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Please amswer Excericise problem 1-9A from chapter1 f or Financial Accounting: Tools for Business Decision Making 7th edition by Kimmel, Weygandt and Kieso:-inthe pictures below
Please amswer Excericise problem 1-9A from chapter1 for Financial Accounting: Tools for Business Decision Making 7th edition by Kimmel, Weygandt and Kieso:-inthe pictures below
of long-leem debi Cash received from issue Cash received from issoe of shares 20,000 20,000 Instractions Classify each of the aoe items, escept for cash at the beginning of the year, as an operating, investing, or financing ) Prepare a statement of cash flows for Maison Corporation for the year (c) c Coment on the adequacy of cash provided by operating activities to fund the company's investing activities P1-9 A Incomplete financial statements for Baxter, Inc. follos BAXTER INC Income Statement Year Ended November 30, 2018 Service revenu Operating expenses $225,000 Income before income tax Income tax expense Net income 45,000 9,000 s 121 BAXTER, INC Statement of Changes in Equity Year Ended November 30, 2018 Common Shares Retained Earnings Total Equity Balance, December 1, 2017 Issued common shares Net income Dividends declared Balance, November 30, 2018 250,000 15] 6) (15,000) BAXTER, INC Statement of Financial Position November 30, 2018 Liabilities and Sharcholders' Equity Cash Accounts receivable Land Buildings Equipment Total assets s 22,000 Liabilities 34,000 Accounts payable 8 Bank loan payable s (10] 600,000 693,000 390,000 Total liabilities 218,000 Shareholders' equity Common shares Retained earnings 12) Total shareholders' equity Total liabilities and shareholders' equity$964,000Step by Step Solution
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