This preview shows page 1. Sign up to view the full content.
Unformatted text preview: (10,000) Cash flows from financing activities: Issuance of common stock 300,000 Net cash flows from financing activities 300,000 Net increase in cash 264,000 Cash and cash equivalents, March 1 40,000 Cash and cash equivalents, March 31 $ 304,000 Noncash investing and financing activities: Acquired $40,000 of equipment by paying cash and issuing a note as follows: Cost of equipment $40,000 Cash paid 10,000 Note issued $30,000...
View Full Document
This note was uploaded on 01/08/2011 for the course -2 20101 taught by Professor Georgesanchez during the Spring '10 term at USC.
- Spring '10