Question

Reporting stockholders' equity items on statement of cash flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $20 par ACCOUNT NO. Balance Balance Debit Credit Debit Credit January 1 Balance, 50,000 shares 500,000 April 2 12,500 shares issued for cash 125,000 625,000 June 30 2,000-share stock dividend 20,000 645,000 ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Balance Debit Credit Debit Credit January 1 Balance 150,000 April 2 12,500 shares issued for cash 275,000 425,000 June 30 Stock dividend 15,000 440,000 ACCOUNT Retained Earnings ACCOUNT NO. Balance Balance Debit Credit Debit Credit January 1 Balance 415,000 June 30 Stock dividend 35,000 380,000 December 30 Cash dividend 47,700 332,300 December 31 Net income 298,800 631,100 If an amount is not reported on the statement of cash flows, enter "0" in the Amount column. Item Section of Statement of Cash Flows Added or Deducted Amount Sale of common stock Financing activities section ?Added ? Cash dividend Financing activities section ?Deducted ? Stock dividend Not reported on statement of cash flows ?Not applicable ?

          Reporting stockholders' equity items on statement of cash flows
On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year.
ACCOUNT Common Stock, $20 par
ACCOUNT NO.
Balance	Balance
Debit	Credit	Debit	Credit
January 1	Balance, 50,000 shares			500,000
April 2	12,500 shares issued for cash	125,000		625,000
June 30	2,000-share stock dividend		20,000		645,000
ACCOUNT Paid-In Capital in Excess of Par-Common Stock	ACCOUNT NO.
Balance	Balance
Debit	Credit	Debit	Credit
January 1	Balance			150,000
April 2	12,500 shares issued for cash	275,000		425,000
June 30	Stock dividend		15,000		440,000
ACCOUNT Retained Earnings	ACCOUNT NO.
Balance	Balance
Debit	Credit	Debit	Credit
January 1	Balance			415,000
June 30	Stock dividend	35,000		380,000
December 30	Cash dividend	47,700		332,300
December 31	Net income		298,800		631,100
If an amount is not reported on the statement of cash flows, enter "0" in the Amount column.
Item	Section of Statement of Cash Flows	Added or Deducted	Amount
Sale of common stock	Financing activities section	?Added	?
Cash dividend	Financing activities section	?Deducted	?
Stock dividend	Not reported on statement of cash flows	?Not applicable	?

Reporting stockholders' equity items on statement of cash flows
On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year.
ACCOUNT Common Stock, 20 par
ACCOUNT NO.
Balance Balance
Debit Credit Debit Credit
January 1 Balance, 50,000 shares 500,000
April 2 12,500 shares issued for cash 125,000 625,000
June 30 2,000-share stock dividend 20,000 645,000
ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO.
Balance Balance
Debit Credit Debit Credit
January 1 Balance 150,000
April 2 12,500 shares issued for cash 275,000 425,000
June 30 Stock dividend 15,000 440,000
ACCOUNT Retained Earnings ACCOUNT NO.
Balance Balance
Debit Credit Debit Credit
January 1 Balance 415,000
June 30 Stock dividend 35,000 380,000
December 30 Cash dividend 47,700 332,300
December 31 Net income 298,800 631,100
If an amount is not reported on the statement of cash flows, enter "0" in the Amount column.
Item Section of Statement of Cash Flows Added or Deducted Amount
Sale of common stock Financing activities section ?Added ?
Cash dividend Financing activities section ?Deducted ?
Stock dividend Not reported on statement of cash flows ?Not applicable ?

Added by Brenda R.

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