he Molton Company experienced the following during 2021: 1. Issued preferred stock for $125,000. 2. Repurchased $70,000

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he Molton Company experienced the following during 2021: 

1. Issued preferred stock for $125,000. 

2. Repurchased $70,000 of its own common stock. 

3. Borrowed $150,000 from a bank issuing a five-year note. 

4. Retired bonds by paying $45,000. 

5. Declared dividends of $135,000 payable on March 1, 2021. 


Required 

Prepare the financing section of the statement of cash flows.

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Managerial Accounting

ISBN: 9781119577720

7th Edition

Authors: James Jiambalvo

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