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Exercise 14-12A (Algo) Determining cash flows from financing activities LO 14-4 On January 1, Year 1. Rundle Company had a balance of $110,500 in its
Exercise 14-12A (Algo) Determining cash flows from financing activities LO 14-4 On January 1, Year 1. Rundle Company had a balance of $110,500 in its Common Stock account. During Year 1, Rundle paid $20,200 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stoch account on December 31, Year 1, was $138,000. Assume that the common stock is no par stock Required a. Determine the cash inflow from the issue of common stock b. Prepare the financing activities section of the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Determine the cash inflow from the issue of common stock. Common stock issued Required Complete this question by entering your answers in the tabs below. Required A Required B Prepare the financing activities section of the Year 1 statement of cash flows. (Cash outflow should be indi sign) Cash flows from financing activities: Net cash flow from financing activities
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