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1 pts A company wishing to expand can obtain the necessary funds by borrowing on a long-term note payable or by issuing 50,000 shares of
1 pts A company wishing to expand can obtain the necessary funds by borrowing on a long-term note payable or by issuing 50,000 shares of $10 par value common stock. Net income is estimated at $302.500 if the company borrows the funds, and $330,000 if th shares of common stock outstanding. If the company issues stock instead of borrowing funds, earnings per share would e company issues stock. The company currently has 250,000 PC Inc. has the following accounts available at December 31, 2015: December 31, 2015 December 31,2014 $100,000 150,000 100,000 0 150,000 18,000 50,000 Notes Receivable Plant Assets, net Common Stock $200,000 300,000 300,000 50,000 200,000 20,000 50,000 Additional Paid-in Capital Retained Earnings Dividends Declared and Paid Depreciation Expense (annual) Additional information: 1. No plant assets were sold or exchanged during 2015. New plant assets were acquired with 2. No notes receivable were collected during 2015. 3. No common stock was retired during 2015. cash. Using the indirect method, prepare the investing section of the statement of cash flows for the year endi December 31, 2015 HTML Editor
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