Question

show work for each question as necessary, please be neat

1. A list of assets, liabilities and equity can be found on which of the following? A) Balance Sheet B) Income Statement C) Statement of Assets and Liabilities D) Statement of Cash Flows E) Statement of Stockholders' Equity 2. A company's net cash flow will equal its net income A) Almost always B) Rarely C) Occasionally D) Only when the company has no investing cash flow for the period E) Only when the company has no investing or financing cash flow for the period toori2 3. United Airlines' 2016 balance sheet reported the following (in millions) Total Assets Total Liabilities Contributed Capital $40,091 31,485 3,573 What was United Airlines' total liabilities and stockholders' equity at December 31, 2016? A) $36,518 million B) $40,091 million C) $35,058 million D) $8,606 million E) $36,518 million 4. In its 2016 annual report, Kohl's Corporation reported the following (in millions): Total assets Total shareholders' equity Total liabilities $13,574 $ 5,177 $ 8,397 What proportion of Kohl's Corporation is financed by nonowners? A) 61.9% B) 44.2% C) 53.5% D) 77.0% E) None of the above

Answer 1

Ans 1) option a Balance sheet Ans 2)option b Rarely Ans 3) option b $40,091 million As we know Assets= Liabilities + Stockholders Equity Ans 4 ) option a 61.9 % 8397/13574