Question: Tidwell Company experienced the following during 2015: A. Sold preferred stock for $485,000. B. Declared dividends of $142,000 payable on March 1, 2016. C. Borrowed
Tidwell Company experienced the following during 2015:
| A. | Sold preferred stock for $485,000. |
| B. | Declared dividends of $142,000 payable on March 1, 2016. |
| C. | Borrowed $572,000 from bank on a 2-year note. |
| D. | Purchased $80,500 of its own common stock to hold as treasury stock. |
| E. | Repaid 5-year bonds issued in 2010 for $397,000 due in December. |
Required:
| Prepare the net cash from financing activities section of the statement of cash flows. |
Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows.
| Amount Descriptions | |
|---|---|
| Borrowed from bank | |
| Issued bonds | |
| Payment of dividends | |
| Purchased treasury stock | |
| Repaid bank loan | |
| Retired bonds | |
| Sold preferred stock | |
| Sold treasury stock | |
| Net cash from financing activities | |
| Net cash from investing activities |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
