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Ch 1 - 8B - the liabilities exceed the dividends/equity c...

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Joseph Cronyn 1. Determine the missing amounts denoted by the letters. a. $12,822 b. $1,396 c. $1,396 d. $4,043 e. $1,086 f. $8,613 g. $4,043 h. $13,026 i. $4 j. $1,086 k. $13,176 l. $322 m. $599 n. $4,043 o. $599 p. $4,577 q. $1,086 r. $10,534 s. $13,217 t. $5,706 u. $4,577 v. $4,873 w. $13,217 x. $986
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y. $1,086 z. $1,421 2. Use McConnell’s financial statements to answer these questions. a. Operations deteriorated during 20X5. More cash was made in 20X5 than 20X4 but the net income of 20X5 was less than half of that from 20X4. Less total revenue was also made in 20X5 compared to 20X4. b. The company is retaining most of its income in the company as can be seen in how
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Unformatted text preview: the liabilities exceed the dividends/equity. c. The company has $13,217 in total Assets. d. In 20X4, the company owed $8,613; at the end of 20X5, the company owed $8,344. This trend is a good trend with compared to the Asset trend because assets are increasing and liabilities are decreasing. e. The company’s main source of cash is cash provided by operating activities and is increasing. The company’s ability to generate cash is good seeing as how over one year there is an increase in cash flow....
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