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Did the companys dividends exceed its net income

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Reference no: EM13881254

Refer to CP1-1

Accounts Payable... $ 30,000

Accounts Receivable... 59,500

Cash... 12,000

Common Stock... 62,280

Dividends... 200

Equipment... 36,000

Notes Payable... 1,470

Operating Expenses... 57,200

Other Expenses... 8,850

Sales Revenue... 88,000

Supplies... 8,000

Required:

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

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

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

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

Reference no: EM13881254

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