Question
The following accounts and corresponding balances were drawn from Dexter Companys 2017 and 2016 year-end balance sheets: Account Title 2017 2016 Bonds payable $ 350,000
The following accounts and corresponding balances were drawn from Dexter Companys 2017 and 2016 year-end balance sheets:
Account Title | 2017 | 2016 | ||||
Bonds payable | $ | 350,000 | $ | 400,000 | ||
Common stock | 450,000 | 420,000 | ||||
Other information drawn from the accounting records:
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Dividends paid during the period amounted to $50,000.
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There were no bond liabilities issued during the period.
Required
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Compute the amount of cash flow associated with the repayment of bond liabilities.
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Compute the amount of cash flow associated with the issue of common stock.
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Prepare the financing activities section of the statement of cash flows.
Complete this question by entering your answers in the tabs below.
- Reqs A to B
- Req C
Compute the amount of cash flow associated with the repayment of bond liabilities and common stock.
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Prepare the financing activities section of the statement of cash flows. (Cash outflows should be indicated with minus sign.)
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