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provide full debits and credits Tell me what you want to do Share Comments AutoSum- General 47 $ . %968-98 Insert Delete Format Enter- Clear

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Tell me what you want to do Share Comments AutoSum- General 47 $ . %968-98 Insert Delete Format Enter- Clear Conditional Formatas Cell Formatting Table Styles Styles Sort & Find & Filter Select Number Cells Editing S T AC AD AF AF R action! RUARI U Vw AA AB BE CAREFUL - the CASH FLOWS DO NOT CARRY SIGNS. Figure it out from the Transaction CASH ACCRUAL NONC ASH 19 Common stock (no par) is issued in return for 0 75 with a Fair Value of 75 OUTFLOW 20 Preferred Stock (no par) worth 40 is repurchased 40 40 50 50 20 OUTFLOW 21 Common Stock is repurchased at cost of 50, for 50 assumption - may be reissued and is NOT destroyed Treasury Shares is a contra equity account and it reduces equity OUTFLOW 22 Dividends of $60 are declared and paid in cash 60 60 10 30 100 30 70 OUTFLOW 40 40 23 Long term debt representing a Liability totalling 40 matures. It must be repaid in Cash 10 10 INFLOW 24 10 was received from the exercise of the stock opti Employees retained 15 in intrinsic value The shares were worth 25 on the exercise date Comment for this example we are not reissuing 15 25 ect method Income Statement INVESTING ACTIVITIES FINE Display Settings 11:00 AM 7/27/2020 13

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