What is total amount of cash paid for operating activities

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Reference no: EM132637725

Questions -

Q1. Stimpleton Company engages in the following cash payments:

Purchase equipment $ 3,950

Pay rent 650

Repay loan to the bank 5,900

Pay workers' salaries 850

What is the total amount of cash paid for operating activities?

Q2. Emmitt had the following final balances after the first year of operations: assets, $35,100; stockholders' equity, $14,700; dividends, $2,800; and net income, $9,700. What is the amount of Emmitt's liabilities?

Q3. On January 1, Gucci Brothers Inc. started the year with a $708,000 balance in Retained Earnings and a $598,000 balance in common stock. During the year, the company reported net income of $91,000, paid a dividend of $14,000, and issued more common stock for $25,000. What is total stockholders' equity at the end of the year?

Reference no: EM132637725

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