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fredd [130]
3 years ago
12

Kleister Company issues bonds for $100 million and repays a long-term notes payable of $10 million. The company also repurchases

its own shares for $12 million and issues stock dividends with a market value of $5 million.Net cash flow from financing activities will be:$78 million net inflow[100 million - 10 million - 12 million](dividends are stock dividends not paid in cash) T/F
Business
1 answer:
solong [7]3 years ago
4 0

Answer:

TRUE

Explanation:

Kleister Company:

1. Issues bonds for $100 million - INFLOW

2. Repays a long-term notes payable of $10 million. - OUTFLOW

3. The company also repurchases its own shares for $12 million - OUTFLOW

4. Issues stock dividends with a market value of $5 million. - NOT A CASH FLOW

It is therefore true that Net cash flow from financing activities will be: $78 million [100 million - 10 million - 12 million] since the dividends are stock dividends not cash dividends

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Explanation:

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Select the correct answer. Ashley is a finance executive. She has gathered all the data from different departments regarding the
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3 years ago
(02.03 MC) Bernadette wants to set aside some money, but she wants to have easy access to it without penalty. She is not worried
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<em>Traditional savings account</em>

Explanation:

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8 0
3 years ago
Cash dividends of $83,126 were declared during the year. Cash dividends payable were $9,151 at the beginning of the year and $15
morpeh [17]

Answer:

option (b) $76,642

Explanation:

Data provided in the question:

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7 0
3 years ago
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