Partial Balance Sheet Data and Additional Information for Earth Moving

question 75

Essay

Partial balance sheet data and additional information for Earth Moving Industries are given below:

Additional information:
(a)June 15,2014--issued 4,000 shares of common stock for cash.
(b)July 1,2014--purchased new equipment for cash.
(c)December 31,2014--paid cash dividends of $40,000.
Prepare the investing and financing activities sections of the statement of cash flows for the year ending December 31,2014.

---

Definitions:

Daguerreotype

An early photographic process developed by Louis Daguerre in the 1830s, producing a silver image on a polished copper plate.

Latham Loop

In early projection systems, a set of sprockets that looped the film stock to keep it from breaking as a result of its own inertia.

Vitascope

The Vitascope is an early film projector first demonstrated in 1895, which played an important role in the commercialization of cinema by allowing longer films to be shown to larger audiences.

Film Breakage

The physical tearing or snapping of film during projection or handling, an issue more common with older, acetate-based film stock.