of common stock = $11,000; Net income = $12,000; Dividends = __ 3. Assets = $24,000; Stockholders' equity = $15,000; Liabilities 4. Total change in cash = $26,000; Net operating cash flows - $34,000; Net investing cash flows = ($17,000); Net financing cash...
fill out chart with information provided thankyou Each of the following independent situations represents amounts shown...
fill out chart with information provided
thankyou
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 1. Revenues = $26,000; Expenses = $17,500; Net income = 2. Increase in stockholders' equity = $15,000; Issuance of common stock = $12,000; Net income = $11,500; Dividends = 3. Assets = $23,500; Stockholders' equity = $16,000; Liabilities = 4....
rall 2019 O Seved Help Each of the following independent situations represents amounts shown on the four basic fina...
rall 2019 O Seved Help Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the missing blanks using your knowledge of amounts that appear on the financial statements. (Negative amounts should be indicated by a minus sign.) 1. Revenues $27.000; Expenses = $18,000; Net income Increase in stockholders' equity = $20,000; Issuance of common stock $12,000: Dividends = $5,000; Net income = Assets $25,000; Liabilities = $13,000: Stockholders' equity = Total change...
Exercise 1-13A Compute missing amounts from financial statements (LO1-3) Each of the following independent situations represents...
Exercise 1-13A Compute missing amounts from financial statements (LO1-3) Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 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...
Using the following table and the equations underlying each of the four basic financial statements, show...
Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated, what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from...
Using the following table and the equations underlying each of the four basic financial statements, show...
Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated. (what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from...
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 1. Revenues = $24,000; Expenses = $16,500; Net income 2. Increase in stockholders' equity = $16,000; Issuance of common stock = $10,000; Net income = $10,500; Dividends = 3. Assets = $22.400, Stockholders' equity = $17,000; Liabilities = 4. Total change in cash - $23,000; Net operating...
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements 1. Revenues = $26,600; Expenses = $17,800, Net income 2. Increase in stockholders' equity - $15,000; Issuance of common stock $12,000; Net Income = $11,800; Dividends = 3. Assets - $23,800; Stockholders' equity - $16,000; Liabilities = 4. Total change in cash = $25,600; Net operating cash...
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 1. Revenues = $24,200; Expenses = $16,600; Net income = 2. Increase in stockholders' equity = $15,000; Issuance of common stock = $12,000; Net income = $10,600; Dividends = 3. Assets = $22,500, Stockholders' equity = $16,000; Liabilities = 4. Total change in cash = $23,200; Net...
Each of the following independent situations represents amounts shown on the four basic financial statements. Calculate the amounts for each situation that appear on the financial statements. (Negative amounts should be indicated by a minus sign.) 1. Revenues = $30,300; Expenses = $13,400; Net income = Increase in stockholders' equity = $21,000: Issuance of common stock S7.000: Dividends = $4.900: Net income= 2. 3. Assets $16,000; Liabilities = $9,900; Stockholders' equity = Total change in cash= +$25,000; Net operating cash...
Compu amount stateme E1-13 Each of the following independent situations represents amounts shown on the four basic financial statements. 1. Revenues = $27,000; Expenses = $18,000; Net income = 2. Increase in stockholders' equity = $17,000, Issuance of common stock = $11,000; Net income = $12,000; Dividends = __ 3. Assets = $24,000; Stockholders' equity = $15,000; Liabilities 4. Total change in cash = $26,000; Net operating cash flows - $34,000; Net investing cash flows = ($17,000); Net financing cash...
fill out chart with information provided
thankyou
Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 1. Revenues = $26,000; Expenses = $17,500; Net income = 2. Increase in stockholders' equity = $15,000; Issuance of common stock = $12,000; Net income = $11,500; Dividends = 3. Assets = $23,500; Stockholders' equity = $16,000; Liabilities = 4....
rall 2019 O Seved Help Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the missing blanks using your knowledge of amounts that appear on the financial statements. (Negative amounts should be indicated by a minus sign.) 1. Revenues $27.000; Expenses = $18,000; Net income Increase in stockholders' equity = $20,000; Issuance of common stock $12,000: Dividends = $5,000; Net income = Assets $25,000; Liabilities = $13,000: Stockholders' equity = Total change...
Exercise 1-13A Compute missing amounts from financial statements (LO1-3) Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 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...
Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated, what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from...
Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated. (what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from...
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