Homework Answers
1.
| Cash received from additional shares | $ 1,200 |
| Repayment of debt | $ (1,790) |
| Payment of dividends | $ (1,480) |
| Cash flow from financing activities | $ (2,070) |
Answer is A. $2,070 Outflow
2.
| Cash ($4,400+2,900+3,800-2,540-540) | $ 8,020 |
| Total assets | $ 8,020 |
Answer is A. $8,020
3.
| Revenues | $ 3,800 |
| Less: Expenses | $ (2,540) |
| Less: Dividends | $ (540) |
| Retained earnings balance | $ 720 |
Answer is B. $720
4.
| Borrowings in year 1 | $ 2,900 |
| Less: Repayment in year 2 | $ (1,790) |
| Liabilities | $ 1,110 |
Answer is D. $1,110
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