Reference no: EM13975189
Blaylock Company earned net income of $900,000 in 2014.
Blaylock provided the following information: Blaylock Company Comparative Balance Sheets At December 31, 2013 and 2014
Bonds payable: none (2013) & 385,000 (2014);
Mortgage payable 100,000 (2013) & none (2014);
Common stock: 375,000 (2013) & 375,000 (2014);
Pain-in capital in excess of par: 280,000 (2013) & 280,000 (2014);
Retained earnings: 1,825,000 (2013) & 2,325,000 (2014)
Required: Compute the financing cash flows for the current year.
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Compute the financing cash flows for the current year
: Blaylock Company earned net income of $900,000 in 2014. Blaylock provided the following information: Blaylock Company Comparative Balance Sheets At December 31, 2013 and 2014. Compute the financing cash flows for the current year.
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