Business
Business, 28.01.2020 03:31, madisoncfrew

Lexington company engaged in the following transactions during year 1, its first year of operations. (assume all transactions are cash transactions.)

1) acquired $4,500 cash from issuing common stock.
2) borrowed $2,950 from a bank.
3) earned $3,850 of revenues.
4) incurred $2,550 in expenses.
5) paid dividends of $550. lexington company engaged in the following transactions during year
2:
1) acquired an additional $1,250 cash from the issue of common stock.
2) repaid $1,825 of its debt to the bank.
3) earned revenues, $5,250.
4) incurred expenses of $3,050.
5) paid dividends of $1,540. the net cash flow from financing activities on lexington's year 2 statement of cash flows was

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Answers: 2

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Lexington company engaged in the following transactions during year 1, its first year of operations....

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