Reporting stockholders’ equity items on statement of cash flows Obj. 4 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 Balance, 120,000 shares 30,000 shares issued for cash 5% stock dividend 1 2 30 Jan.
Apr.
June 4,800,000 6,000,000 6,300,000 1,200,000 300,000 ACCOUNT Paid-In Capital in Excess of Par––Common Stock ACCOUNT NO.
Balance Date Item Debit Credit Debit Credit Balance 30,000 shares issued for cash Stock dividend 1 2 30 Jan.
Apr.
June 360,000 1,080,000 1,230,000 720,000 150,000 ACCOUNT Retained Earnings ACCOUNT NO.
Balance Date Item Debit Credit Debit Credit Balance Stock dividend Cash dividend Net income 1 30 30 31 Jan.
June Dec.
2,000,000 1,550,000 1,235,000 1,000,000 2,235,000 450,000 315,000.

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