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The Following Information Is Taken from Harvey Company's Balance Sheet

Question 110

Essay

The following information is taken from Harvey Company's balance sheet at December 31,2016:

 Cash $14,000 Retained earnings 14,000 Inventory 8,000 Equipment 38,000 Accounts payable 7,000 Bonds payable 23,000 Capital stock 26,000\begin{array} { l r } \text { Cash } & \$ 14,000 \\\text { Retained earnings } & 14,000 \\\text { Inventory } & 8,000 \\\text { Equipment } & 38,000 \\\text { Accounts payable } & 7,000 \\\text { Bonds payable } & 23,000 \\\text { Capital stock } & 26,000\end{array}
Required
Using the information provided for Harvey Company,answer the following questions:
A) How much cash did creditors provide to Harvey Company?
B) On which financial statement would an investor look to see if any stock was issued during the year?

Correct Answer:

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A) $ 30,000
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