The financial statements at the end of Sayre Realty, Inc.s first month of operation are shown below.
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Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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SAYRE REALTY, INC. Statement of Cash Flows For the Month Ended December 31, 2013 sh flows from operating activities: Cash received from customers Ca $125,000 67,500 Deduct cash payments for expenses......... . 5 (m) Net cash flows from operating activities Cash flows used in investing activities: Cash payment for purchase of land. (175,000) Cash flows from financing activities: Cash received from sale of capital stock....... Cash received from issuing notes payable Deduct cash dividends $75,000 5 (o) 12,000 Net cash flows from financing activities... 5 (q) Net increase in cash December 1, 2013, cash balance
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a 125000 net income for December of 57500 plus total operating expenses of 67500 also the amo...View the full answer
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