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Exercise D13-9 Carter Hopkins Homes engaged in the following activities during the year: Borrowed $600,000 from Marshall Bank Declared and paid dividends on common stock
Exercise D13-9 Carter Hopkins Homes engaged in the following activities during the year: Borrowed $600,000 from Marshall Bank Declared and paid dividends on common stock of $28,000 . Made a $78,000 annual principal payment on a 10-year loan from Cardinal National Bank .Purchased 10,000 shares of Carter Hopkins Homes stock for $200,000 Prepare the cash flows provided by financing activities section of Carter Hopkins Homes' statement of cash flows. (Show amounts that decrease cash fow with either a parenthesis e.g. (15,000).) Cash flows from financing activities Loan repayment Sale of equipment Loan proceeds Sale of marketable securities Common stock cash dividends paid Purchase of treasury stock ties
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