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Question 10 During 2021, Waterway Industries had the following activities related to its financial operations: 283000 Carrying value of convertible preferred stock in Waterway, converted
Question 10 During 2021, Waterway Industries had the following activities related to its financial operations: 283000 Carrying value of convertible preferred stock in Waterway, converted into common shares of Waterway $ 534000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders Payment for the early retirement of long-term bonds payable (carrying amount $3928000) 3973000 Proceeds from the sale of treasury stock (on books at cost of $396000) 459000 The amount of net cash used in financing activities to appear in Waterway's statement of cash flows for 2021 should be $3815000. $2980000. $3263000. $3797000. Click if you would like to Show Work for this question: Open Show Work
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