The following transactions occurred at the Lionel Corporation in 2019. Use this information to prepare Lionel's schedule of cash flows from financing activities.
A)The company issued 450 shares of its $50 par value common stock at par.
B)Cash dividends of $26,000 were paid on common stock during the year.

Question

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The Answer of The following transactions occurred at the Lionel Corporation in 2019. Use this information to prepare Lionel's schedule of cash flows from financing activities.
A)The company issued 450 shares of its $50 par value common stock at par.
B)Cash dividends of $26,000 were paid on common stock during the year.

The Following Transactions Occurred at the Lionel Corporation in 2019