The Following Information Is Taken from Harvey Company's Balance Sheet

question 110

Essay

The following information is taken from Harvey Company's balance sheet at December 31,2016:

$$\begin{array} { l r } \text { Cash } & \$ 14,000 \\\text { Retained earnings } & 14,000 \\\text { Inventory } & 8,000 \\\text { Equipment } & 38,000 \\\text { Accounts payable } & 7,000 \\\text { Bonds payable } & 23,000 \\\text { Capital stock } & 26,000\end{array}$$
Required
Using the information provided for Harvey Company,answer the following questions:
A) How much cash did creditors provide to Harvey Company?
B) On which financial statement would an investor look to see if any stock was issued during the year?

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Definitions:

Self-confidence

The belief in one's own abilities, skills, and capacity to succeed or meet the challenges of various situations.

Dependent

Relates to relying on someone or something else for support or assistance, often used in contexts such as emotional, financial, or physical dependency.

Inferiority Feelings

Emotions arising from perceived shortcomings compared to others, which can drive individuals to compensate or improve.

Pampering

Giving someone excessive attention, care, or kindness, often to the point of spoiling them.