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Question
On the basis of the details of the following common stock account, determine line item(s) for the financing section of the statement of cash flows.
| Common Stock, $10 Par | |||||
| Balance | |||||
| Date | Item | Debit | Credit | Debit | Credit |
| Jan. 1 | Balance, 50,000 shares | — | — | — | 500,000 |
| Mar. 7 | 5,000 shares issued at par for cash | — | 50,000 | — | 550,000 |
| Sept. 20 | 2,500-share stock dividend | — | 25,000 | — | 575,000 |
| Dec. 10 | 2,000 shares issued at $20 for cash | — | 20,000 | — | 595,000 |
Answer
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