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During 2016, ABC Inc. had the following activities: (1) convertible preference shares in ABC with a carrying value of $360,000 were converted into ordinary shares
During 2016, ABC Inc. had the following activities: (1) convertible preference shares in ABC with a carrying value of $360,000 were converted into ordinary shares of ABC, (2) Payment in 2016 of cash dividend declared in 2015 to preference shareholders $186,000. (3) Payment of $2,250,000 for the early retirement of long-term bonds payable with a carrying amount $2,220,000, (4) Sale the sale of treasury shares with a cost of $258,000 for $300,000 cash. The amount of net cash used in financing activities to appear in ABC's statement of cash flows for 2016 should be Select one: a. $1,590.000 O b. $2,148,000. O c. $1,776,000. d. $2,136,000
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