Question: Tidwell Company experienced the following during 20X1: A. Sold preferred stock for $487,000. B. Declared dividends of $142,000 payable on March 1, 20X2. C. Borrowed
Tidwell Company experienced the following during 20X1:
| A. | Sold preferred stock for $487,000. |
| B. | Declared dividends of $142,000 payable on March 1, 20X2. |
| C. | Borrowed $571,000 from a bank on a 2-year note. |
| D. | Purchased $82,500 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. |
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