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problem: Waldorf, Company had the following transactions during the month of August, 2006:

Cash received from bank loans was $15,000.

Dividends of $7,500 were paid to stockholders in cash.

Revenues earned & received in cash amounted to $28,500

Expenses incurred & paid were $21,000

Determine the amount of net income reported on an income statement for the month of August, 2006?

At the starting of August, 2006, owners' equity in Waldorf was $180,000. Given the transactions of August, 2006, determine owners' equity at the end of the month?

For the month of August, 2006, net cash flows from operating activities for Waldorf were?

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922624

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