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The comparative balance sheet of Livers Inc. for December 31,20Y3 and 20Y2, is shown as follows: Additional data pbtained from an exarnination of the accourts
The comparative balance sheet of Livers Inc. for December 31,20Y3 and 20Y2, is shown as follows: Additional data pbtained from an exarnination of the accourts in the ledger for 20r3 are as fallaws: a. The investments were sold for $175,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The cornmon stock was issued for cash. e. There was a $500,000 credit to Retained Earnings for net income. f. There was a $90,000 debit to Retained Eamings for cash dividends declared. amounts that represent cash outhows as negathe numbers using a minus sign. Livers lne. Statemert of Cash Flaws (Label)
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