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LO5 P1-10B. Income Statement, Statement of Stockholders' Equity, Balance Sheet and Statement of Cash Flows Deans & Hale Corporation started business on January 1, 2019.
LO5 P1-10B. Income Statement, Statement of Stockholders' Equity, Balance Sheet and Statement of Cash Flows Deans & Hale Corporation started business on January 1, 2019. The following information was compiled by Deans & Hale as of December 31, 2019. Sales revenue... Expenses .. Dividends Cash.... Accounts receivable Inventory Equipment Building. $25,000 Accounts payable.... 17,000 Notes payable... 3,000 Common stock. 1,500 Retained earnings 2,500 Cash flow from operating activities.... 3,000 Cash flow from investing activities 15,000 Cash flow from financing activities 50,000 $ 4,000 43,000 20,000 ? 6,500 (55,000) 50,000
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