Solution-Each of the following items must be considered

Each of the following items must be considered

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Reference no: EM131105481

1. Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reported in the statement, if at all. Assume that net income is reported as $90,000.

(a) Accounts receivable increased from $34,000 to $39,000 from the beginning to the end of the year.

(b) During the year, 10,000 shares of preferred stock with a par value of $100 a share were issued at $115 per share.

(d) Land increased from $10,000 to $30,000.

Reference no: EM131105481

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Each of the following items must be considered

Reference no: EM131105481

Reference no: EM131105481

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