Question: Consider each of the following independent situations a The retained earnings

Consider each of the following independent situations.
(a) The retained earnings statement of Hollis Corporation shows dividends of $68,000, while net income for the year was $75,000.
(b) The statement of cash flows for Zhiang Corporation shows that cash provided by operating activities was $10,000, cash used in investing activities was $110,000, and cash provided by financing activities was $130,000.

For each company provide a brief discussion interpreting these financial facts. For example, you might discuss the company’s financial health or its apparent growth philosophy.

Sale on SolutionInn
  • CreatedApril 21, 2012
  • Files Included
Post your question