## Accounting: Tools for Business Decision Making, 5th Edition

a) Total assets at Dec 31, 2011 were \$857,856. Total assets at Dec 31, 2010 were \$857,959. b) The cash on hand Dec 31, 2011 was \$78,612. c) Accounts payable at Dec 31, 2011 was \$10,683. Accounts payable at Dec 31, 2010 was \$9,791. d) Total revenue in 2011 was \$532,505. Total revenue in 2010 was \$521,448. e) Net income (or net earnings) decreased by \$9,125.
a) Total assets are found on the balance sheet. b) The cash balance is found on the statement of cash flow and also on the balance sheet. c) Accounts Payable is a liability found on the balance sheet. d) Revenue is found on the income statement. e) The change in net income is found by comparing the income statements from the 2 years. $53,063-43,938=9,125$