Complete the following financial statement articulation exercises. a. If net income

Complete the following financial statement articulation exercises.
a. If net income is $40,000 and comprehensive income is $32,000, what is other comprehensive income (loss)?
b. If ending retained earnings are $76,000, beginning retained earnings are $42,000, and net income is $40,000, what is the amount of dividends declared?
c. If ending retained earnings are $34,000, beginning retained earnings are $42,000, and dividends declared are $3,000, what is net income (loss)?
d. If ending retained earnings is $76,000, net income is $40,000, and dividends declared are $10,000, what is the amount of beginning retained earnings?
e. If the beginning balance of cash was $96,000and the ending balance of cash is $128,000, what is the net change in cash?
f. If the beginning balance of cash was $128, 000 and ending balance of cash is $96,000, what is the net change in cash?

Members

  • Access to 2 Million+ Textbook solutions
  • Ask any question from 24/7 available
    Tutors
$9.99
VIEW SOLUTION

OR

Non-Members

Get help from Accounting Tutors
Ask questions directly from Qualified Online Accounting Tutors .
Best for online homework assistance.