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lesya [120]
3 years ago
15

Consider the following events:25,000 shares of preferred stock, cumulative, 5%, $10 par was issued for $15 a share.The annual ca

sh dividend was declared and paid to the above preferred stock.The company purchased 12,000 shares of common stock at $17 per share to be held as Treasury stock.Interest of $8,000 was paid to bondholders.Bonds Payable with a par value of $100,000 were retired at $108,000.Compute the net cash flow from financing activities (parentheses indicate an outflow):A) $ 58,500B) $(71,500)C) $ 50,500D) $ 45,500
Business
1 answer:
Mars2501 [29]3 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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Answer:

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Explanation:

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