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cepts Inc. had a balance of $7,800 in Cash, $2,150 inC Stock 1 As of January 1, 2013 2 and $5,650 in Retained Earnings. These
cepts Inc. had a balance of $7,800 in Cash, $2,150 inC Stock 1 As of January 1, 2013 2 and $5,650 in Retained Earnings. These were the only accounts withbalances in the ledger on 3 January 1,2013. Further analysis of the company's cash account indicated that during the 2013 accounting period, the company had: 1) net cash inflow from operating activities of $4,750(2) net cash outflow for investing activities of $16.400, and (3) net cash inflow from financing activities 6 of $5,850. All revenue andepense events were cash events. The following accounts and 5 7 balances represent the general ledger of Concepts Inc. as of December 31, 2013, before closing. CONCEPTS INC General Ledger Liabilities Assets Stockholdes' Equity Notes Payable Bal. Cash Common Stock Bal. 2,000 2,300 Bal. 6,250 Retained Earnings Bal. Land Bal. 16,400 5,650 Bal. 9,200 Bal. 4,450 24 Bal. 550 27 29 Required: 30 a. Assume that the net cash inflow from financing activities of $5,850 was caused by three 31events. Based on the information above, identify these events and determine the cash flow 32 asociated with each event. (Amounts to be deducted should be indicated with minus sign.) Cash flovs from financing activities: Cash receipts from loan Cash receipts from stock issue Cash payments for dividends Net cash flow from financing ac 37
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