Homework Answers
1. Net income
= Revenues - expenses
= $27000 - $18000
= $9000.
2. Net income
= (increase in stock holders equity - issuance of common stock) + Dividends
= ($20000 - $12000) + $5000
= $13000.
3. Stock Holders Equity
= Assets - Liabilities
= $25000 - $13000
= $12000.
4. Net investing cash flows
= Total change in cash - Net operating cash flows - Net financing cash flows
= $28000 - $30000 - $18000
= -$20000.
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rall 2019 O Seved Help Each of the following independent situations represents amounts shown on the four basic fina...
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...
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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 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...
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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....
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Exercise 1-13A Compute missing amounts from financial statements (LO1-3) Each of the following independent situations represents...
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Calculate and fill in the correct amounts for all blanks in the 2019 financial statements of...
Calculate and fill in the correct amounts for all blanks in the 2019 financial statements of Baxter's Bowling Alley. Use your knowledge of the financial statement relationships to verify the accuracy of your statements upon completion Baxter's Bowling Alley Baxter's Bowling Alley Balance Sheet Income Statement As of December 31, 2019 For the Year Ended December 31, 2019 Assets Revenue Sales revenue 175,315 Cash 75,666 Interest revenue 6,600 Accounts receivable 9,370 Total revenue Office supplies 808 Equipment 93,560 Expenses Total...
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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. 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 knowiedge of amounts that appear on the financial statements. 1. Revenues = $24,400; Expenses $16,700; Net income 2. Increase in stockholders' equity $17,000; Issuance of common stock = $11,000; Net income = $10,700; Dividends = 3. Assets = $22700; Stockholders' equity $15,000; Liabilities= 4. Total change in cash $23,400; Net operating cash flows $31,400; Net investing...
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....
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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...
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...
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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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