4. Partial balance Sheets for Alpha Company and additional information are found

Question

4. Partial balance Sheets for Alpha Company and additional information are found below. Alpha Company Partial Balance Sheets December 31 Assets Equipment Accumulated depreciation 2018 $100,000 2017 $75,000 (25,000) (20,000) Shareholders' equity Common stock, $5 par Paid-in capital excess of par Retained Earnings $180,000 $%100,000 20,000 40,000 30,000 Additional information for 2018: July 1: July 1: Dec. 31: Issued 8,000 shares of common stock for cash. Purchased new equipment for cash. Paid cash dividends of $20,000. Required: Prepared the financing activities section of the statement of cash flows for 2018

Explanation / Answer

Financial activities section of statement of cash flows will be prepared as follows:

A Company Statement of Cash Flows (Partial) For the Year Ended December 31, 2018 Cash flows from financing activities: Cash received from issue of common stock ($80,000 + $20,000) 100000 Cash dividends paid -20000 Net cash provided by financing activities 80000

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