Homework Answers
Solution 1:
Change in cash for the period = Cash flow from operating activities + Cash flow from investing activities - Cash used in financing activities
= $30,800 + $31,800 - $43,200 = $19,400 increase
Hence last option is correct.
Solution 2:
| Company | Total Revenues | Total Expenses | Net income (Loss) | Total Assets | Total Liabilities | Stockholder's Equity |
| Vanilla Co. | $61,900.00 | $40,950.00 | $20,950.00 | $102,800.00 | $34,900.00 | $67,900.00 |
| Chocolate Inc. | $83,300.00 | $109,500.00 | -$26,200.00 | $133,800.00 | $93,900.00 | $39,900.00 |
| Strawberry Co. | $31,900.00 | $10,950.00 | $20,950.00 | $61,900.00 | $40,950.00 | $20,950.00 |
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6.
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