Partial balance sheets for Yarborough Company and additional information are found below.

Additional information for 2016:
July 1: Issued 10,000 shares of common stock for cash.
July 1: Purchased new equipment for cash.
Dec.31 Paid cash dividends of $30,000.
Required:
Prepare the investing activities section of the statement of cash flows for 2016.

Question

Partial balance sheets for Yarborough Company and additional information are found below.
  
Additional information for 2016:
July 1: Issued 10,000 shares of common stock for cash.
July 1: Purchased new equipment for cash.
Dec.31 Paid cash dividends of $30,000.
Required:
Prepare the investing activities section of the statement of cash flows for 2016.

Quizplus · Accepted Answer

The Answer of Partial balance sheets for Yarborough Company and additional information are found below.
  
Additional information for 2016:
July 1: Issued 10,000 shares of common stock for cash.
July 1: Purchased new equipment for cash.
Dec.31 Paid cash dividends of $30,000.
Required:
Prepare the investing activities section of the statement of cash flows for 2016.

Partial Balance Sheets for Yarborough Company and Additional Information Are