1 .Following is selected financial information of Com Ex for the year ended December 31, 2011.
|
C. Tex, Capital, Dec. 31, 2011 |
$47,000 |
C. Tex,Withdrawals |
$ 8,000 |
|
Net income |
6,000 |
C. Tex, Capital, Dec. 31, 2010 |
49,000 |
Required
Prepare the 2011 statement of owner’s equity for Com Ex.
2. Selected financial information of Buy Right Co. for the year ended December 31, 2011, follows.
|
Cash from investing activities |
$2,600 |
|
Net increase in cash |
1,400 |
|
Cash from financing activities |
2,800 |
|
Cash used by operating activities |
(4,000) |
|
Cash, December 31, 2010 |
1,300 |
Required
Prepare the 2011 statement of cash flows for Buy Right Company.