Question: Selected data for Kris Corporation's comparative balance sheets for Year 1 and Year 2 are as follows: Year 1 Year 2 $100,eee $(50, eee) 50,000

Selected data for Kris Corporation's comparative balance sheets for Year 1 and Year 2 are as follows: Year 1 Year 2 $100,eee $(50, eee) 50,000 1ee, eee 100,000 250, eee 300,000 350, eee $550,000 $650,000 Assets Cash Accounts receivable (net) Inventory Equipment (net) Total assets Liabilities and Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and Equity $15e,eee $100,000 80,000 30,000 100,000 80,000 100,000 200,000 120,000 240,000 $550,000 $650,000 The change in the balance of the common stock account would be recorded on the statement of cash flows as: Total liabilities and Equity $550,000 $650,000 The change in the balance of the common stock account would be recorded on the stater Multiple Choice . an increase of $100,000 under financing activities. an increase of $100,000 under investing activities. an increase of $100,000 under operating activities. an increase of $300,000 under financing activities
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