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Did the companys dividends exceed its net income

Assignment Help Financial Accounting
Reference no: EM13881496

Refer PA 1-1

Accounts Payable... $ 32,100

Accounts Receivable... 9,550

Cash... 13,300

Common Stock... 59,090

Dividends... 1,950

Equipment... 86,000

Notes Payable... 1,160

Operating Expenses... 58,700

Other Expenses... 7,850

Sales Revenue... 90,000

Supplies... 5,000

Required:

1. Is the company financed mainly by creditors or stockholders? Which financial statement indicates this?

2. By how much did cash increase (decrease)? Which financial statement would report the reasons for this change in cash?

3. Was the company profitable? Which financial statement indicates this?

4. Did the company's dividends exceed its net income? Which financial statement indicates this?

Reference no: EM13881496

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