Question
Shown below is selected information from the financial records of Mays Corporation as of December 31, 2016: Inventory $144,000 Cash purchase of equipment $127,000
Shown below is selected information from the financial records of Mays Corporation as of December 31, 2016: Inventory $144,000 Cash purchase of equipment $127,000 Cash collected from customers 660,000 Buildings, net 880,000 Equipment, net 250,000 Sales revenue 950,000 Retained earnings 550,000 Cash paid for operating activities 420,000 Cash dividends paid 84,000 Principal payments on existing notes payable 127,000 Salary expense 220,000 Common stock 310,000 Create a statement of Cash flow
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Advanced Accounting
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
2nd edition
1934319309, 978-1934319307
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