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The following account balances relate to the stockholders' equity accounts of Concord Corp. at year-end. A small stock dividend was declared and issued in 2022.
The following account balances relate to the stockholders' equity accounts of Concord Corp. at year-end. A small stock dividend was declared and issued in 2022. The market price of the shares issued was $11,300. Cash dividends of $17,000 were declared and paid in both 2022 and 2021 . The common stock and preferred stock have no par or stated value. What was the amount of net income reported by Concord Corp. in 2022 ? Net income $ Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022. Common stock \$ Dividends $ Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows. Common stock Dividends
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