Siliconia Manufactuing Ltd. had retained earnings of $400,000 and $50,000 in cash on January 1st, 2005. Net income in 2005 was $200,000 including amortization expense of $125,000. In 2005, the company issued additional common shares for $500,000 and borrowed $600,000 from the bank. Total cash from financing activities was

Siliconia Manufactuing Ltd. had retained earnings of $400,000 and $50,000 in cash on January 1st, 2005. Net income in 2005 was $200,000 including amortization expense of $125,000. In 2005, the company issued additional common shares for $500,000 and borrowed $600,000 from the bank. Total cash from financing activities was

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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