Nippon Technology Balance Sheet
As of December 31, 2019
(amounts in thousands)
Cash 37,000 Liabilities 24,000
Other Assets 39,000 Equity 52,000
Total Assets 76,000 Total Liabilities & Equity 76,000
Nippon Technology
Income Statement
January 1 to March 31, 2020
(amounts in thousands)
Revenue 5,800
Expenses 3,400
Net Income 2,400
Between January 1 and March 31 , 2018:
1. Other Assets increase by $300,000
2. Liabilities decrease by $200,000
3. Paid-In Capital does not change
4. Dividends paid of $100,000
What is the value for Cash on March 31, 2018?

Nippon Technology

Value of Cash between January 1 and March 31, 2018:

= $1,737,000

Explanation:

a) Calculations:

Beginning Cash Balance     $37,000

Net Income                       2,400,000

Increase in other assets ($300,000)

Decrease in Liabilities    ($200,000)

Dividends paid                ($200,000)

Ending Cash balance     $1,737,000

b) Nippon Technology's cash balance at the end of March 31, 2018 is the net effect of cash transactions that took place between January 1, 2018 and March 31, 2018.  It shows what Nippon Technology received in the form of cash receipts from customers and what it spent in operational, investing, and financing activities during the period of 3 months.

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