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Unformatted text preview: Accounts payable and accrued liabilities $ 195,000 Unearned revenue 80,000 Total current liabilities 275,000 Long-term debt 500,000 Total liabilities 775,000 Shareholders equity Common stock 400,000 Retained earnings 530,000 Total shareholders equity 930,000 Total liabilities and shareholders equity $ 1,705,000 9. (4 points) Identify which (if any) of the 3 sections on a statement of cash flow that the following should be presented/reflected. a. Cash dividends paid to shareholders during the year. financing b. Cash dividends declared but not yet paid during the year. not a cash flow c. Purchase of fixed assets for cash. investing d. Borrowing money on a long-term basis. financing e. Borrowing money on a short-term basis. financing f. Issuing common stock for $15 per share. financing g. Sale of a fixed asset for more than book value. investing & operating 1...
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This note was uploaded on 11/08/2010 for the course ACT ACT3391 taught by Professor R.turpin during the Fall '10 term at Troy.
- Fall '10