During the Year,WXY Company Issued Common Stock to Stockholders for $6,000,purchased

question 115

Essay

During the year,WXY Company issued common stock to stockholders for $6,000,purchased land for $1,600 cash,and paid cash dividends of $500 to the company's owners.Enter each of these three events into the horizontal financial statements model,below.Indicate dollar amounts of increases and decreases.For cash flows,show whether they are operating activities (OA),investing activities (IA),or financing activities (FA).

---

Definitions:

Negotiable Instrument

A legal document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, with the payer named on the document.

Signed

Having affixed one's signature to a document, thereby indicating agreement, consent, or authorization.

Every Party

Refers to all the individuals or entities involved in an agreement, contract, or legal action.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.