Use the starting balance sheet, income statement, and the list of changes to answer the question.
Ruston Company Balance Sheet As of December 31, 2018 (amounts in thousands) |
|||
---|---|---|---|
Cash | 21,000 | Liabilities | 25,000 |
Other Assets | 31,000 | Equity | 27,000 |
Total Assets | 52,000 | Total Liabilities & Equity | 52,000 |
Ruston Company Income Statement January 1 to March 31, 2019 (amounts in thousands) |
|
---|---|
Revenue | 3,100 |
Expenses | 4,400 |
Net Income | -1,300 |
Between January 1 and March 31, 2019:
1. Other Assets decrease by $200,000
2. Liabilities increase by $300,000
3. Paid-In Capital does not change
4. Dividends paid of $100,000
What is the value for Cash on March 31, 2019?
Please specify your answer in the same units as the financial statements.
Please Comment for any queries... Thank you!!!
Use the starting balance sheet, income statement, and the list of changes to answer the question....
Use the starting balance sheet, income statement, and the list of changes to answer the question. Torche Corporation Balance Sheet As of December 31, 2018 (amounts in thousands) Cash 30,000 Liabilities 33,000 Other Assets 24,000 Equity 21,000 Total Assets 54,000 Total Liabilities & Equity 54,000 Torche Corporation Income Statement January 1 to March 31, 2019 (amounts in thousands) Revenue 4,900 Expenses 3,600 Net Income 1,300 Between January 1 and March 31, 2019: 1. Cash increases by $100,000 2. Liabilities increase...
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Use the starting balance sheet
and statement of cash flows to answer the question. Valley
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