1.)Team Shirts, Inc. had net cash from operating activities of $50000. It paid $40000 to buy a new computer system by signing a $30000 not and paying the balance. Net cash from (or used for ) Financing activities for the period was
A.) $30000
B.) $-30000
C.) $0
D.) $10000
2.) Wok n Roll Inc. issud $50000 worth 8% 20 years bones for $52950. How much cash bondholders receive when the bonds mature? (Assume the final interest payment has already been made separately.
a.) $52,950.00
b.) $4236.00
c.) $50,000
d.) $4000
During 2011, Stockton Inc. reported net income of $4000. declared and paid a cash dividend of $2000, and issued common stock for $20,000. At December 31, 2011 Stockon reported total shareholders equity of $58000. What was total shareholders equity at the beginning of the year, on January 1, 2011?