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Kilgore Company experienced the following events during its first accounting period. (1) Issued common stock for $12,950 cash. (2) Earned $16,960 of cash revenue. (3)
Kilgore Company experienced the following events during its first accounting period. (1) Issued common stock for $12,950 cash. (2) Earned $16,960 of cash revenue. (3) Paid a $3,520 cash to purchase land. (4) Paid cash dividends amounting to $2,280. (5) Paid $8,670 of cash expenses. Based on this information, the amount of net cash flow from financing activities appearing on the statement of cash flows is $ Question 3 Gupta has $154,083 of assets, $56,005 of liabilities, and $5,239 of Common Stock. What is the Gupta's total stockholders' equity? Question 9 RCS started the year with the following transactions 1. RCS was formed at the beginning of the year when it acquired $53,697 cash by issuing common stock to the owners. 2. RCS borrowed $46,524 from a creditor 3. RCS paid $29,672 to purchase land. After posting these transactions, what is the total equity of RCS
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