Question 5 (of ) Save & 2.00 points Each of the following independent situations

ID: 2336971 • Letter: Q

Question

Question 5 (of ) Save & 2.00 points Each of the following independent situations represents amounts shown on the four basic financial statements. Fill n 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; Liablities 4. Total change in cash -$25,600; Net operating cash flows $33,600; Net investing cash flows ($16.600): Net financing cash tows Expenses Net Income 26,600 17.800S 800 2. in Stockholders' Equity issue Common Stock-Net Income + Dividends 15.000rs 12,000 11,800 3,800 s 7,800+ $ 16,000 4.otal Change n Cast. Operating Cash Flows + Investing Cash Flows . Financing Cash Flows 5,600 s 33,600 12 21

Explanation / Answer

Answer:

Revenues = $26,600: Expenses = $17,800: Net income = _$8800_.

Increase in stockholders' equity = $15,000: issuance of common stock = $12,000: Net income = $11,800: Dividends = __8800___.

Increase in stockholder's equity = Issuance of CS + net income - Dividend

15000 = 12000 + 11800- Dividend

= - 8800 ( balancing figure )

Assets = $23,800: Stockholders' equity = $16,000: Liabilities = 7800_.

Total change in cash = $25,600: Net operating cash flows = $33,600: Net investing cash flows-($16,600): Net financing cash flows

25600=33600-16600+28600

Revenues

Expenses

Net income

26600

17800

8800

Change in stockholder's equity = Issuance of CS + net income - Dividend

15000

12000

11800

-8800

Assets

Liabilities

Stockholder's equity

23800

7800

16000

Total change in cash = Net OCF + Net ICF + Net FCF

25600

13600

-16600

28600