CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES Rogerson Company's comparative balance sheet as of December 31, 20-2

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CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES Rogerson Company's comparative balance sheet as of December 31, 20-2 and 20-1, showed the following with regard to investing and financing activities:


20-2 $130,000 20-1 Building Equipment Notes payable Common stock at par Paid-in capital in excess of par Retained earnin



Net income for 20-2 was $90,000, and cash dividends of $30,000 were declared and paid. Rogerson did not sell any buildings or equipment and did not retire any debt. Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Rogerson's statement of cash flows for the year ended December 31,20-2.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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