Each of the following independent situations represents amounts shown on the four basic financial statements. 1. Revenues

Question:

Each of the following independent situations represents amounts shown on the four basic financial statements.
1. Revenues = $25,000; Expenses = $17,000; Net income = __________.
2. Increase in stockholders' equity = $16,000; Issuance of = $10,000; Net income = $11,000; Dividends = ____________.
3. Assets = $23,000; Stockholders' equity = $17,000; Liabilities = ____________.
4. Total change in cash = $24,000; Net operating cash flows = $32,000; Net investing cash flows = ($15,000); Net financing cash flows = ____________.
Required:
Fill in the missing blanks using your knowledge of amounts that appear on the financial statements?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...