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Business, 03.12.2021 19:00 natlovesfood

Determining Cash Flows from Financing Activities Nichols Inc. reported the following amounts on its balance sheet for equity: Jan. 1Dec. 31 Common stock$135,000$210,000 Retained earnings412,800495,300 Required: Assume that, for the current year, Nichols did not retire any stock, it reported $105,610 of net income for 2019, and any dividends declared were paid in cash. Determine the amounts Nichols would report in the financing section of the statement of cash flows.

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Determining Cash Flows from Financing Activities Nichols Inc. reported the following amounts on its...
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