How much cash does the business have
Consider the following transactions:
I. Owners invested $8,000 cash to begin the businessII. Provided services for cash, $6,000III. Provided services on account, $4,000IV. Paid cash for expenses, $7,500
How much cash does the business have?
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Consider the following transactions:How much cash does the business have?
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West, Inc. has a net income of $800,000 for 2002, and there are 200,000 weighted average shares of common stock outstanding. Dividends declared and paid during the year amounted to $160,000 on the preferred stock and $240,000 on the common stock.
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