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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Partial Balance Sheet Data and Additional Information for Earth Moving