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(Solved) On the basis of the following stockholders’ equity accounts, indicate the items, exclusive of net...


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.   Jan.        1 Balance,  70,000  shares 700,000 Feb.   11 12,000  shares  issued     for  cash 120,000 June  30 4,100-share  stock   dividend 41,000   Dec. 31 Balance 861,000     COMMON STOCK             PAID-IN CAPITAL IN EXCESS OF PAR     Jan.         1 Balance 140,000 Feb.   11 12,000 shares issued     for cash 360,000 June 30 Stock dividend 102,500   Dec. 31 Balance 602,500       RETAINED EARNINGS June  30    Stock dividend                                            143,500 Dec.  30     Cash dividend                                            240,000 Jan.    1 Dec.  31 Balance Net income 1,000,000 800,000   Dec. 31 Balance 1,416,500    

 


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Oct 15, 2019

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