refer pb1 3 other cash flow information additional investments by stockholders 4373279

Refer PB1-3. Other cash flow information: Additional investments by stockholders…………………… $ 34,000 Cash paid to purchase equipment……………………………. 40,000 Cash paid to suppliers and employees……………………. 1,490,000 Repayments of borrowings…………………………………. 155,000 Cash received from customers……………………………. 1,661,000 Cash received from borrowings……………………………….. 5,000 Dividends paid in cash……………………………………….. 10,000 Required: 1. Did Cheese Factory’s cash balance increase or decrease during the year ended August 31, 2015? Which financial statement shows the reasons for this change? 2. What would Cheese Factory’s 2015 net income have been had it given a 5 percent pay increase to all employees on September 1, 2014? Which financial statement did you use to answer this? View Solution:
Refer PB1 3 Other cash flow information Additional investments by stockholders 34 000

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