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?