Consultex, Inc., was founded in 2018 as a small financial consulting business. The company had...
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Consultex, Inc., was founded in as a small financial consulting business. The company had done reasonably well in but started noticing its cash dwindle early in In January Consultex had paid $ to purchase land and repaid $ principal on an existing promissory note. In March, the company paid $ cash for dividends and $ to repurchase and eliminate Consultex stock that had previously been issued for $ To improve its cash position, Consultex borrowed $ by signing a new promissory note in May and also issued stock to a new private investor for $ cash. Yearend comparative balance sheets and income statements are presented below.E Preparing and Evaluating a Statement of Cash Flows Indirect Method from Comparative Balance Sheets and Income Statements presented below. 
Consultex, Inc., was founded in as a small financial consulting business. The company had done reasonably well in but started noticing its cash dwindle early in In January Consultex had paid $ to purchase land and repaid $ principal on an existing promissory note. In March, the company paid $ cash for dividends and $ to repurchase and eliminate Consultex stock that had previously been issued for $ To improve its cash position, Consultex borrowed $ by signing a new promissory note in May and also issued stock to a new private investor for $ cash. Yearend comparative balance sheets and income statements are presented below.E Preparing and Evaluating a Statement of Cash Flows Indirect Method from Comparative Balance Sheets and Income Statements presented below.
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