Question

please help as I am stuck on this question
no beginning or ending balance available
Issued Notes Payable $30,000
Paid Dividends $20,000.00
so how much was issued in common stock?
thanks in advance, sorry having a brain freeze on this

Answer 1

id have to know some details.. what are paid dividends, what happens with common stock

Answer 2

ISSUED A NOTE TO THE BANK $30,000
ISSUED ADDITIONAL COMMON STOCK:
PAR VALUE 30,000
PAID IN CAPITAL IN EXCESS OF PAR $10,000
DECLARED AND PAID CASH DIVIDENDS $20,00
this is how the question is stated

Answer 3

yeah but tell me some additional details so i can help you, im not in this course

Answer 4

on practice page I have issued notes payable 30,000 which is correct
paid cash dividends 20,000 correct but cannot get the issued stock question correct

Answer 5

even book seems not explaining this problem correctly

Answer 6

what does paid dividends mean

Answer 7

that's the interest earned

Answer 8

what does issue notes payable mean

Answer 9

A note promising to pay a certain amount of money at a certain time

Answer 10

ok

Answer 11

so he hows 30k
he earned 20k in a year
all his income is generated from his stock profit

Answer 12

is that what is given?

Answer 13

he owes*

Answer 14

Cash Flows from Financing Activities

Finally, the cash account indicates three financing activities. Inflows of cash resulted from issuing common stock for $70,000 and a note payable for $10,000. These inflows are offset by an outflow from paying dividends of $20,000. Thus, the statement of cash flows reports these events and net cash provided by financing activities of $60,000.

Answer 15

thats the example from the book

Answer 16

ok

Answer 17

I thought taking the 20 from the 30 would be 10,000 but it is not so

Answer 18

what I am missing somewhere is what is issued in common stock?

Answer 19

doesnt say so 0?

Answer 20

0 didn't work either

Answer 21

i dont know i still dont understand this question

Answer 22

you said 20k is what he got from interest but your example says that just some inflow of money from somewhere

Answer 23

me neither :)

Answer 24

try 50000, 30000, try 200,000

Answer 25

in other examples similar to this, using them the answer is 10 but not on this question its not damn weird

Answer 26

all tried

Answer 27

why dont you ask your teacher to explain this question

Answer 28

all wrong

Answer 29

take screen shot of question and send it to me

Answer 30

been wating 3 days for response, she very slow in answering

Answer 31

hold on

Answer 32

what does PAR mean?>

Answer 33

ISSUED A NOTE TO THE BANK $30,000
ISSUED ADDITIONAL COMMON STOCK:
PAR VALUE 30,000
PAID IN CAPITAL IN EXCESS OF PAR $10,000
DECLARED AND PAID CASH DIVIDENDS $20,00