ACCOUNTING-The beginning cash balance is $30,000.
Question # 00115462
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Updated on: 10/09/2015 08:39 PM Due on: 11/08/2015
please use the information below to make a statement of cash flows.
- The beginning cash balance is $30,000.
- Use the Net Income from Module 2.
- Use depreciation expense of Module 1.
- During the year 14, Inventory increases by $42,500.
- During the year 14, Land increases by $400,000.
- During the year 14, Long-Term Debts increase by $360,000.
- During the year 14, the company made a secondary offering of stock and raised an additional $180,000 which includes $150,000 of Paid-in Capital.
- During the year 14, the company had paid $15,000 in dividends.
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Solution: ACCOUNTING-The beginning cash balance is $30,000.