Question

Top Ten Corporation, a nationwide insurance chain, reported the following selected amounts in its financial statements for the year ended August 31, 2014 (adapted, in millions):
Requirement
1. Determine the following for Top Ten Corporation during 2014.
a. Collections from customers
b. Payments for inventory
c. Payments of operating expenses
d. Acquisitions of property and equipment; no sales were made during 2014
e. Long-term borrowing, assuming Top Ten made no payments on long-term liabilities
f. Proceeds from issuance of common shares
g. Payment of cash dividends


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  • CreatedJuly 08, 2015
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