Partial Balance Sheets for ABC Company and Additional Information Are

question 13

Essay

Partial balance sheets for ABC Company and additional information are provided below.

Additional information for 2016:
July 1: Issued 8,000 shares of common stock for cash.
July 1: Purchased new equipment for cash.
December 31: Paid cash dividends of $20,000.
Required:
Prepare the financing activities section of the statement of cash flows for 2016.

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