Following are the balance sheets for Batelan Corporation for the fiscal years 2014 and 2015. In the

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Following are the balance sheets for Batelan Corporation for the fiscal years 2014 and 2015. In the column to the right of the balance sheet amounts, indicate whether the change in the account balance represents a source or a use of cash for the firm. Place a (+) in the space provided to indicate a source of funds, a (–) to indicate a use of funds, or a (0) if the effect cannot be determined with the information provided.


Following are the balance sheets for Batelan Corporation for the


From these balance sheets, can you tell whether Batelan generated a positive or negative net income during 2015? Can you tell whether dividends were paid?Explain.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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