Shows the proportion of the companys assets that is finances through

Shows the proportion of the companys assets that is

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Net income = Revenues - Expenses AKA earnings statement | Reflects company's profitability (ability to generate income) for a stated period of time .
• (2) The company declared and paid dividends of USD 1,000. Then, Metro’s statement of retained earnings for August would be:
Assets = Liabilities (debt) and (+) Stockholders E Cash $15,500.00 Liabilities: Accounts Receivable (AR) $700.00 Accounts Payable (AP) Trucks $20,000.00 Notes Payable Office Equipment $2,500.00 Total Liabilities: Stockholder's Equity: Capital Stock Retained Earnings Total Stockholder Equity: Total Assets $38,700.00 Total liabilities and stockholders equity: METRO Courior, Inc. Balance Sheet (aka statement of financial position) 7/31/2010
Equity < Basic accounting equation $600.00 $6,000.00 $6,600.00 $30,000.00 $2,100.00 $32,100.00 $38,700.00 Balance Sheet (aka Statement of financial position): Reflects a company's solvency (ability to pay debts) and financial position. | Reports, as of a certain point in time Equity Ratio = Stockholders Equity / Total Equities
Cash flows from operating activities: Net income………………….. $2,100.00 Adjustments to reconcile net income to net cash provided by opera Increase in accounts receivable…………. -$700.00 Increamse in accounts payable………….. $600.00 Net cash provided by operating activities…. Cash flows from investing activities: -$600.00 Purchase of trucks………………………………… -$20,000.00 Purchase of office equipment……………………. -$2,500.00 Net cash used by investing activities………….

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