Question

Flurry, Inc., is expanding into China. The company must decide where to locate and how to finance the expansion. Identify the financial statement where these decision makers can find the following information about Flurry, Inc. In some cases, more than one statement will report the needed data.(a) Revenue(b) Dividends(c) Ending cash balance(d) Total assets(e) Selling, general and administrative expenses(f) Adjustments to reconcil net income to net cash provided by operation(g) Cash spend to acquire the building(h) Current liabilities(i) Income tax expenses(j) Net income(k) Common stock(l) Ending balance of retained earnings(m) Income tax payable(n) Long-term debt

Answer 1

Answer Explanation:

(a) Income Statement

(b) Retained Earnings Statements

(c) Cash Flow statemennt or Balance sheet

(d) Balance sheet

(e) income statement

(f) cash flow if Flurry uses indirect method

(g) cash flow statement, investing activities

(h) balance sheet

(i) income statement

(j) income statement or retained earnings statement

(k) balance sheet

(l) retained earnings statemnt or balance sheet

(m) balance sheet

(n) balance sheet