This information is for Heartland Company for the year ended December 31, 2011. Cash received from revenues

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This information is for Heartland Company for the year ended December 31, 2011.
Cash received from revenues from customers ........ $600,000
Cash received for issuance of common stock ......... 350,000
Cash paid for new equipment ............... 100,000
Cash dividends paid .................. 20,000
Cash paid for expenses ................. 410,000
Cash balance 1/1/11 ................... 30,000

Instructions
Prepare the 2011 statement of cash flows for Heartland Company.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0470507018

7th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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