Question
5 During the month, Meridian Company had the following cash transactions: Cash collected from customers 12,500 Cash received from a loan 8,000 Cash paid
5 During the month, Meridian Company had the following cash transactions: Cash collected from customers 12,500 Cash received from a loan 8,000 Cash paid for wages payable (5,750) Cash paid for the purchase of (15,000) a building Cash received for the issuance of new shares of 2,600 stock Cash received from sale of 6,400 land Cash paid for rent (2,500) Cash paid for dividends (1,500) Given the above information, compute cash flow from investing activities.
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
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