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Jaderong Pinkett Stores reported net income of $25 million. The company has no out-standing debt. Using the following information from the comparative balance sheets on milions), what should the company report in the financing section of the statement of cash flows in 2010? Balance Sheet Item Common stock Additional paid-in capital common stock Retained earings Total stockholders' equity 12/31/200912/31/2010Change $102 $140 $115 $357 $100 $100 $100 $300 O a Issuance of common stock of $42 million dividends paid of $10 milion O b. Issuance of common stock of $38 milion dividends paid of $10 milion O c. Issuance of common stock of $42 million dividends paid of $40 million. 12 $40 $15 $57

Jaderong Pinkett Stores reported net income of $25 million. The company has no out-standing debt. Using the following information from the comparative balance sheets on milions), what should the company report in the financing section of the statement of cash flows in 2010? Balance Sheet Item Common stock Additional paid-in capital common stock Retained earings Total stockholders' equity 12/31/200912/31/2010Change $102 $140 $115 $357 $100 $100 $100 $300 O a Issuance of common stock of $42 million dividends paid of $10 milion O b. Issuance of common stock of $38 milion dividends paid of $10 milion O c. Issuance of common stock of $42 million dividends paid of $40 million. 12 $40 $15 $57

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Jaderong Pinkett Stores reported net income of $25 million. The company has no out-standing debt Using the following information from the comparative balance sheets on milions), what should the company report in the financing section of the statement of cash flows in 2010? Balance Sheet Item Common stock Additional paid-in capital common stock Retained earings Total stockholders' equity 12/31/200912/31/2010Change $102 $140 $115 $357 $100 $100 $100 $300 O a Issuance of common stock of $42 million dividends paid of $10 million. O b. Issuance of common stock of $38 million dividends paid of $10 million. Oc. Issuance of common stock of $42 million dividends paid of $40 million. $2 $40 $15 $57
Transcribed Image Text:Jaderong Pinkett Stores reported net income of $25 million. The company has no out-standing debt Using the following information from the comparative balance sheets on milions), what should the company report in the financing section of the statement of cash flows in 2010? Balance Sheet Item Common stock Additional paid-in capital common stock Retained earings Total stockholders' equity 12/31/200912/31/2010Change $102 $140 $115 $357 $100 $100 $100 $300 O a Issuance of common stock of $42 million dividends paid of $10 million. O b. Issuance of common stock of $38 million dividends paid of $10 million. Oc. Issuance of common stock of $42 million dividends paid of $40 million. $2 $40 $15 $57
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