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Balance SheetDec 31, 2024
| Assets | |
| Cash | 10,000 |
| Non-Cash Assets | 25,000 |
| Total Assets | 35,000 |
| Liabilities & Equity | |
| Liabilities | 15,000 |
| Contributed Capital | 10,000 |
| Retained Earnings | 10,000 |
| Total L & E | 35,000 |
Statement of Cash Flows2025
| Operating Cash Flows | ? (Q1) |
| Investing Cash Flows | (25,000) |
| Financing Cash Flows | 30,000 |
Balance SheetDec 31, 2025
| Assets | |
| Cash | 30,000 |
| Non-Cash Assets | 35,000 |
| Total Assets | 65,000 |
| Liabilities & Equity | |
| Liabilities | 25,000 |
| Contributed Capital | ? (Q3) |
| Retained Earnings | ? (Q4) |
| Total L & E | ? |
Additional Info (2025):
- Revenue: $50,000, Expenses: $30,000
- Stock Issued: $15,000
Version 1: Student Analysis
End Cash - Beg Cash = Net Change. Solve for Operating.
Key: 15,000
End RE = Beg RE + NI - Div. (NI = Rev - Exp).
Key: 15,000
Beg CC + Stock Issued.
Key: 25,000
Assets = Liab + CC + RE. Solve for RE.
Key: 15,000
Beg. Balance Sheet (From Version 1)Jan 1, 2026
| Cash | 30,000 |
| Non-Cash Assets | 35,000 |
| Total Assets | 65,000 |
| Liabilities | 25,000 |
| Contr. Capital | 25,000 |
| Ret. Earnings | 15,000 |
| Total L & E | 65,000 |
Statement of Cash Flows2026
| Operating Cash Flows | 25,000 |
| Investing Cash Flows | (10,000) |
| Financing Cash Flows | 0 |
| (Net of Div Paid & Stock Issued) | |
Balance SheetDec 31, 2026
| Assets | |
| Cash | ? (Q3) |
| Non-Cash Assets | 45,000 |
| Total Assets | ? |
| Liabilities & Equity | |
| Liabilities | ? (Q4) |
| Contributed Capital | ? |
| Retained Earnings | ? (Q2) |
| Total L & E | ? |
Additional Info (2026):
- Revenue: $70,000, Expenses: $50,000
- Paid Dividends: $5,000
- Issued Common Stock: $5,000
Version 2: Intermediate Analysis
Statement of Stockholders' Equity (2026)
Use this to track equity changes. The results will help update the Balance Sheet.
| Transaction | Contr. Capital | Retained Earn. |
|---|---|---|
| Beg. Balance (Jan 1) | 25,000 | 15,000 |
| Plus: Stock Issued |
Key: 5,000
|
- |
| Plus: Net Income | - |
Key: 20,000
|
| Less: Dividends | - |
Key: 5,000
|
| Ending Balance | --- | --- |
Revenue - Expenses.
Key: 20,000
Check your Stockholders' Equity table above.
Key: 30,000
Beg Cash (30k) + Ops + Inv + Fin. (Note: Fin CF is 0 because +5k stock cancels -5k div).
Key: 45,000
Assets = Liab + Equity. 1) Find Total Assets. 2) Find Total Equity (CC + RE). 3) Solve for Liab.
Key: 30,000
Beg. Balance Sheet (From Version 2)Jan 1, 2027
| Cash | ? (Q4) |
| Non-Cash Assets | 45,000 |
| Liabilities | 30,000 |
| Contr. Capital | 30,000 |
| Ret. Earnings | 30,000 |
Statement of Cash Flows2027
| Operating Cash Flows | 45,000 |
| Investing Cash Flows | ? (Q3) |
| Financing Cash Flows | 5,000 |
Ending Balance Sheet
Dec 31, 2027
| Assets | |
| Cash | 60,000 |
| Non-Cash Assets | 80,000 |
| Total Assets | 140,000 |
| Liabilities & Equity | |
| Liabilities | 50,000 |
| Contributed Capital | 45,000 |
| Retained Earnings | 45,000 |
| Total L & E | 140,000 |
Activity Info (2027):
- Dividends Paid: $10,000
- Financing CF includes Stock Issued and Dividends.
- Note: You have the Ending balances. Solve for the missing activity that got us there!
Version 3: The Audit (2027)
Detective Mode: Work backwards from the Ending Balance Sheet.
Harder
End CC (45k) - Beg CC (30k) = Change.
Key: 15,000
Rearrange the formula: End RE = Beg RE + NI - Div.
So, NI = End RE - Beg RE + Div.
So, NI = End RE - Beg RE + Div.
Key: 25,000
Look at Non-Cash Assets. Did they go up or down? Buying assets uses cash (negative).
Change = End (80k) - Beg (45k).
Change = End (80k) - Beg (45k).
Use () for neg
Key: (35,000)
Work backwards from Ending Cash (60k).
End Cash - (Ops + Inv + Fin) = Beg Cash.
End Cash - (Ops + Inv + Fin) = Beg Cash.
Key: 45,000
Instructor Answer Key Summary
Version 1 Answers:
- (1) Operating CF: 15,000 (Change in Cash 20k = Ops + 5k Net Inv/Fin)
- (2) Dividends: 15,000 (NI 20k + Beg RE 10k - End RE 15k)
- (3) End CC: 25,000 (Beg 10k + Issued 15k)
- (4) End RE: 15,000 (Assets 65k - Liab 25k - CC 25k)