Question

Carter Hopkins Homes engaged in the following activities during the year:
• Borrowed $600,000 from Marshall Bank
• Declared and paid dividends on common stock of $28,000
• Made a $78,000 annual principal payment on a ten-year loan from Cardinal National Bank
• Purchased 10,000 shares of Carter Hopkins Homes stock for $200,000

Required
Prepare the cash flows provided by financing activities section of Carter Hopkins Homes' statement of cash flows.



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  • CreatedFebruary 21, 2014
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