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The following accounts and corresponding balances were drawn from Dexter Company's 2017 and 2016 year-end balance sheets: Other information drawn from the accounting records: Dividends
The following accounts and corresponding balances were drawn from Dexter Company's 2017 and 2016 year-end balance sheets: Other information drawn from the accounting records: Dividends paid during the period amounted to $35, 600. 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 activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)
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