Common stock transactions on the statement of cash flows Jones Industries receiv

Question

Common stock transactions on the statement of cash flows

Jones Industries received $800,000 from issuing shares of its common stock and $700,000 from issuing bonds. During the year, Jones Industries also paid dividends of $90,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank.

Transactions Action Amount Cash received from issuing common stock Part of cash flows from financing activities $ Cash received from issuing bonds Part of cash flows from financing activities $ Cash paid for dividends Part of cash flows from financing activities $

Explanation / Answer

Solution:

Extract of Cash Flow Statement - Jones Industries Particulars Amount Cash Flow from Financing Activities: Cash received from issue of common stock $ 800,000.00 Cash received from issue of bonds $ 700,000.00 Cash paid for dividends $ (90,000.00)

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