Using the following information, prepare a complete statement of cash flows. (a) Cash balance, beginning $ 1,500

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Using the following information, prepare a complete statement of cash flows.
(a) Cash balance, beginning $ 1,500
(b) Cash paid to purchase inventory 7,800
(c) Cash received from sale of a building 5,600
(d) Cash paid for interest 450
(e) Cash paid to repay a loan 1,000
(f) Cash collected from customers 10,000
(g) Cash balance, ending ?
(h) Cash received from issuance of new shares of common stock 1,200
(i) Cash paid for dividends 780
(j) Cash paid for income taxes 1,320
(k) Cash paid to purchase machinery 1,950

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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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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