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Question 11 (2 points) Saved Over the past year Company X experienced the following: raised $100,000 by issuing new common shares; had a net
Question 11 (2 points) Saved Over the past year Company "X" experienced the following: raised $100,000 by issuing new common shares; had a net income of $210,000; bought $750,000 of new equipment had depreciation of $60,000; reduced inventories by $900,000; borrowed $120,000 from the bank; sold old equipment for $610.000. For the year, Company "X" raised from Investing Activities the following amount of cash: ($140,000) $140.000 $10,000) $610.000
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