xercise 12-12A (Algo) Determining cash flows from financing activities LO 12-4 n January 1, Year 1, Hardy Company had a balance of $108,500 in its Common Stock account. During Year 1, Hardy paid $35,200 to urchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on ecember 31, Year 1, was $136,500. Assume that the common stock is no par stock. equired Determine the cash inflow from the issue of common stock. Cash inflow from the issue of common stock Prepare the financing activities section of the Year 1 statement of cash flows. ote: Amounts to be deducted should be indicated with a minus sign. Cash flows from financing activities: Net cash flow from financing activities

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is