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eBook Question Content Area Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $15 par ACCOUNT NO.         Balance Date Item Debit Credit Debit Credit Jan. 1     Balance, 40,000 shares         600,000   Apr. 2     10,000 shares issued for cash     150,000       750,000   June 30     2,000-share stock dividend   30,000       780,000   ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO.         Balance Date Item Debit Credit Debit Credit Jan. 1     Balance         160,000   Apr. 2     10,000 shares issued for cash     240,000       400,000   June 30     Stock dividend   22,500       422,500   ACCOUNT Retained Earnings ACCOUNT NO.         Balance Date Item Debit Credit Debit Credit Jan. 1     Balance         498,000   June 30     Stock dividend 52,500           445,500   Dec. 30     Cash dividend 57,300           388,200   Dec. 31     Net income   358,600       746,800   If an amount is not reported on the statement of cash flows, leave the amount box blank. Item Section of Statement of Cash Flows Added or Deducted Amount Sale of common stock     $fill in the blank 3 Cash dividend     $fill in the blank 6 Stock dividend     $fill in the blank 9

eBook Question Content Area Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $15 par ACCOUNT NO.         Balance Date Item Debit Credit Debit Credit Jan. 1     Balance, 40,000 shares         600,000   Apr. 2     10,000 shares issued for cash     150,000       750,000   June 30     2,000-share stock dividend   30,000       780,000   ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO.         Balance Date Item Debit Credit Debit Credit Jan. 1     Balance         160,000   Apr. 2     10,000 shares issued for cash     240,000       400,000   June 30     Stock dividend   22,500       422,500   ACCOUNT Retained Earnings ACCOUNT NO.         Balance Date Item Debit Credit Debit Credit Jan. 1     Balance         498,000   June 30     Stock dividend 52,500           445,500   Dec. 30     Cash dividend 57,300           388,200   Dec. 31     Net income   358,600       746,800   If an amount is not reported on the statement of cash flows, leave the amount box blank. Item Section of Statement of Cash Flows Added or Deducted Amount Sale of common stock     $fill in the blank 3 Cash dividend     $fill in the blank 6 Stock dividend     $fill in the blank 9

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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    Question Content Area

    Reporting Stockholders' Equity Items on Statement of Cash Flows

    On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year.

    ACCOUNT Common Stock, $15 par ACCOUNT NO.
            Balance
    Date Item Debit Credit Debit Credit
    Jan. 1     Balance, 40,000 shares         600,000  
    Apr. 2     10,000 shares issued for cash     150,000       750,000  
    June 30     2,000-share stock dividend   30,000       780,000  


    ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO.
            Balance
    Date Item Debit Credit Debit Credit
    Jan. 1     Balance         160,000  
    Apr. 2     10,000 shares issued for cash     240,000       400,000  
    June 30     Stock dividend   22,500       422,500  


    ACCOUNT Retained Earnings ACCOUNT NO.
            Balance
    Date Item Debit Credit Debit Credit
    Jan. 1     Balance         498,000  
    June 30     Stock dividend 52,500           445,500  
    Dec. 30     Cash dividend 57,300           388,200  
    Dec. 31     Net income   358,600       746,800  

    If an amount is not reported on the statement of cash flows, leave the amount box blank.

    Item Section of Statement of Cash Flows Added or Deducted Amount
    Sale of common stock
     
     
    		 $fill in the blank 3
    Cash dividend
     
     
    		 $fill in the blank 6
    Stock dividend
     
     
    		 $fill in the blank 9
     
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