Question:Accounting in Action: CM Corporation (CMC)(

and others. To date, CMC’s cash flow from sales and services has adequately funded its operations.

CMC anticipates growth potential for its products. As a result, it is planning to go to the market with a

new common stock issue

at the end of 2016. Many of the issues you will address in this continuing problem involve choices that are affected by preparing for this anticipated stock issue.

To familiarize you with the company’s operations, Conner and Martin have provided an unadjusted trial balance from the end of last year (2014) on an Excel spreadsheet.

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