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  3. brief exercise 14-30 cash flows from financing act

Brief Exercise 14-30 Cash Flows from Financing Activities Objective 2 Example 14.5 ...

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Accounting

Brief Exercise 14-30 Cash Flows from Financing Activities
Objective 2 Example 14.5
Davis Company earned net income of $900,000 in 20X2. Davis provided the following information:
Davis Company
Comparative Balance Sheets
At December 31,20X1 and 20X2
\table[[,20x1,,20 X 2],[Bonds payable,-,$,385,000],[Mortgage payable,100,000,,],[Common stock,375,000,,375,000],[Paid-in capital in excess of par,380,000,,380,000],[Retained earnings,1,825,000,,2,325,000
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