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During2020,UTCCCompanyengaged in the following activities:Distribution of cash dividends declaredin2019$48;Fair value of shares issued in abonusissue$220;Payment to retire bonds$452;Proceeds from thesale of treasuryshares(cost:$52)$60.UTCC Companyclassifies dividendsascashflows from
During2020,UTCCCompanyengaged in the following activities:Distribution of cash dividends declaredin2019$48;Fair value of shares issued in abonusissue$220;Payment to retire bonds$452;Proceeds from thesale of treasuryshares(cost:$52)$60.UTCC Companyclassifies dividendsascashflows from financing activities.In Ts statement of cash flows,whatwere netcash outflows from financing activities for 2020? $440. $660. $732.$392.
During2020,UTCCCompanyengaged in the following activities:Distribution of cash
dividends declaredin2019$48;Fair value of shares issued in abonusissue$220;Payment to retire bonds$452;Proceeds from thesale of treasuryshares(cost:$52)$60.UTCC Companyclassifies dividendsascashflows from financing activities.In Ts statement of cash flows,whatwere netcash outflows from financing activities for 2020?
$440.
$660.
$732.$392.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
