Question: Assume on a balance sheet, the raw data shows a firm's total assets are $10,000, the firm's total liabilities are $10,000, and the firm's retained

Assume on a balance sheet, the raw data shows a firm's "total assets" are $10,000, the firm's "total liabilities" are $10,000, and the firm's "retained earnings" are $0. Based on how we've used it in class on the CFS, what would you expect the value of the "contributed capital" to be for the period? a) Cannot determine with the provided information b) $2,000 c) $10,000 d) $0 e) $5,000 f) $2,000 g) $5,000 How much would you expect the "Change in Cash Position" on the statement of cash flows to change due to a $1255 increase in depreciation expense (and assuming no other exogenous variables changed)? a) change in cash position is not on statement of cash flows b) about +$627.50 c) $0 d) about $1,255 e) cannot determine with the provided information f) just under $1255 g) just over +$627.50
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