Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. recent financial statements show that a firm had $

Recent financial statements show that a firm had $100,000 in net income this year which...

70.2K

Verified Solution

Question

Finance

Recent financial statements show that a firm had $100,000 in net income this year which resulted in $40,000 being added to retained earnings this year. The current equity balance shows $300,000 while last year's equity balance showed $200,000. Total assets for the firm this year was $800,000 this year and $600,000 last year. What was their CF to shareholders? (2)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

5. A driver encounters two traffic lights on the way to work each morning. Each light...

Statistics
Q

Let A, B, and C be independent random variables, uniformly distributed over [0,6],[0,11], and [0,2] respectively....

Basic Math
Q

what is the function of gene To perform vital tasks in cell, like transporting ions To contain...

Biology
Q

Stances that include stable or unstable equilibrium.Describe five stances used in sports and the reason for...

Mechanical Engineering
Q

A sphere encloses an electric dipole with charges 3 x 10 6 C What is...

Physics
Q

DETAILS Write the trigonometric expression in terms of sine and cosine and then simplify tan...

Basic Math
Q

Explain the difference between perpetual and periodic inventory systems. What types of businesses would use...

Accounting
Q

Georgia has graduated now and has decided to repay on her debts so she can...

Accounting
Q

Direct Method Eilers Company has two producing departments and two support departments. The following budgeted...

Accounting
Q

You have the choice receiving anyone of the following three alternative series of payments: a)...

Finance
Q

1) The AUAuto company is a highly respected auto manufacturing firm which is famous for...

Finance
Q

The Mission of College USA is to become the premier provider of high-quality online, graduate...

Accounting