the company has no outstanding debt using the following information from the compara 609699

Jaderong Plinkett Stores reported net income of $25 million. The company has no outstanding debt. Using the following information from the comparative balance sheets (in millions), what should the company report in the financing section of the statement of cash flows in 2010?

Balance Sheet Item

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the company has no outstanding debt using the following information from the compara 609699
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12/31/2009

12/31/2010

Change

Common stock

$100

$102

$2

Additional paid in capital common stock

$100

$140

$40

Retained earning

$100

$115

$15

Total stockholders” equity

$300

$357

$57

A. Issuance of common stock of $42 million; dividends paid of $10 million

B. Issuance of common stock of $38 million; dividends paid of $10 million

C. Issuance of common stock of $42 million; dividends paid of $40 million

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