This information is for Heartland Company for the year ended December 31, 2011. Cash received from revenues
Question:
Cash received from revenues from customers ........ $600,000
Cash received for issuance of common stock ......... 350,000
Cash paid for new equipment ............... 100,000
Cash dividends paid .................. 20,000
Cash paid for expenses ................. 410,000
Cash balance 1/1/11 ................... 30,000
Instructions
Prepare the 2011 statement of cash flows for Heartland Company.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Related Book For
Financial Accounting
ISBN: 978-0470507018
7th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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