All one question Sat 12:19 AM N nd from Print Item Reporting Stockholders\' Equi

Question

All one question Sat 12:19 AM N nd from Print Item Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of dividends at either the beginning or the end of the year ACCOUNT Common Stock, $20 par net income, to be reported on the statement of cash flows. There were no un ACCOUNT NO. Balance DebitCredit Debit Credit 1,100,000 1,375,000 1,415,000 Item Date Jan. 1 Balance, 55,000 shares Apr. 213,750 shares issued for cash June 302,000-share stock dividend 275,000 40,000 ACCOUNT NO. ACCOUNT Paid-In Capital in Excess of Par-Common Stock Balance Item DebitCredit Debit Credit Date Jan. 1 Apr. 2 13,750 shares issued for cash 220,000 632,500 662,500 412,500 une 30 Stock dividend 30,000 Previous

Explanation / Answer

Sale of Common Stock Financing Added 687500 =275000+412500 Cash dividend Financing Deducted 105000 Stock dividend Not reported 0

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