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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whether the item is an operating activity (OA), investing activity
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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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