Homework Answers
a) Stock dividend = 30500*4%*24 = 29280
b) Effect
| Balance sheet | Income statement | |||||||||||||
| Assets | = | Liabilities | Stockholder's equity | Revenue | - | Expense | = | Net income | Cash flow | |||||
| Cash | = | + | Common Stock | + | PIC in excess | + | Retained earnings | |||||||
| 10980 | 18300 | -29280 | ||||||||||||
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horizontal statements model. In the Cash Flow column, indicate
whether the item is an operating activity (OA), investing activity
(IA), or financing activity (FA). If an element was not affected by
the event, leave the cell blank. (Enter any decreases to account
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was not affected by other events during 2018. Required: Record the
transactions in a horizontal statements model. In the Cash Flow
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investing activity (IA),...
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