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please help Q.11 Problem: Module 3 Textbook Problem 11 Leorning Objectives: - 3-9 Identify the primary characteristics of sole proprietorships, pertnerships, and corporations - 3-12
please help Q.11
Problem: Module 3 Textbook Problem 11 Leorning Objectives: - 3-9 Identify the primary characteristics of sole proprietorships, pertnerships, and corporations - 3-12 Show how issuing different classes of stock affects financial statements Astro Corporation was started with the issue of 4,600 shares of $11 par stock for cash on January 1, Year 1 . The stock was issued at a market price of $16 per share. During Year 1 , the company earned $60,150 in cash revenues and paid $40,301 for cash expenses. Also a $3,400 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity. Astro Corporation was started with the issue of 4,600 shares of $11 par stock for cash on January 1. Year 1 . The stock was issued at a market price of $16 per share. During Year 1, the company eamed $60,150 in cash revenues and paid $40,301 for cash expenses, Also, a $3,400 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal year. Complete this question by entering your onswers in the tabs below. Prepare a balance sheet. Astro Corporation was started with the issue of 4,600 shares of $11 par stock for cash on January 1, Year 1 . The stock was issued at a market pnce of $16 per share. During Year 1 , the company earned $60,150 in cash revenues and paid $40,301 for cash expenses. Also. a $3,400 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.) Problem: Module 3 Textbook Problem 11 Leorning Objectives: - 3-9 Identify the primary characteristics of sole proprietorships, partnerships, and corporations - 3-12 Show how issuing different classes of stock offects financial statements Astro Corporation was started with the issue of 4,600 shares of $11 par stock for cash on January 1, Year 1 . The stock was issued at a market price of $16 per share. During Year 1 , the company earned $60,150 in cash revenues and paid $40,301 for cash expenses. Also a $3,400 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal yeat. Complete this question by entering your answers in the tabs below Step by Step Solution
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