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income statement
for month ended December 3

Reveues
consulting revenue ($4,200+$1,600)
Rental Revenue
total Reveues

Expenses
Rent expense
salaries expense
Total expenses

Net income

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statement of owner's Equity
For month ended December

C.taylor,capital,December 1 ,2015
Plus : Investments by owner
Net income (from I/S)
Less:withdrawals by owner
C.taylor,capital,December 31 ,2015

Note that I/S denoted to income st

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balance sheet
December 31,2015
Assets
cash $4,800
supplies 9,600
Equipment 26,000

total assets $40,400

 Note that O/E denoted to owner's equity sta
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statement of cash flows
for month ended Decemb
cash flows from operating activities
cash received from clients ($4,200+$1,900)
cash paid for supplies ($2,500+$900)
cash paid for rent
cash paid to employee
net cash provided by operating activities
cash flows from investing activities
purchase of equipment
net cash used by investing activities
cash flows from financing activities
investments by owner
withdrawals by owner
net cash provided by financing activities
net increase in cash
cash balance,December 1,2015
cash balance,December31,2015 (must equal cash o
note that B/S denoted to Balance she

Nokia
income statement(in euro millions)
for year ended December 31,2015
Net sales
cost of sales
Research, selling , adminstrative, financial & other expenses
Taxes
Net income (profit)

fiscal year Return on Assets

Dell
2013 5.20%
2012 8.40%
2011 7.30%
2010 4.80%
2009 9.20%

income stateme
for month ended August

Revenues
 Haircutting services revenue
Expenses
Rent Expense
wages Expense
Total Expenses
Net Income

statement of owner's
for month ended Aug
J.worthy,Capital,August 1*
plus: Investments by owner
Net Income
Less: withdrawals by owner
J.worthy,Capital,August 31

Assets
Cash $2,330
furniture 600
store Equipment 16,200
Total Assets $19,130

statement of cash fl
for month ended Aug
cash flows from operating activities
cash received from customers
cash paid for rent
cash paid for wages
Net cash provided by operating activities
cash flows from investing activities
cash paid for furniture
cash flows from financing activities
cash investments by owner
cash withdrawals by owner
partial repayment of (long-term) note payable
Net cash provided by financing activities
Net increase in cash
cash balance,August 1
Cash balance, August 31
Sales
Net income
Average Total assets
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income statement
for month ended December 31,2015

$4,200+$1,600) $5,800
300
$6,100

1,000
700
1,700

$4,400

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statement of owner's Equity
For month ended December 31,2015

mber 1 ,2015 $0
30,000
4,400 34,400
200
mber 31 ,2015 $34,200

that I/S denoted to income statement

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balance sheet
December 31,2015
liabilities
Accounts payable $6,200
Total Liabilities 6,200

Equity
C.taylor,capital(from O/E) 34,200
Total liabilities and equity $40,400
denoted to owner's equity statement
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statement of cash flows
for month ended December 31,2015
operating activities
lients ($4,200+$1,900) $6,100
s ($2,500+$900) -3,400
-1000
-700
ded by operating activities $1,000
investing activities
-26,000
by investing activities -26,000
financing activities
30,000
-200
by financing activities 29,800
$4,800
ecember 1,2015 0
ber31,2015 (must equal cash on December 31,2015 from B/S) $4,800
t B/S denoted to Balance sheet

Nokia
atement(in euro millions)
nded December 31,2015
12,499
7,046
e, financial & other expenses 3,913
346
1,194

Return on Assets
industry
4.90%
6.90%
6.50%
4.70%
7.20%

Expressions
income statement
for month ended August 31
tting services revenue $1,855

$500
125
625
$1,230

Expressions
statement of owner's Equity
for month ended August 31
Capital,August 1* $0
Investments by owner $18,000
Net Income 1,230 19,230
withdrawals by owner 900
Capital,August 31 $18,330

Expressions
Balancesheet
31-Aug
Liabilities
Note payable $800.00
Equity
J.worthy,Capital 18,330
Total Liabilities and Equity $19,130

Expressions
statement of cash flows
for month ended August 31
operating activities
ustomers $1,855
$1,855
-125
y operating activities $1,230
sting activities
re -600
ncing activities
owner 3000
owner -900
(long-term) note payable -400
y financing activities 1,700
$2,330
0
$2,300
467,997 million
3,338 million
40,501 million