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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 35
Use the following balance sheets and income statement to answer
Refer to the data in QS 16-11.
1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2015
2. Assume that no additional notes payable are issued in 2015. What cash amount is paid to reduce the notes payable balance in 2015
REFERENCE: QS 16-11
Required
Use the indirect method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company.
Refer to the data in QS 16-11.
1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2015
2. Assume that no additional notes payable are issued in 2015. What cash amount is paid to reduce the notes payable balance in 2015
REFERENCE: QS 16-11
Required
Use the indirect method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company.
Explanation
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1.
Dividend refers to the distribution m...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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