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Selected accounts from the SFP of Passen Limited at 31 December 208 and 207 are presented below. Passen reported earnings of $169,000 in 208. There
Selected accounts from the SFP of Passen Limited at 31 December 208 and 207 are presented below. Passen reported earnings of $169,000 in 208. There was a stock dividend recorded, valued at $84,500 that reduced retained earnings and increased common shares. There was also a cash dividend declared and common shares issued for cash. Required: List the items that would be included in the SCF from these accounts for 20X8. Assume indirect method is used to calculate operating activities section. \begin{tabular}{|l|} \hline As on 207 \\ \hline As on 208 \\ \hline Issuance of bonds payable \\ \hline Common shares \\ \hline As on 207 \\ \hline \end{tabular}
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