Business, 09.08.2021 21:00, Laners0219

The balance in retained earnings at December 31, 2017 was $1,440,000 and at December 31, 2018 was $1,164,000. Net income for 2018 was $1,000,000. A stock dividend was declared and distributed which increased common stock $500,000 and paid-in capital $220,000. A cash dividend was declared and paid. The stock dividend should be reported on the statement of cash flows (indirect method) as

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The balance in retained earnings at December 31, 2017 was $1,440,000 and at December 31, 2018 was $1...