Question

Revenues = $25,800; Expenses = $17,400; Net income = ____________. 2. Increase in stockholders' equity = $17,000; Issuance of common stock = $11,000; Net income = $11,400; Dividends = ____________. 3. Assets = $23,400; Stockholders' equity = $15,000; Liabilities = ____________. 4. Total change in cash = $24,800; Net operating cash flows = $32,800; Net investing cash flows = ($15,800); Net financing cash flows = ____________.

Answer 1

Answer:

Net income is $8400

Dividends is $2400

Liabilities is $8400

Financing cash flows is $7800

Explanation:

Net income =Revenues -Expenses

Net income=$25800-$17400

Net income=$8400

Increase in stockholder's equity=Issuance of stock+Net income-Dividends

Assume dividends is d

$17000=$11000+$8400-d

d=$11000+$8400-$17000

d=$2400

Assets =Stockholders' equity+liabilities

Assume liabilities is l

$23400=$15000+l

l=$23400-$15000

l=$8400

Total change in cash=Operating cash flows+investing+financing cash flows

let f be financing cash flows

$24800=$32800-$15800+f

f=$24800+$15800-$32800

f=$7800