Mathematics, 27.05.2020 23:08 stephany5439
Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation:
Acquired $35,000 cash from the issue of common stock.
Borrowed $47,000 cash from National Bank.
Earned cash revenues of $63,000 for performing services.
Paid cash expenses of $52,500.
Paid a $2,500 cash dividend to the stockholders.
Acquired an additional $35,000 cash from the issue of common stock.
Paid $12,000 cash to reduce the principal balance of the bank note.
Paid $46,000 cash to purchase land.
Determined that the market value of the land is $64,000.
Determine the percentage of assets that were provided by investors, creditors, and earnings. (Round your answers to 2 decimal places.)
Investors ??%
Creditors ??%
Earnings ??%
Answers: 3
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Maben Company was started on January 1, 2018, and experienced the following events during its first...
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