ezto.mheducation.com Dashboard Final Exam connect ACCOUNTING inal Exam The follo

Question

ezto.mheducation.com Dashboard Final Exam connect ACCOUNTING inal Exam The following information applies to the questions displayed below) Assume that you are the president of APEC Aerospace Corporation. At the end of the first year of operations December 310, the following financial data for the company are avallable: $34,630 1,000 15,400 11,500 1,800 94,000 53,470 75,000 9.600 117,700 Accounts Payable Cash Common Stock Notes Payable Other Expenses Sales Revenue 1. 4.00 points 1-a. Is the company financed mainly by creditors or stockholders? O Creditors Stockholders 1-b. Which financial statement indicates this? Income Statement Statement of Retained Eamings O Balance Sheet MacBook Air

Explanation / Answer

3a) The cash will decrease by $45300

3b) statement of cash flows

From the financial data see all the items that will have an effect on the cash flow statement. Cash inflow Cash outflow Cash 15400 common stock 11500 Dividends 1800 Equipment 94000 operating expenses 74000 other expenses 9600 sales revenue 117700 supplies 10500 Net change in cash -45300

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