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The following data come from the financial statements of Naina Company for 20X8. Dividends declared and...

The following data come from the financial statements of Naina Company for 20X8. Dividends declared and paid during the year.............................................................................................. $95 Decrease in total assets during the year....................................................................................................... 370 Depreciation expense for the year................................................................................................................. 35 Increase in interest payable during the year................................................................................................. 11 Total cash received from operating activities during the year.................................................................... 124 Increase in accumulated depreciation during the year................................................................................ 32 Increase in cash during the year..................................................................................................................... 15 Net LOSS for the year...................................................................................................................................... 190 Decrease in total liabilities during the year................................................................................................. 170 Interest expense for the year.......................................................................................................................... 55 Cash paid for insurance during the year....................................................................................................... 85 Cash paid to repurchase shares of stock during the year........................................................................... 0 What was the amount of cash received through the issuance of new shares of stock by Naina Company during the year 20X8? Write the dollar amount of your answer. (Do not write the dollar sign.)

Solutions

Expert Solution

Particulars Amount
Increase in total assets $                 370
Less: increase in total liabilities $                 (170)
Increase in total equity $                 200
Add: net loss $                 190
Add: dividends declared $                 95
Cash received through equit $                 485

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