Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Common stock transactions on the statement of cash flows Jones Industries received $800,000 from issuing shares of its common stock and $650,000 from issuing bonds.

Common stock transactions on the statement of cash flows Jones Industries received $800,000 from issuing shares of its common stock and $650,000 from issuing bonds. During the year, Jones Industries also paid dividends of $110,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank.

Transactions Action Amount
Cash received from issuing common stock

Added to net incomeDeducted from net incomeNo effectPart of cash flows from financing activities Part of cash flows from investing activitiesPart of cash flows from operating activities

$fill in the blank 2
Cash received from issuing bonds

Added to net incomeDeducted from net incomeNo effectPart of cash flows from financing activities Part of cash flows from investing activitiesPart of cash flows from operating activities

$fill in the blank 4
Cash paid for dividends

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

15th edition

978-0133428704

Students also viewed these Accounting questions