Question

Zachary Corporation’s December 31, 2010 balance sheet included the following amounts:
Cash ..................... $17,400
Retained earnings ................ 103,600
Revenues .................... $ 673,900
Expenses .................... 587,100
Dividends .................. 34,200
Cash inflow from operating activities ........ $ 857,300
Cash outflow for investing activities ....... (994,500)
Cash inflow from financing activities ........ 156,600
Required:
Calculate the amount of cash and retained earnings at the end of 2011.


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  • CreatedSeptember 22, 2015
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