Question

Each of the following independent situations represents amounts shown on the four basic financial statements.
1. Revenues = $31,500; Expenses = $19,600; Net income = ____________.
2. Increase in stockholders’ equity = $20,400; Issuance of common stock = $12,000; Net income = $14,300; Dividends = ____________.
3. Assets = $27,200; Stockholders’ equity = $15,200; Liabilities = ____________.
4. Total change in cash = $11,000; Net operating cash flows = $25,000; Net investing cash flows = ($22,000); Net financing cash flows = ____________.

Required:
Fill in the missing blanks using your knowledge of amounts that appear on the financial statements.



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  • CreatedJuly 15, 2014
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