Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of thefollowing stockholders' equity accounts, indicate the items, exclusive of net income, to bereported on the statement of cash flows. There were no unpaid dividends at either thebeginning or the end of the year. ACCOUNT Common Stock, $10 par ACCOUNT NO. BalanceDate Item Debit Credit Debit Credit Jan. 1 Balance, 35,000 shares 350,000 Apr. 2 8, 750 sharesissued for cash 87, 500 437,500 June 30 1,000 - share stock dividend 10,000 447, 500ACCOUNT Paid - In Capital in Excess of Par - Common Stock ACCOUNT NO. Balance DateItem Debit Credit Debit Credit Jan. 1 Balance 140,000 Apr. 2 8, 750 shares issued for cash183,750 323, 750 June 30 Stock dividend 7,500 331, 250 ACCOUNT Retained EarningsACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 291, 000 June 30Stock dividend 17,500 273,500 Dec. 30 Cash dividend 33,500 240,000 Dec. 31 Net income209,500 449, 500 If an amount is not reported on the statement of cash flows, leave theamount box blank. Item Section of Statement of Cash Flows Added or Deducted Amount Saleof common stock $fill in the blank 3 Cash dividend $fill in the blank 6 Stock dividend $fill in theblank 9

The term "cash flow" basically means the flow of money in and out of business. Cash flow usually…

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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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in what part of the statement of cash flow will "dividend paid" appear a) non- operating non cash item b) cash flow from investing activity c) cash flow from operating activity d) cash flow from financing activity
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, $10 par ACCOUNT NO. Balance Date Item Debit Credit Credit Jan. 1 Balance, 35,000 shares 350,000 Apr. 2 8,750 shares issued for cash 87,500 437,500 June 30 1,000-share stock dividend 10,000 447,500 ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Date Item Debit Credit Balance 8,750 shares issued for cash 157,500 Stock dividend 7,500 Jan. 1 Apr. 2 June 30 Debit Debit Credit 140,000 297,500 305,000
Given the following data, what is the ending balance in the common stock account? 634,438 Total assets, ending Total liabilities, ending 321,286 69,495 32,445 279,868 180,251 Retained Earnings, ending Dividends declared Revenues Expenses Your Answer: Answer
Indicate the effect of each of the following transactions on total assets, total liabilities, and total stockholders' equity. Select + for increase, for decrease, or No Effect. The first transaction is provided as an illustration. - a. Borrowed cash on a bank loan b. Paid an account payable c. Sold common stock d. Purchased merchandise inventory on account e. Declared and paid dividends f. Collected an account receivable g. Sold merchandise inventory on account at a profit h. Paid operating expenses in cash i. Repaid principal and interest on a bank loan Assets + Liabilities + Stockholders' Equity No Effect
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, $20 par ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance, 40,000 shares 800,000 Apr. 2 10,000 shares issued for cash 200,000 1,000,000 June 30 2,000-share stock dividend 40,000 1,040,000 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 280,000 440,000 June 30 Stock dividend 30,000 470,000 ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1…
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The comparative balance sheets for Larkspur Corporation appear below: LARKSPUR CORPORATION Comparative Balance Sheet Cash Accounts receivable (net) Prepaid insurance Land Equipment Accumulated depreciation Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholder's equity Additional information: 1. 2 3. 4. Total assets 5. 6. Cash Flows from Operating Activities Net Income/(Loss) Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Increase in Accounts Receivable Proceeds from the Sale of Land Increase in Accounts Payable LARKSPUR CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 v Assets v ✓ 2022 ✓ $58,000 85,000 27,800 19,500 70,500 (19,100 ) $241,700 $19,700 Net loss for 2022 is $12,000. Net sales for 2022 are $320,000. Cash dividends of $16.200 were declared and paid in 2022. Land was sold for cash at a…
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, $40 par ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance, 120,000 shares 4,800,000 Apr. 30,000 shares issued for cash 1,200,000 6,000,000 June 30 4,400-share stock dividend 176,000 6,176,000 ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. Balance 360,000 Apr. 30,000 shares issued for cash 720,000 1,080,000 June 30 Stock dividend 114,400 1,194,400 2. 1. 2.
Indicate whether each of the following items will be reported on the statement of financial position (SFP), statement of income (SI), both the statement of financial position and statement of income (B), or neither statement (N)-for example, it might appear only on the statement of cash flows. a. Cash b. Land acquired four years ago c. Prepaid rent d. Interest revenue e. Sales of goods and services f. Dividends paid to shareholders g. Rent expense h. Sales anticipated next period 6% Payment made to reduce the principal amour

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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