liquidity and profitability b consistency and profitability c liquidity and

Liquidity and profitability b consistency and

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a. liquidity and profitabilityb. consistency and profitability c. liquidity and solvencyd. consistency and solvency15. at December 31, 2010 Keen Company had retained earnings of $1,092,000. During 2010, they issued stock for $49,000 and paid dividends of $17,000. Net Income for 2010 was $201,000. The retained earnings balance at the beginning of 2010 was
16. Elton Company compiled the following financial information as of December 31, 2010.Revenues $140,000Common Stock $30,000Equipment $40,000Expenses $125,000Cash $35,000Dividends $10,000Supplies $5000Accounts Payable $20,000Accounts Receivable $15,000Retained Earnings 1/1/10 $75,000Elton’s retained earnings on December 31, 2010 are 17. The primary purpose of the statement of cash flows is to report18.Stockholders’ equity is comprised of a. common stock and dividendsb. common stock and retained earningsc. dividends and retained earningsd. net income and retained earnings19. If total liabilities decreased by $15,000 and stockholders’ equity increased by $5000 during the period of time, then total assets must change by what amount and direction during that same period, then total assets must change by what amount and direction during that same period. 20. The company’s policy towards dividends and growth could best be determined by examining the 21. Collection of a $600 Accounts Receivable

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