Title: Marcello Industries reported the following cash transactions for last year.Issuance of shares of ...
Post by: tifftran on Feb 5, 2023
Marcello Industries reported the following cash transactions for last year. | Issuance of shares of Marcello common stock | $200,000 | | Paid dividends to stockholders at year end | 42,000 | | Received dividends from investments in other companies | 22,000 | | Purchased bonds issued by City of Metropolis | 20,000 | | Borrowed money from City Bank | 25,000 | | Repurchased Marcello common stock on open market | 150,000 | | Purchased factory machinery | 240,000 | | Made loan to major supplier | 80,000 |
Required: | a. | Prepare the investing section of Marcello's statement of cash flows. |
| b. | Prepare the financing section of Marcello's statement of cash flows. |
Title: Marcello Industries reported the following cash transactions for last year.Issuance of shares of ...
Post by: itashia on Feb 5, 2023
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