Question
During 2009, Ogden Inc. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Ogden, converted into common shares
During 2009, Ogden Inc. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Ogden, converted into common shares of Ogden $360,000 Payment in 2008 of cash dividend declared in 2008 to preferred shareholders 186,000 Payment for the early retirement of long-term bonds payable (carrying amount $2,220,000) 2,250,000 Proceeds from the sale of treasury stock (on books at cost of $258,000) 300,000 The amount of net cash used in financing activities to appear in Ogden's statement of cash flows for 2009 should be
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