Review figure, and complete the blanks below to show the relationships among the four financial statements for
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Review figure, and complete the blanks below to show the relationships among the four financial statements for Nimmo BrothersCorporation:
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Balance Sheet Statement of Cash Flows Balance Sheet (year ending 12/31/2011) S 275 (200) 330 (12/31/2010) (12/31/2011) S 420 1.300 1.400 S3.120 Cash Cash Cash-Operating Cash-Investing Cash-Financing J in cash Cash-12:31:10 Cash-12:31:11 1.550 Other current assets Long-term assets Total assets Other eurrent assets Long-term assets Total assets 1,600 S 620 Current liabilities Long-term liabilities Contributed capital Retained earnings Total 5 995 1.200 1.200 Current liabilities Long-term liabilities Contributed capital Retained earnings Income Statement 1.000 1.000 (year ending 12/31/2011) $4.200 4,050 Revenue 500 S3.120 Expenses Net income Total Statement of Shareholders' Equity (year ending 12/31/2011) Contributed Retained Earnings Capital 12:31/10 Net income Dividends S1.000 S500 (70) Stock issuance 12:31/11 200
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