Selected accounts from the SFP of Passen Limited at 3 1 December 2 0 X 8 and
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Question:
Selected accounts from the SFP of Passen Limited at December X and X are presented below. Passen reported earnings of $ in X There was a stock dividend recorded, valued at $ that reduced retained earnings and increased common shares.
There was also a cash dividend declared and common shares issued for cash.
As at December XX
Cash dividends payable $ $
Bonds payable
Common shares
Retained earnings
Required:
List the items that would be included in the SCF from these accounts for X Assume indirect method is used to calculate operating activities section.
Compute the noncash item disclosure.
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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