Riverbed Company declared a $19000 stock dividend that resulted in issuing common stock with a...

70.2K

Verified Solution

Question

Accounting

Riverbed Company declared a $19000 stock dividend that resulted in issuing common stock with a par value of $3800. If Martinez uses a worksheet to help prepare its Statement of Cash Flows, what would be entered into the reconciling columns?

a $19000 debit in the bottom portion because it is a financing activity

a $3800 credit in the bottom portion because it is a financing activity

a $19000 debit to Retained Earnings

a $19000 credit in the bottom portion because it is a financing activity

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students