Question
The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets. Account Title Bonds payable Common
The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets. Account Title Bonds payable Common stock Year 2 $212,600 376,300 Year 1 $300,700 284,900 Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $38,900. 2. There were no bond liabilities issued during the period. Required a. Compute the amount of cash flow associated with the repayment of bond liabilities. b. Compute the amount of cash flow associated with the issue of common stock. c. Prepare the financing activities section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the amount of cash flow associated with the repayment of bond liabilities. Cash flow for the repayment of bond liabilities Required A Required B Required C Compute the amount of cash flow associated with the issue of common Cash flow from the issue of common stock Required A Required B Required C Prepare the financing activities section of the statement of cash flows. (Cash DEXTER COMPANY Statement of Cash Flows (Financing Activities) For the Year Ended December 31, Year 2 Cash flows from financing activities: Net cash flow from financing activities
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