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Tidwell Company experienced the following during 2015: A. Sold preferred stock for $485,000. B. Declared dividends of $142,000 payable on March 1, 2016. C. Borrowed
Tidwell Company experienced the following during 2015:
A. | Sold preferred stock for $485,000. |
B. | Declared dividends of $142,000 payable on March 1, 2016. |
C. | Borrowed $572,000 from bank on a 2-year note. |
D. | Purchased $80,500 of its own common stock to hold as treasury stock. |
E. | Repaid 5-year bonds issued in 2010 for $397,000 due in December. |
Required:
Prepare the net cash from financing activities section of the statement of cash flows. |
Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows.
Amount Descriptions | |
---|---|
Borrowed from bank | |
Issued bonds | |
Payment of dividends | |
Purchased treasury stock | |
Repaid bank loan | |
Retired bonds | |
Sold preferred stock | |
Sold treasury stock | |
Net cash from financing activities | |
Net cash from investing activities |
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