Balance, December 31, prior year 13,200 Receipts from customers: 79,200 Payments for inventory: $40,600 Receipts from equipment
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Balance, December 31, prior year 13,200 Receipts from customers: 79,200 Payments for inventory: $40,600 Receipts from equipment sale 34,000 Payments for salaries: 26,400 Receipts from issuing stock: 52,800 Payments for land: 66,000 Payments for a copyright: 21,800 Payments for dividends: $4,600 Balance, December 31, current year 19,800 Use the above cash account to determine (a) cash flows used by investing activities and (b) cash flows provided by financing activities.
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-1259569562
11th edition
Authors: Ronald W. Hilton
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