Question

Help ASAP pleasee!!

Common stock transactions on the statement of cash flows Jones Industries received $800,000 from issuing shares of its common stock and $700,000 from issuing bonds. During the year, Jones Industries also paid dividends of $90,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect from the drop down menu and leave the amount box blank Transactions Action Amount Cash received from Issuing common stock Cash received from issuing bonds $ Cash paid for dividends Added to net income Deducted from net income No effect Part of cash flows from financing activities Part of cash flows from investing activities Part of cash flows from operating activities

Answer 1

Transactions Action Amount Cash received from issuing common stock Part of cash flows from financing activities $800,000 Cash received from issuing bonds Part of cash flows from financing activities $700,000 Cash paid for dividends Part of cash flows from financing activities ($90,000)

I hope this clear your doubt.

Feel free to comment if you still have any query or need something else. I'll help asap.

Do give a thumbs up if you find this helpful.