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xercise 12-12A (Algo) Determining cash flows from financing activities LO 12-4 n January 1, Year 1, Hardy Company had a balance of $108,500 in its Common Stock account. During Year 1, Hardy paid $35,200 to urchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on ecember 31, Year 1, was $136,500. Assume that the common stock is no par stock. equired Determine the cash inflow from the issue of common stock. Cash inflow from the issue of common stock Prepare the financing activities section of the Year 1 statement of cash flows. ote: Amounts to be deducted should be indicated with a minus sign. Cash flows from financing activities: Net cash flow from financing activities

xercise 12-12A (Algo) Determining cash flows from financing activities LO 12-4 n January 1, Year 1, Hardy Company had a balance of $108,500 in its Common Stock account. During Year 1, Hardy paid $35,200 to urchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on ecember 31, Year 1, was $136,500. Assume that the common stock is no par stock. equired Determine the cash inflow from the issue of common stock. Cash inflow from the issue of common stock Prepare the financing activities section of the Year 1 statement of cash flows. ote: Amounts to be deducted should be indicated with a minus sign. Cash flows from financing activities: Net cash flow from financing activities

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 5PA: Statement of cash flowsdirect method applied to PR 13-1A The comparative balance sheet of Livers...
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Exercise 12-12A (Algo) Determining cash flows from financing activities LO 12-4 On January 1, Year 1, Hardy Company had a balance of $108,500 in its Common Stock account. During Year 1, Hardy paid $35,200 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on December 31, Year 1, was $136,500. Assume that the common stock is no par stock. Required a. Determine the cash inflow from the issue of common stock. Cash inflow from the issue of common stock b. Prepare the financing activities section of the Year 1 statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from financing activities: Net cash flow from financing activities
Transcribed Image Text:Exercise 12-12A (Algo) Determining cash flows from financing activities LO 12-4 On January 1, Year 1, Hardy Company had a balance of $108,500 in its Common Stock account. During Year 1, Hardy paid $35,200 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on December 31, Year 1, was $136,500. Assume that the common stock is no par stock. Required a. Determine the cash inflow from the issue of common stock. Cash inflow from the issue of common stock b. Prepare the financing activities section of the Year 1 statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from financing activities: Net cash flow from financing activities
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