2022 2021 Common stock, 16,000 and 14,000 shares, respectively, for 2022 and 2021 (P1 par value) Additional paid-in capital - Common P160,000 P140,000 210,000 180,000 Preferred stock, 6,500 and 5,000 shares, respectively, for 2022 and 2021 (P5 par value) Additional paid-in capital - Preferred 32,500 25,000 80,000 50,000 25,000 30,000 Additional paid-in capital - Treasury Retained earnings 300,000 260,000 Treasury stock 30,000 62,000 In 2022, the following equity transactions occurred: Preferred stocks were issued for cash. A small stock dividend on common stock was declared and issued. Cash dividends of P25,000 were declared and paid. Treasury stock was also reissued for P10,000. How much is the net income or net loss in 2022? (Indicate if net income or net loss) The net cash flow to be included in the financing activities section of the company's statement of cash flows in 2022 is: (Indicate if increase or decrease)
2022 2021 Common stock, 16,000 and 14,000 shares, respectively, for 2022 and 2021 (P1 par value) Additional paid-in capital - Common P160,000 P140,000 210,000 180,000 Preferred stock, 6,500 and 5,000 shares, respectively, for 2022 and 2021 (P5 par value) Additional paid-in capital - Preferred 32,500 25,000 80,000 50,000 25,000 30,000 Additional paid-in capital - Treasury Retained earnings 300,000 260,000 Treasury stock 30,000 62,000 In 2022, the following equity transactions occurred: Preferred stocks were issued for cash. A small stock dividend on common stock was declared and issued. Cash dividends of P25,000 were declared and paid. Treasury stock was also reissued for P10,000. How much is the net income or net loss in 2022? (Indicate if net income or net loss) The net cash flow to be included in the financing activities section of the company's statement of cash flows in 2022 is: (Indicate if increase or decrease)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 84PSA: Statement of Stockholders' Equity At the end of 2019, Stanley Utilities Inc. had the following...
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