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please show work Question 15 0 / 4 pts Tatum Company prepared a Statement of Cash Flows for the year ending 12-31-19 using the indirect
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Question 15 0 / 4 pts Tatum Company prepared a Statement of Cash Flows for the year ending 12-31-19 using the indirect method. Tatum's net cash flows from operating activities were $285,000. Four additional information items follow: During the year, Tatum declared and paid $45,000 of cash dividends On 12-31-19, Tatum leased a machine with a useful life of 5 years. The lease agreement required Tatum to make 4 annual lease payments of $150,000 starting 12-31-19. At the end of the lease term, ownership of the machine will transfer to Tatum. Tatum's borrowing rate on 12-31-19 was 3%. On 01-01-19, Tatum issued $500,000 of four-year 5% term bonds. The bonds were dated 01-01-19 and will pay interest semiannually every July 1 and January 1. On 01-01-19, the market rate for similar bonds was 6%. Tatum incurred and paid $25,000 of bond issuance costs to issue the bonds. During the year, Tatum's accrued expenses payable decreased by $30,000 For the year ended 12-31-19, what were Tatum's cash flows provided by financing activities? $262,450 $275,000 $305,000 O $275,179 $412,450Step by Step Solution
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