Nippon Technology Balance Sheet As of December 31, 2017 (amounts in thousands) C

Question

Nippon Technology Balance Sheet As of December 31, 2017 (amounts in thousands) Cash Other Assets Total Assets 37,000 Liabilities 39,000 Equity 76,000 Total Liabilities & Equity 24,000 52,000 76,000 Nippon Technology Income Statement January 1 to March 31, 2018 (amounts in thousands) Revenue Expenses Net Income 5,800 3,400 2,400 Between January 1 and March 31 , 2018: 1. Other Assets increase by $300,000 2. Liabilities decrease by $200,000 3. Paid-In Capital does not change 4. Dividends paid of $100,000 What is the value for Cash on March 31, 2018

Explanation / Answer

Nippon Technology (amounts in thousands) Net Income $    2,400 Other assets increases by $      -300 Liabilities decreases by $      -200 Dividend Paid $      -100 Net Cash flow $    1,800 Cash at December 31, 2017 $ 37,000 Cash on March 31, 2018 $ 38,800

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