Each of the following independent situations represents amounts shown on the four basic financial statements. Revenues = $23,800; Expenses = $16,400; Net income = ____________.Increase in stockholders' equity = $17,000; Issuance of common stock = $11,000; Net income = $10,400; Dividends = ____________.Assets = $22,300; Stockholders' equity = $15,000; Liabilities = ____________.Total change in cash = $22,800; Net operating cash flows = $30,800; Net investing cash flows = ($13,800); Net financing cash flows = ____________. Required:Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements.

The cash flow statement indicates the total cash generated or used by the business during the year,…

Answered: Each of the following independent…

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 17E

Related questions

Question

Each of the following independent situations represents amounts shown on the four basic financial statements.

Revenues = $23,800; Expenses = $16,400; Net income = ____________.
Increase in stockholders' equity = $17,000; Issuance of common stock = $11,000; Net income = $10,400; Dividends = ____________.
Assets = $22,300; Stockholders' equity = $15,000; Liabilities = ____________.
Total change in cash = $22,800; Net operating cash flows = $30,800; Net investing cash flows = ($13,800); Net financing cash flows = ____________.