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On January 1, 2021 a corporation was organized. The firm was authorized to issue 160,000 shares of $6 par value common stock. During 2021, the
On January 1, 2021 a corporation was organized. The firm was authorized to issue 160,000 shares of $6 par value common stock. During 2021, the company had the following transactions relating to stockholders' equity Issued 16,000 shares of common stock at $8 per share. Issued 32,000 shares of common stock at $9 per share. Reported a net income of $160,000. Pald dividends of $80,000. Purchased 4,000 shares of treasury stock at $11 (part of the 32,000 shares issued at $9). What is total stockholders' equity at the end of 2021? Multiple Choice $868,000 $452,000. 0 $1,028,000. $484.000. A company has gathered data to be used in preparing the statement of cash flows (indirect method). Listed below, in no particuler order. sre items to be included in thet statement. Purchase of equipment Increase in inventory Increase in prepaid rent Payment of dividends Depreciation expense Increase in accounts receivable Increase in accounts payable Loss on sale of land Net income Repayment of notes payable Cash received from the sale of land Issuance of common stock $ 227.000 27,20 6.000 33,00 17,888 51,620 24.ee 14,500 68,888 40,00 7.580 245,620 Prepare the company's statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be Indicated by minus sign.) CEO CONSULTANTS Statement of Cash Flow For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease in cash Cash at the beginning of the period Cash at the end of the period (16,000) 104,000 88.000 S
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