Summit apparel has the following accounts at december 31: common stock, $1 par value, 1,400,000 shares issued; paid-in capital, $17.40 million; retained earnings, $10.40 million; and treasury stock, 54,000 shares, $1.188 million.

prepare the stockholders’ equity section of the balance sheet. (amounts to be deducted should be indicated with a minus sign. enter your answers in dollars, not in millions.)

find the additional paid-in capital, treasury stock, retained earnings.

and after additional paid-in capital, there is one more thing missing.

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

tell me the question and i will be able to answer : )

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