Jones Industries received $800,000 from issuing shares of its common stock and $700,000 from issuing bonds. During
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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 | Part of cash flows from investing activities | $ |
Cash received from issuing bonds | Added to net income | $ |
Cash paid for dividends | Deducted from net income | $ |
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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