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Leslies Bookstore had the following transactions during 2020: Issued $60,000 of par value common stock for cash. Repaid a 6 year note payable in the

  1. Leslies Bookstore had the following transactions during 2020:
  1. Issued $60,000 of par value common stock for cash.
  2. Repaid a 6 year note payable in the amount of $20,000.
  3. Acquired land by issuing common stock of par value $10,000.
  4. Declared and paid a cash dividend of $30,000.
  5. Sold a long-term investment (cost $5,000) for cash of $8,000.
  6. Acquired a long term investment in Apple stock for cash of $10,000.

What is the net cash flow from financing activities?

7.RuzMarin Restaurant reported a net loss of $6,000 for the year ended December 31, 2020 due to the Corona Shutdown. During the year, accounts receivable increased $15,000, inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded.

Net cash flows from Operating Activities were?

8.Mambo Corporations December 31, 2020 balance sheet showed the following Shareholder Equity:

Paid in Capital:

8% preferred stock, $20 par value, cumulative

$ 150,000

Common stock, $10 par value

500,000

Additional Paid-in capital in excess of parP/S

200,000

Additional Paid-in capital in excess of parC/S

900,000

Total Paid In Capital

1,750,000

Retained Earnings

2,000,000

Total PIC and Retained Earnings

3,750,000

Less: Treasury Stock (3,000 shares, Common)

(50,000)

Total Shareholders' Equity

$ 3,700,000

How many shares of common stock are outstanding?

9. Mambo Corporations December 31, 2020 balance sheet showed the following Shareholder Equity:

Paid in Capital:

8% preferred stock, $20 par value, cumulative

$ 150,000

Common stock, $10 par value

500,000

Additional Paid-in capital in excess of parP/S

200,000

Additional Paid-in capital in excess of parC/S

900,000

Total Paid In Capital

1,750,000

Retained Earnings

2,000,000

Total Shareholders' Equity

$ 3,750,000

A 12% common stock dividend is declared when the market price is $16. Right after the declaration, the additional Paid-in capital in excess of par - C/S will be ___________.

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