May you please help me with this, thank you Kanan Corp....
90.2K
Verified Solution
Link Copied!
Question
Accounting
May you please help me with this, thank you
Kanan Corp. holds stock in Ezra, Inc. This year, Kanan Corp. receives a cash dividend of $500 from Ezra. Inc. In what section of the Statement of Cash Flows is the dividend reported in for both Kanan and Ezra, respectively? Operating; Financing Operating: Operating Investing: Financing Investing; Operating Financing: Financing Question 3 4 pts Badger Corporation issued 8000 shares of its $5 par value common stock in payment for attorney services billed at $50,000. Badger Corporation's stock has been actively trading at $6 per share. The journal entry for this transaction would include a: credit to Common Stock $48,000. debit to Legal Expense $40,000. debit to Legal Expense $50,000. credit to Additional Paid in Capital $2,000. None of the above
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
