Question: Nichols Inc reported the following amounts on its balance sheet

Nichols Inc. reported the following amounts on its balance sheet at the end of 2011 and 2010 for equity:

Required:
Assume that Nichols did not retire any stock during 2011, it reported $92,630 of net income for 2011, and any dividends declared were paid in cash. Determine the amounts Nichols would report in the financing section of the statement of cash flows.

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  • CreatedSeptember 22, 2015
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