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Presented below is selected financial information for Wenger Corporation for December 31, 2014. Inventory $ 25,000 Cash paid to purchase equipment $ 12,000 Cash paid
Presented below is selected financial information for Wenger Corporation for December 31, 2014.
Inventory | $ 25,000 | Cash paid to purchase equipment | $ 12,000 | |||
Cash paid to suppliers | 104,000 | Equipment | 40,000 | |||
Buildings | 200,000 | Service revenue | 100,000 | |||
Common stock | 50,000 | Cash received from customers | 132,000 | |||
Cash dividends paid | 7,000 | Cash received from issuing common stock | 22,000 | |||
Cash at beginning of period | 9,000 |
(b) Comment on the adequacy of net cash provided by operating activities to fund the company
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