Ms. Smith, owner of Smith Dental Supply Company, and has been in business for one year. She
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Question:
Ms. Smith, owner of Smith Dental Supply Company, and has been in business for one year. She applied for a $150,000 loan from her bank.
Assume she is successful in getting the loan. How will this loan affect her statement of cash flows.
- $100,000 for equipment.
- $ 50,000 for expenses and bills.
Assume she is successful in getting $150,000 through issuance of stock. How will this transaction affect her statement of cash flows
- $100,000 for equipment
- $ 50,000 for expenses and bills.
- Does it make a difference in the statement of cash flows if she finances through a bank loan or through issuance of stock
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