Suppose Ruston Company has the following results related to cash flows for 2017: Increase in Debt of $700,000 Dividends of $500,000 Purchases of Property, Plant, & Equipment of $8,300,000 Other Adjustments from Financing Activities of $200,000 Other
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Balance sheet and income statement data indicate the following: Bonds payable, 11% (due in 15 years) $1,023,237 Preferred 8% stock, $100 par (no change during the year) $200,000 Common stock, $50 par (no change during the year) $1,000,000 Income
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