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 ?