Question: Cash Flow from Financing Activities Tidwell Company experienced the following during 20X1: A. Sold preferred stock for $474,000. B. Declared dividends of $141,000 payable
Cash Flow from Financing Activities Tidwell Company experienced the following during 20X1: A. Sold preferred stock for $474,000. B. Declared dividends of $141,000 payable on March 1, 20X2. C. Borrowed $576,000 from a bank on a 2-year note. D. Purchased $84,500 of its own common stock to hold as treasury stock. E. Repaid 5-year bonds issued for $399,000 that mature and are due in December. Required: Prepare the net cash from financing activities section of the statement of cash flows. (Note: Use a minus sign to indicate any decreases in cash or cash outflows.) Tidwell Company Statement of Cash Flows (Partial) Year Ending December 31, 20X1 Cash flows from financing activities:
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