Multiple Choice
Which of the following transactions would be reported on the statement of changes in stockholders' equity?
A) Borrowed $5,000 cash from the bank
B) Paid a $100 cash dividend to the stockholders
C) Purchased land for $2,000 cash
D) Paid $1,500 cash to pay off a portion of its note payable
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Retained Earnings at the beginning and ending
Q22: Santa Fe Company was started on January
Q23: During Year 1, Pace Company issued common
Q26: Yowell Company began operations on January 1,
Q27: Grimes Corporation reports the following cash transactions
Q28: Stosch Company's balance sheet reported assets of
Q29: Yowell Company began operations on January 1,
Q30: At the beginning of Year 2, Jones
Q51: What does a company's statement of cash
Q107: Classify each of the following events as