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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,
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, $5 par ACCOUNT NO Balance Debit Credit Date Jan. 1 Apr.2 June 30 Item Debit Balance, 50,000 shares 12,500 shares issued for cash 2,000-share stock dividend Credit 250,000 312,500 322,500 62,500 10,000 ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO Balance Debit Credit Date Jan Apr. 2 June 30 Item Debit Balance 12,500 shares issued for cash Stock dividend Credit 200,000 437,500 445,000 237,500 7,500Step by Step Solution
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