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Accounting
need help with this problem, i keep getting the weing answer.
Additional Information a. A $30,000 notes payabe is retred at Its $30,000 carrying lbook value in exchange for cash. b. The only changes affecting retained esmings are net incme and cash dividends paid. c. New eculpment is accuired for $57.600cosh Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $57,600 cash. d. Recelved cash for the sale of equipment that had cost $48,600, ylelding a $2,000 gain e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of Inventory are on credit. Compute the company's cash flow on total assets ratio for its fiscal year 2021
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