Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders'...

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Reporting Stockholders Equity Items on Statement of Cash Flows On the basis of the following stockholders equity accounts, ACCOUNT Retained Earnings ACCOUNT NO Balance Date Item Debit Credit Debit Credit Jan Balance 457,000 35,000 June 30 Stock div

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Answer 1

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	Section of Statement of Cash Flows	Added or Deducted	Amount
Sales of common Stock [43750 + 131250]	Cash Flows from Financing Activities	Added, as Cash is received	$412,500
Cash Dividend	Cash Flows from Financing Activities	Deducted, as cash gets paid	$52,600
Stock Dividend	Not Shown	N/A, because no cash is paid or received	$0

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