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The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets: Account Title Year 2 Year 1
The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets: Account Title Year 2 Year 1 Bonds payable $212,200 $300,00 Common stock 376,400 276,400 Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $36,000 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. Repayment of bond liability b. Compute the amount of cash flow associated with the issue of common stock Common stock issued c. Prepare the financing activitles section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) DEXTER COMPANY Statement of Cash Flows (Financing Activities) For the Year Ended December 31, Year 2 Cash flows from financing activities Cash flows from financing activities $ 0
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