Hooper co. income statement For the year ended Dec 31, 2018<\/p>\n
Revenue from operations 90,000<\/p>\n
Total operating income $90,000<\/p>\n
Less: Operating expenses 26,000 Salaries 900 Provision for doubtful debts 26,900<\/p>\n
Total operating expenses $26,900<\/p>\n
Net operating income $63,100<\/p>\n
Add: Non-operating income 100<\/p>\n
Net income $63,200<\/p>\n
Hooper company balance sheet as at Dec 31,2018 <\/p>\n
Assets<\/p>\n
Cash 90,000<\/p>\n
Notes receivable 20,000<\/p>\n
Accounts receivables 12,000 Less: Provision for doubtful debts 900 11,100<\/p>\n
Accrued interests 100<\/p>\n
Total assets 121,200<\/p>\n
Liabilities<\/p>\n
Shareholder\u2019s equity Common stock 60,000<\/p>\n
Retained earnings Opening Add: Net income 63,200 Less: Dividend 2,000 61,200<\/p>\n
Total stakeholders equity 121,200<\/p>\n
Total liabilities and stakeholder\u2019s equity 121,200<\/p>\n
Hooper co. Cash flow statement for the year ended Dec 31,2018<\/p>\n
Cash flow from operating activities<\/p>\n
Inflows from customers 78,000 Outflows for expenses (26,000) Net cash-flows from investing activities $52,000<\/p>\n
Cash flow from investing activities<\/p>\n
Loaned to mosby co. (20,000) Net cash flow from investing activities $20,000<\/p>\n
Cash flow from financing activities<\/p>\n
Issue of common stock 60,000 Dividend paid (2,000) Net cash flow from financing activities $58,000<\/p>\n
Net change in cash 90,000<\/p>\n
Beginning cash (Add) Ending cash balance $90,000<\/p>\n","protected":false},"excerpt":{"rendered":"
Hooper co. income statement For the year ended Dec 31, 2018 Revenue from operations 90,000 Total operating income $90,000 Less:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-34202","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n