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. Revenues = $27,000: Expenses = $18,000: Net income = _____. Increase in stockholders' equity = $17,000: issuance of common stock = $11,000: Net income = $12,000: Dividends = _____. Assets = $24,000: Stockholders' equity = $15,000: Liabilities = _____. Total change in cash = $26,000: Net operating cash flows = $34,000: Net investing cash flows-($17,000): Net financing cash flows = _______.

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. Revenues = $27,000: Expenses = $18,000: Net income = ___. Increase in stockholders' equity = $17,000: issuance of common stock = $11,000: Net income = $12,000: Dividends = _. Assets = $24,000: Stockholders' equity = $15,000: Liabilities = _. Total change in cash = $26,000: Net operating cash flows = $34,000: Net investing cash flows-($17,000): Net financing cash flows = _____.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 33BEB: The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as...

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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 flows = ____________. Required: Fill in the missing blanks using your knowledge of amounts that appear on the financial statements.
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