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 parACCOUNT NO.BalanceDateItemDebitCreditDebitCreditJan.1.Balance, 120,000 shares4,800,000Aprг.30,000 shares issued for cash1,200,0006,000,000June304,400-share stock dividend176,0006,176,000ACCOUNT Paid-In Capital in Excess of Par-Common StockACCOUNT NO.BalanceDateItemDebitCreditDebitCreditJan.1Balance360,000Apг.30,000 shares issued for cash720,0001,080,000June 30Stock dividend114,4001,194,400ACCOUNT Retained EarningsACCOUNT NO.BalanceDateItemDebitCreditDebitCreditJan.1Balance2,000,000June30Stock dividend290,4001,709,600Dec.30Cash dividend463,2001,246,400Dec.31Net income1,440,0002,686,400If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column.ItemSection of Statement of Cash FlowsAdded or DeductedAmountSale of common stockCash dividendStock dividend

Name: On the basis of the following stockholders' equity accounts, indicate
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Description: 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 Sto

Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Business

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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.

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.

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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