Homework Answers
The answers are:
| 1 | 16,900 |
| 2 | 18,900 |
| 3 | 6,100 |
| 4 | - 14,500 |
Explanation: (1): Net income = revenue - expenses = 30,300-13,400 = 16,900
(2): Let net income be "x". Thus 7000+x - 4900 = 21000
or x = 18,900
(3): Assets - liabilities = equity
= 16000-9900
= 6,100
(4): Total change in cash = cash from operations + cash from investing activities + cash from financing activities
Thus 25,000 = 29,000 + 10,500 + cash from financing activities
or cash from financing activities = -14,500
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fill out chart with information provided
thankyou
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fill out chart with information provided
thankyou
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