Tidwell Company experienced the following during 20X1: Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. A. Sold preferred stock for $482,000. Amount Descriptions Labels B. Declared dividends of $150,000 payable on March 1, 20X2. Borrowed from bank Cash flows from financing activities C. Borrowed $577,000 from a bank on a 2-year note. Issued bonds Cash flows from investing activities D. Purchased $76,000 of its own common stock to hold as treasury stock Payment of dividends E. Repaid 5-year bonds issued for $392,000 that mature and are due in December. Purchased treasury stock Repaid bank loan Required: Retired bonds Prepare the net cash from financing activities section of the statement of cash flows. Sold preferred stock Sold treasury stock

Tidwell Company experienced the following during 20X1: Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. A. Sold preferred stock for $482,000. Amount Descriptions Labels B. Declared dividends of $150,000 payable on March 1, 20X2. Borrowed from bank Cash flows from financing activities C. Borrowed $577,000 from a bank on a 2-year note. Issued bonds Cash flows from investing activities D. Purchased $76,000 of its own common stock to hold as treasury stock Payment of dividends E. Repaid 5-year bonds issued for $392,000 that mature and are due in December. Purchased treasury stock Repaid bank loan Required: Retired bonds Prepare the net cash from financing activities section of the statement of cash flows. Sold preferred stock Sold treasury stock

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 18E

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