Question

Each of the following independent situations represents amounts shown on the four basic financial statements.
1. Revenues = $27,000; Expenses = $18,000; Net income = ____________ .
2. Increase in stockholders’ equity = $17,000; Issuance of common stock = $11,000; Net income = $12,000; Dividends = ____________ .
3. Assets = $24,000; Stockholders’ equity = $15,000; Liabilities = ____________ .
4. Total change in cash = $26,000; Net operating cash flows = $34,000; Net investing cash flows = ($17,000); 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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