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please answer question 10 10. Partial balance sheets for ABC Company and additional information are provided below. ABC COMPANY PARTIAL BALANCE SHEETS ASOF DECEMBER 31
please answer question 10
10. Partial balance sheets for ABC Company and additional information are provided below. ABC COMPANY PARTIAL BALANCE SHEETS ASOF DECEMBER 31 ASSETS 2018 2017 EQUIPMENT $100,000 $75,000 ACCUMULATED DEPRECIATION (25,000) (20,000) SHAREHOLDERS' EQUITY COMMON STOCK, $10 PAR 180,000 $100,000 PAID-IN CAPITAL-EXCESS OF PAR 20,000 0 RETA INED EARNINGS 40,000 30,000 ARDITIONAL INFORMATION FOR 2018 JULY 1 ISSUED 8,000 SHARES OF COMMON STOCK FOR CASH JULY 1 PURCHASED NEW EQUIPMENT FOR CASH DECEMBER 31 PAID CASH DIVIDENDS OF $ 20.000 Required: Prepare the financing activities section of the statement of cash flows for 2018Step by Step Solution
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