A company reports the following? 12/31/2017 12/31/2018 Common Stock $15,000 $156,000 Paid in Capital in Excess of
Question:
A company reports the following?
12/31/2017 12/31/2018
Common Stock $15,000 $156,000
Paid in Capital in Excess of Par $98,000 $107,000
Retained Earnings $66,000 $ 76,000
A. Financing Activity: Sale of Common Stock, $141,000
B. Financing Activity: Sale of Common Stock, $150,000
C. Operating Activity: Net Income $10,000
D. B and C
What is reported on the statement of cash flows prepared with the indirect method for the year ended December? 31, 2018? Assume there were no retirements of common stock during 2018. No dividends were declared in 2018.
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso