Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need the answer as soon as possible Question 3 Not yet howered Made out of 100 During 2016, ABC Inc had the following activities

I need the answer as soon as possible image text in transcribed

Question 3 Not yet howered Made out of 100 During 2016, ABC Inc had the following activities (1) convertible preference shares in ABC with a carrying value of $360,000 were converted into ordinary shares of ABC (2) Payment in 2016 of cash dividend declared in 2015 to preference shareholders $186,000 (3) Payment of $2,250,000 for the early retirement or long term bonds payable with a carrying amount $2,220,000, (4) Sale the sale of treasury shares with a cost of S258.000 for $300,000 cash. The amount of net cash used in financing activities to appear in ABC'S statement of cash flows for 2016 should be Flag question Select one: 0 $1,976.000. Ob $2148.000 O $2136.000 O . $1.500.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

CIA Part 3 Business Knowledge For Internal Auditing 2022

Authors: MUHAMMAD ZAIN

1st Edition

B09PM77HSC, 979-8794979688

More Books

Students also viewed these Accounting questions

Question

define what is meant by the term human resource management

Answered: 1 week ago