Income Statements Revenue Cost and expenses Net income Balance Sheets Assets Cash Other assets Total assets Liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Year 1 $ $ $ GA $ 905 35 1,930 2,340 1,530 1,565 $ 2,340 Year 2 $ 1,725 (1,085) $ 2,550 $ 3,790 $ 1,530 675 $ Year 3 (2,430) $ 175 2,530 $ 1,030 Year 4 $ 2,945 (2,645) $ 1,890 $ 4,510 $ 2,030 850 2,380 3,790 $ 3,410 $ 3,180 4,510

Income Statements Revenue Cost and expenses Net income Balance Sheets Assets Cash Other assets Total assets Liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Year 1 $ $ $ GA $ 905 35 1,930 2,340 1,530 1,565 $ 2,340 Year 2 $ 1,725 (1,085) $ 2,550 $ 3,790 $ 1,530 675 $ Year 3 (2,430) $ 175 2,530 $ 1,030 Year 4 $ 2,945 (2,645) $ 1,890 $ 4,510 $ 2,030 850 2,380 3,790 $ 3,410 $ 3,180 4,510

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 5CE

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