Refer PA 1-3.
Other cash flow information:
Cash from issuing common stock.............Other cash flow information:
Cash from issuing common stock... $ 21,000
Cash paid to acquire common stock... 23,500
Cash paid for income taxes... 11,000
Cash paid to purchase long- term assets... 41,000
Cash paid to suppliers and employees... 83,200
Cash received from customers... 137,000
Required:
1. Did Open Table rely more on creditors or stockholders for its financing at September 30, 2013? What is your information source?
2. Did the retained earnings at September 30, 2013, arise primarily from current year earnings or earnings retained from prior years? What is your information source?