Cash Flows from Investing Activities Assignment | Top Universities

Question 3 4 pts Our company is authorized to issue 10,000 shares of $50 par value preferred stock. On August 21 we issued 3,000 shares for $55 per share. What account(s) and amount(s) would we debit when we record the journal entry for this transaction?

cash, $165,000 Preferred stock, $150,000; and paid-in capital in excess of par value, $15,000 O preferred stock, $500,000; and paid-in capital in excess of par value, $50,000 cash, $1,200,000 Question 9 4 pts On the statement of cash flows, an increase in accounts receivable is shown as a deduction from net income in the cash flows from operating activities section an addition to net income in the cash flows from operating activities section a cash inflow in the cash flows from investing activities section Oa cash outflow the cash flows from investing activities section. Get Accounting Homework Help Today.