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Over the past year Company X experienced the following: raised $150,000 by issuing new common shares; had a net income of $200,000; bought $600,000 of
Over the past year Company "X" experienced the following: raised $150,000 by issuing new common shares; had a net income of $200,000; bought $600,000 of new equipment: had depreciation of $50,000; reduced inventories by $100,000; borrowed $110.000 from the bank; sold old equipment for $40,000. For the year, Company "X" raised from Financing Activities the following amount of cash: $250,000 ($250.000) $0 $260.000
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