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Question - Bishop Company had $70,000 in cash on the balance sheet at the beginning of the year. At year-end, the company had $60,000 in cash. We know cash flow from operating activities totaled $1,367,297, and cash flow from long-term investing activities totaled -$1,857,297. Furthermore, Bishop issued $335,000 in long-term debt during the year to fund new projects and increase liquidity. If dividends paid to stockholders equaled $65,000, how much common stock did Bishop issues during the year? (Assume that the only financing activities in which Bishop engaged involved long-term debt, payment of dividends, and common stock.)
Find What is the realized gross loss to be recognized by the entity for the year ended December 31, 2021under percentage of completion method?
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