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the question i need help on is the top one Remaining time: 48 minutes, 37 seconds. Question Completion Status: QUESTIONS Rainforest Corporation reported the following
the question i need help on is the top one
Remaining time: 48 minutes, 37 seconds. Question Completion Status: QUESTIONS Rainforest Corporation reported the following selected amounts on its comparative balance sheet Current Assets. 2019 2020 Trading Securities 59,000 $5000 Available for Sale Securities $28,000 $14,000 Stockholders Equity Common Stock (57 par) $54,857 $139,215 Paid in Capital in Excess of Par 5168,792 $214,016 Paid in Capital-Share Repurchase $8,403 $13,727 Retained Earnings $315.000 $400,000 Accumulated Other Comprehensive income Unrealized Gain on Available for Sale Securities 538,862 $57.966 The 2020 income statement of Rainforest Corporation reports: Net Income $212,045 Gain on the sale of Available for Sale Securities 58.343 Additional Information: During 2020, Rainforest Corporation retired 1,000 shares of its common stock. These shares were originally issued for 510 per share. No other stock was retired There were no treasury stock transactions and no stock dividends during 2020. All issuances of common stock were in exchange for cash. Required: Determine the amount to be reported on the 2020 Statement of Cash Flows as "Cash Received from Issuance of Common Stock QUESTION 9 Which of the following items would result in a financing cash flow? Click Save and Submit to and submit. Click Save All Antall answers Step by Step Solution
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