{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-08T06:34:57-04:00", "answer_date": "2024-06-08 06:34:57", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2460171", "url": "\/study-help\/questions\/on-january-1-year-1-hardy-company-had-2460171", "question_creation_date_js": "2024-06-08T06:34:57-04:00", "question_creation_date": "Jun 08, 2024 06:34 AM", "meta_title": "[Solved] On January 1 , Year 1 , Hardy Company had | SolutionInn", "meta_description": "Answer of - On January 1 , Year 1 , Hardy Company had a balance of $ 1 1 8 , 5 0 0 in its Common Stock account. During Year 1 , Ha | SolutionInn", "meta_keywords": "january,1,year,hardy,company,balance,$,8,5,common,stock,account", "question_title_h1": "On January 1 , Year 1 , Hardy Company had a balance of $ 1 1 8 , 5 0 0 in its Common Stock", "question_title": "On January 1 , Year 1 , Hardy Company had a balance", "question_title_for_js_snippet": "On January 1 , Year 1 , Hardy Company had a balance of $ 1 1 8 , 5 0 0 in its Common Stock account During Year 1 , Hardy paid $ 2 2 , 4 0 0 to purchase treasury stock Treasury stock is accounted for using the cost method The balance in the Common Stock account on December 3 1 , Year 1 , was $ 1 3 2 , 5 0 0 Assume that the common stock is no par stock Required a Determine the cash inflow from the issue of common stock b Prepare the financing activities section of the Year 1 statement of cash flows Note Amounts to be deducted should be indicated with a minus sign ", "question_description": "\"image
On January <\/span>1<\/mn>,<\/mo><\/mrow><\/math> Year <\/span>1<\/mn>,<\/mo><\/mrow><\/math> Hardy Company had a balance of $<\/span>1<\/mn>1<\/mn>8<\/mn>,<\/mo>5<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> in its Common Stock account. During Year <\/span>1<\/mn>,<\/mo><\/mrow><\/math> Hardy paid $<\/span>2<\/mn>2<\/mn>,<\/mo>4<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on December <\/span>3<\/mn>1<\/mn>,<\/mo><\/mrow><\/math> Year <\/span>1<\/mn>,<\/mo><\/mrow><\/math> was $<\/span>1<\/mn>3<\/mn>2<\/mn>,<\/mo>5<\/mn>0<\/mn>0<\/mn>.<\/mo><\/mrow><\/math> Assume that the common stock is no par stock.<\/span> <\/div>
<\/div>
Required<\/span><\/div>
a<\/span>.<\/mo><\/mrow><\/math> Determine the cash inflow from the issue of common stock.<\/span> <\/div>
b<\/span>.<\/mo><\/mrow><\/math> Prepare the financing activities section of the Year <\/span>1<\/mn><\/mrow><\/math> statement of cash flows.<\/span> <\/div>
Note: Amounts to be deducted should be indicated with a minus sign.<\/span><\/div>
<\/div><\/span> <\/div><\/div> \"image", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "978-1118443965, 1118800532, 9781118800539, 978-0470873991", "edition": "IFRS Edition", "authors": "kieso, weygandt and warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/71.jpg", "uri": "\/textbooks\/intermediate-accounting-ifrs-edition-71", "see_more_uri": "" }, "free_related_book": { "isbn": "0123693896", "uri": "\/textbooks\/physical-database-design-the-database-professionals-guide-to-exploiting-indexes-views-storage-and-more-4th-edition-9780123693891", "name": "Physical Database Design The Database Professionals Guide To Exploiting Indexes Views Storage And More", "edition": "4th Edition" }, "question_posted": "2024-06-08 06:34:57", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/use-the-information-in-exercise-36-and-assume-that-lamb", "description": "Use the information in Exercise 36 and assume that Lamb Inc. uses the FIFO method of process costing. 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