80.2K
Verified Solution
Link Copied!
1. The following information is available for Sanders Company:
Increase in accounts payable $40,000
Increase in bonds payable 100,000
Sale of investment 50,000
Receipt of cash dividends 10,000
Issuance of common stock 60,000
Payment of cash dividends 30,000
Payment of notes payable 80,000 (includes $8,000 of interest)
Based on this information, what amount should Sanders company report for net cash flow from financing activities?
A) $50,000
B) $90,000
C) $30,000
D) $130,000
E) $58,00
.
2. Hillerbert Company declared a 2-for-1 stock split on its 200,000 shares of $10 par value common stock. As a result of this transaction:
A) Common Stock increases to $4,000,000.
B) Paid-in Capital increases by $2,000.
C) Stockholders' equity increases by $2,000,000.
D) both A and B are correct.
E) none of these answers is correct.
Answer & Explanation
Solved by verified expert
