Required a. Record the transactions in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA). or financing activity (FA). Use NA to indicate that an element was not affected by the event. Assets Liab. + Cash = Equity Com. Stk. + PIC in Excess Rev. Exp. Net Inc. Proprietorships, Partnerships, and Corporations b. Determine the amount Home Medical would report for common stock on the December 31, 2011, balance sheet. c. Determine the amount Home Medical would report for paid-in capital in excess of par. Cash Flow 595

Required a. Record the transactions in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA). or financing activity (FA). Use NA to indicate that an element was not affected by the event. Assets Liab. + Cash = Equity Com. Stk. + PIC in Excess Rev. Exp. Net Inc. Proprietorships, Partnerships, and Corporations b. Determine the amount Home Medical would report for common stock on the December 31, 2011, balance sheet. c. Determine the amount Home Medical would report for paid-in capital in excess of par. Cash Flow 595

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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