SOLD UNISSUED COMMON STOCK FOR CASH, $1,000.REQUIRED

13. - FINANCIAL STATEMENT ANALYSIS MOCK EXAM
FINANCIAL STATEMENT ANALYSIS MOCK EXAM

13. Sold unissued common stock for cash, $1,000.

Required:

Prepare a statement of cash flows (indirect method) for the year ended December 31, Year 2

and comment on the firm using cash flow analysis approach.