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eBook Question Content Area Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items,

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Reporting Stockholders' Equity Items on Statement of Cash Flows
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, $15 par ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
Jan. 1 Balance, 40,000 shares 600,000
Apr. 210,000 shares issued for cash 150,000750,000
June 302,000-share stock dividend 30,000780,000
ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
Jan. 1 Balance 160,000
Apr. 210,000 shares issued for cash 240,000400,000
June 30 Stock dividend 22,500422,500
ACCOUNT Retained Earnings ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
Jan. 1 Balance 498,000
June 30 Stock dividend 52,500445,500
Dec. 30 Cash dividend 57,300388,200
Dec. 31 Net income 358,600746,800
If an amount is not reported on the statement of cash flows, leave the amount box blank.
Item Section of Statement of Cash Flows Added or Deducted Amount
Sale of common stock
$fill in the blank 3
Cash dividend
$fill in the blank 6
Stock dividend
$fill in the blank 9

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