Question
The following account balances relate to the stockholders' equity accounts of Coronado Corp. at year-end. Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively,
The following account balances relate to the stockholders' equity accounts of Coronado Corp. at year-end. Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and 2021 Preferred stock, 5,000 shares, issued and outstanding Retained earnings 2022 (a) $156,900 128,800 302,200 2021 $144,500 128,800 250,900 A small stock dividend was declared and issued in 2022. The market price of the shares issued was $11,100. Cash dividends of $15,900 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 Coronado Corp. in 2022?
The following account balances relate to the stockholders' equity accounts of Coronado Corp. at year-end. A small stock dividend was declared and issued in 2022. The market price of the shares issued was $11,100. Cash dividends of $15,900 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value. (a) What was the amount of net income reported by Coronado Corp. in 2022? What was the amount of net income reported by Coronado 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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