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The Bi-Out Company had a net loss of $225,000 in 2015. The following additional information also was provided: Dividends declared but not paid $40,000 Increase
The Bi-Out Company had a net loss of $225,000 in 2015. The following additional information also was provided: Dividends declared but not paid $40,000 Increase in accounts payable $30,000 Proceeds from the sale of convertible preferred stock $50,000 Depreciation expense $100,000 Proceeds from the sale of bonds $50,000 What was net change in the company's cash during 2015? a. $5,000 b. $55,000 O c. $255,000 O d. -$35,000
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