The following information is available for Santiago Inc.: ..............................................................Dec. 31, 2013 .................. Dec. 31, 2012 Cash .
Question:
The following information is available for Santiago Inc.:
..............................................................Dec. 31, 2013 .................. Dec. 31, 2012
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 141,000 ......................... $ 97,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . 665,000 ............................ 543,000
Cash from operating activities . . . . . . . . . . . . . . . . . . . . . . . ?
Cash from investing activities . . . . . . . . . . . . . . . . . . (483,000)
Cash from financing activities . . . . . . . . . . . . . . . . . . (287,000)
Dividends declared and paid . . . . . . . . . . . . . . . . . . . . . 47,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Compute the following for 2013:
1. Net income
2. Cash from operating activities?
Step by Step Answer:
1 Dec 31 Retained earnings Jan 1 Retained earnings Net income Dividend...View the full answer
