Sharp Company was started in 2009 when it acquired $25,000 cash by issuing common stock to Katie…


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Sharp Company was started in 2009 when it acquired $25,000 cash by issuing common stock to Katie… 1 answer below » Relating accounting events to entities Sharp Company was started in 2009 when it acquired $25,000 cash by issuing common stock to Katie Sharp. Required a. Was this event an asset source, use, or exchange transaction for Sharp Company? b. Was this event an asset source, use, or exchange transaction for Katie Sharp? c. Was the cash flow an operating, investing, or financing activity on Sharp Company’s 2009 statement of cash flows? d. Was the cash flow an operating, investing, or financing activity on Katie Sharp’s 2009 statement of cash flows? Jul 24 2014 07:51 AM

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