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

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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 ................................................ 4,750
(d) Cash paid for interest ..................................................................... 450
(e) Cash paid to repay a loan ............................................................... 1,000
(f) Cash collected from customers ....................................................... 11,200
(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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Related Book For  answer-question

Intermediate Accounting

ISBN: 978-0538479738

18th edition

Authors: Earl K. Stice, James D. Stice

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