On September 10, Year 1, Howard Co. received a check for $250 for dividends on Troxell Corporation stock that Howard holds as an investment. Show the effects of this transaction on Howard's income statement and statement of cash flows.
What will be an ideal response?
(I) (I) (NA) (NA)
Cash flows reported as operating activities include cash receipts from revenues, including dividend revenue. The receipt of dividends on an investment increases net income and is reported as a cash inflow in the operating activities section of the statement of cash flows.
You might also like to view...
Which of the following countries has the fastest projected population growth between 2013 and 2025?
A. Canada B. United Kingdom C. Ethiopia D. United States E. Germany
With 77% of employees connected to coworkers via social media, organizations are using these networks to encourage ______ to find new qualified candidates.
a. new applicants b. employee referrals c. college students d. former employees
Financial reasons for undertaking internal corporate venturing include
A. strengthening competitive position. B. reducing stakeholder commitment. C. obtaining above average returns. D. adding to the resource base of the corporation.
A(n) ________ chart is appropriate to monitor the weight of chocolate candy bars
Fill in the blanks with correct word