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Brief Exercise 14-29. Cash Flows from Financing Activities Objective 2 Example 14.5 Roberts Company earned net income of $450,000 in 20X2. Roberts provided the
Brief Exercise 14-29. Cash Flows from Financing Activities Objective 2 Example 14.5 Roberts Company earned net income of $450,000 in 20X2. Roberts provided the following information: Roberts Company Comparative Balance Sheets At December 31, 20X1 and 20X2 Required: 20X1 20X2 Bonds payable $ $ 192,500 Mortgage payable 50,000 Common stock 187.500 187,500 Paid-in capital in excess of par 190,000 190,000 Retained earnings 912,500 1,162,500 Compute the financing cash flows for the current year.
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