Question
The following data come from the financial statements of Naina Company for 20X8. Dividends declared and paid during theyear..............................................................................................$95 Increase in total assets during theyear........................................................................................................370
The following data come from the financial statements of Naina Company for 20X8.
Dividends declared and paid during theyear..............................................................................................$95
Increase intotalassets during theyear........................................................................................................370
Depreciation expense for theyear.................................................................................................................35
Increase in interest payable during theyear.................................................................................................11
Total cashreceived fromoperating activities during theyear..................................................................124
Increase in accumulated depreciation during theyear...............................................................................32
Increase in cash during theyear.....................................................................................................................15
NetLOSSfor theyear.......................................................................................................................................190
Increase intotalliabilities during theyear...................................................................................................170
Interest expense for theyear..........................................................................................................................55
Cashpaid forinsurance during theyear.......................................................................................................85
Cash paid to repurchase shares of stock during theyear...........................................................................0
What was the amount of cash received through the issuance of new shares of stock by Naina Company during the year 20X8? Write the dollar amount of your answer. (Do not write the dollar sign.)
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