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On January 1, 2013, Hardy Company had a balance of $150,000 in its Common Stock account. During 2013, Hardy paid $20,000 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on December 31, 2013, was $175,000. Assume that the common stock is no par stock.Required:
a. Determine the cash inflow from the issue of common stock.
b. Prepare the financing activities section of the 2013 statement of cash flows.
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How much will Ezra collect in March on a $220,000 credit sale in January? If production equals sales and there are no beginning or ending inventories
Clean, Inc. cleans and waxes floors for commercial customers. The company is presently operating at less than capacity with equipment and employees idle at times. The company recently received an order from a potential customer outside the company's ..
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