Question
New York Giants Comparative Balance Sheet December 31, 2009 and 2008 2009 2008 Assets: Land, Buildings, and Equipment $332,000 $210,000 Accumulated Depreciation ($75,000) ($50,000) Equity:
New York Giants
Comparative Balance Sheet
December 31, 2009 and 2008
2009 2008
Assets:
Land, Buildings, and Equipment $332,000 $210,000
Accumulated Depreciation ($75,000) ($50,000)
Equity:
Common stock ($1 par) $300,000 $200,000
Additional paid-in capital $150,000 $0
Retained Earnings $30,000 $20,000
Additional information:
(a) July 21, 2009issued 100,000 shares of common stock for cash. No shares were repurchased or retired during the year.
(b) August 1, 2009purchased new equipment for cash. No land, buildings, or equipment were sold during the year.
(c) December 31, 2009paid cash dividends of $60,000.
(d) December 30, 2009received cash dividends of $10,000.
Prepare the investing and financing activities sections of the statement of cash flows for the year ending December 31, 2009.
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