Determining Cash Payments to Stockholders The board of directors declared cash dividends towing 3118,600 during the current year beginning of the year and $28,800 at the end of the year comparative Balance sheet indicates dividends payable of $32,000 at the What was the amount of cash payments to stockholders during they Statement of Cash Flows-Indirect Method Algo The comparative balance sheet of Olson Jones Industries Inc. for December 31, 2012 and 2011, as follows: Dec 31, 2012 Dec 31, 2011 Assets Cash $186 Guided. Algo Accounts receivable (net) Inventories Algo 153 Land Equipment Accumulated depreciation equipment Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Pald-in capital: Excess of issue price over por common stock Retained earnings Total liabilities and stockholders' equity The following additional information is taken from the records 1. Land was sold for $35. 2. Foulament was acquired for cash Previous Next > Algo STO SOTSION The following additional Information is taken from the records 1. Land was sold for $35. 2. Equipment was acquired for cash 3. There were no disposals of equipment during the year, 4. The common stock was issued for cash 5. There was a $124 credit to retained Earnings for net income. 6. There was a $38 debit to Retained anings for cash dividends declared Guided. Algo the minus un to indicate cash out now, Algo 2. Prepare a statement of cashows, using the indirect method of presenting cashows from operating activities, payments, decreases in cash, or any negative adjustments Onion on Industrie Sunt of shows for the Year End December 2012 cash flows from operating activities eating Adjustments to reconcile net income to net cash low from Changes in current operating assets and Net cash flow from operating activities Cash flows from investing activities: Previous Next > orce Cash flows from investing activities: migo Net cash flow provided by Investing activites Cash flows from financing activities: uided. Algo | 00 00 Net cash flow provided by financing activities Cash at the beginning of the year Cash at the end of the year b. Was Olson-Jones's net cash flow from operations more or less than net income? The source(s) of the difference are: a. Gain on the sale of land b. Purchase of equipment C. Sale of common stock d. Changes in current operating assets and liabilities e. Depreciation expense 1. Dividends paid Previous Next >