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Required information [The following information applies to the questions displayed below.] Assume you are the president of High Power Corporation. At the end of
Required information [The following information applies to the questions displayed below.] Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $ 33,100 11,050 14,300 60,090 2,050 89,000 1,760 59,400 7,950 94,808 6,000 2-a. By how much did cash increase (decrease)? 2-b. Which financial statement would report the business activities responsible for the change in cash? Complete this question by entering your answers in the tabs below. Req 2A Req 28 By how much did cash increase (decrease)?
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