Required information Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO...
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Required information Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO 2-1 [The following information applies to the questions displayed below] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $34,000 cash from the issue of common stock. 2. Borrowed $46,000 cash from National Bank. 3. Earned qash revenues of $62,000 for performing services. 4. Paid cash expenses of $52,000. 5. Paid a $2,400 cash dividend to the stockholders. 5. Pacquired an additional $34,000 cash from the issue of common stock. 7. Paid $12,000 cash to reduce the principal balance of the bank note. 8. Paid $47,000 cash to purchase land. 8. Paid $47,000 cash to purchase tand. Problem 2-20A (Algo) Part e e. Determine the net cash fiows from operating activities, investing activities, and financing activities that Maben would report on the Year 1 statement of cash flows. Note: Enter cash outflows as negative amounts
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