Question
Assume that you are the president of APEC Aerospace Corporation. At the end of the first year of operations (December 31), the following financial data
| Assume that you are the president of APEC Aerospace Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: |
| Accounts Payable | $ | 34,630 | ||||||||
| Accounts Receivable | 11,000 | |||||||||
| Cash | 15,400 | |||||||||
| Common Stock | 11,500 | |||||||||
| Dividends | 1,800 | |||||||||
| Equipment | 94,000 | |||||||||
| Notes Payable | 53,470 | |||||||||
| Operating Expenses | 75,000 | |||||||||
| Other Expenses | 9,600 | |||||||||
| Sales Revenue | 117,700 | |||||||||
| Supplies | 10,500 | |||||||||
| ||||||||||
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Challenging Global Finance
Authors: Elizabeth Friesen
2012th Edition
0230348793, 978-0230348790
